ADFITs: Not a Phantom
In his article, "Phantom Taxes: The Big Payback" (Courts and Commissions, 7/1/96, p. 41), David Wise argues that utility recovery of stranded facility costs...
To prevent a repeat of the energy emergency experienced in the state in January 1994, the Pennsylvania Public Utilities Commission (PUC) has ordered electric utilities to negotiate with their power pools, nonutility generators, and supplier utilities outside the state regarding fuel-supply reliability for plant identified as available to meet winter peak. The PUC suggested that the utilities revise rules that allow generation fueled solely by natural gas and delivered under interruptible transportation contracts to count as part of reserve capacity. Earlier this year, the PUC had deferred action on a proposal to require any natural gas electric plant in the state that is counted as winter reserve capacity to have firm transportation contracts. Re Restriction on the Use of Natural Gas for Electric Generation, Docket No. L-00950100, Mar. 15, 1995 (Pa.P.U.C.).
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