The Ohio Public Utilities Commission (PUC) has proposed regulations to allow electric utilities to use fuel-cost clauses to recover gains or losses from trading Clean Air Act emission allowances....
Maryland Opts for "Measured" Restructuring
The Maryland Public Service Commission (PSC) has completed its investigation of market competition and regulatory policies for the electric industry. The PSC chose a "measured approach," ruling against retail wheeling at this time while permitting, but not requiring, utility proposals for performance-based ratemaking.
The PSC described electricity rates in the state as "globally competitive," noting that Maryland's utilities were not encumbered by a lot of expensive nuclear power plants or high-cost cogeneration contracts. Finding that the conditions needed to ensure a competitive retail market "do not currently exist," the PSC cited numerous unresolved concerns associated with retail competition, including: 1) system reliability, 2) stranded investment, 3) reciprocity in neighboring states, and 4) continued funding for environmental and social goals.
Finding a focus on wholesale competition more prudent, the PSC pledged to open state-jurisdictional transmission facilities to wholesale competitors and to support voluntary power pooling and other forms of utility coordination. It also adopted a competitive bidding policy for all future utility capacity needs to ensure that ratepayers benefit from favorable conditions in the current bulk-power market. Re Electric Services, Market Competition, and Regulatory Policies, Case No. 8678, August 18, 1995 (Md.P.S.C.).
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.