A new law could help New York utilities reduce electric rates
and improve their balance sheets.
Legislation recommended by Gov. Pataki on June 1, 1996, seeks to provide the...
At the request of California Gov. Pete Wilson (R) and key state legislators, Southern California Edison (SCE) has forged a consensus with a broad coalition, including electric customers and independent power producers (IPPs), on restructuring principles for California's electric utility industry. According to Thomas Higgins, SCE spokesman, the negotiated settlement represents a breakthrough compromise for the "PoolCo" and "anti-PoolCo" camps that will help prevent a fight in the legislature. Key elements include:
s A nonbypassable competitive transition charge
s Bilateral contracts in conjunction with a pool
s Retail wheeling phased in over five years, including aggregation of residential, small commercial, educational, and agricultural accounts in 1998
s Continued operation of qualifying facilities under existing contracts, and a framework for their transition to a competitive market
s Resolution of market power issues within five years of exchange operation.
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