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...
OCTOBER 01, 1995
A Massachusetts independent power producer has issued a "reverse-request for proposals" (RRFP) to wholesale power purchasers in New England, the first of its kind. Traditionally, power buyers have issued requests for proposals on specified blocks from interested power generators. The RRFP changes that process by seeking interest from the purchasers. The motivating force behind the RRFP is the Berkshire Power Project, a 252-megawatt natural gas-fired plant scheduled to come on line early in 1999. The company says it will sell capacity and associated energy for under four cents per kilowatt-hour.
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