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....
Two Penn. Utilities Offer Restructuring Proposal
In the second phase of the Pennsylvania Public Utility Commission's (PUC's) investigation into electric industry restructuring, Metropolitan Edison (ME) and Pennsylvania Electric (PE) have proposed a regional wholesale electricity market based on the Pennsylvania-New Jersey-Maryland power pool. All electric generators would sell into the market, which would function as a spot market, while accommodating bilateral contracts.
The pool would coordinate all power sales and purchases to assure the reliability and integrity of the regional electric grid. An independent system operator (ISO) would manage the pool-based market and would contract with pool members to settle reliability concerns and develop emergency procedures. The ISO would be responsible for regional transmission planning.
The utilities propose a nonbypassable, competitive transition charge (CTC) for stranded-cost recovery. The CTC would be in effect for a limited time period and would apply to all that depend on the electric system. ME and PE also support choice for retail customers for products, services, and electric energy suppliers. They advocate performance-based rates, based on the expectation that some portions of the industry will remain subject to state regulation during and after the transition to competition.
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.