Exelon CEO John W. Rowe would head the largest utility in the industry, if a proposed merger with PSEG goes through. By creating a $40 billion market-capitalization utility, the newly formed...
Saying "No" to Municipalization
township officials and their constituents that it might be better to postpone a municipalization vote until after federal and state regulatory changes are adopted. With dramatic changes in the electric utility industry around the corner, switching to town electric now would be like installing expensive, bulky mainframe computers a year or two before PCs hit the market. t
James S. Lanard, president of Lanard & Associates of Arlington, VA, is a specialist in utility municipalization campaigns. Lanard is a former chief of staff to Rep. Frank Pallone, Jr. (D-NJ), the ranking Democrat on the House Commerce Committee's Subcommittee on Energy and Power. Glenn O. Steiger is director of corporate affairs and competitive strategies for Jersey Central Power & Light Co., where he has served as a corporate official for
13 years. Steiger has worked in the electric utility industry for 25 years.
How the Drama Unfolded
June 15 Anchor Glass Container meets with JCP&L to discuss its May 23 letter requesting a negotiated electric rate
Anchor meets with the township manager to discuss creating a municipal utility
July 8 Anchor provides an initial economic analysis to the township
July 18-19 Anchor meets with business leaders and the deputy mayor; discusses the proposal at a township council meeting
July 25 Anchor presents Council with an offer of commitment
August 8 Anchor meets with township manager to develop a cost estimate for a replacement electric system
August 22 JCP&L makes presentation to township council on the proposed municipal utility. Council votes to put the municipalization issue on the ballot
September 12 Township selects Courtney & Associates to analyze the municipal utility proposal
October 10 Public rehearing held on the municipal utility
October 17 Courtney & Associates, Stone & Webster make presentations
November 7 Referendum defeated-3,646 to 563.
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