MAINE YANKEE PRUDENCE. The Maine Public Utilities
Commission will investigate the prudence of Maine Yankee Atomic Power Co.'s decision to close its nuclear plant permanently.
for the electric industry. It makes sense to promote interconnectivity for both industries as we move inexorably toward a converged energy market. The interrelationship between the gas and electricity markets and their common open-access regulatory directives portend a broad-based interfuel market in which gas serves both as a fuel and a direct energy source. In a universal electronic marketplace, both forms of energy could be exchanged or converted physically, financially, or both using leading-edge information technologies. t
Sheila Hollis is senior partner of the law firm Metzger, Hollis, Gordon & Mortimer in Washington, DC. Andrew Katz is a senior associate of the firm.
Electric real-time information networks will offer four major types of information: 1) available transmission capacity, 2) transmission product offerings and prices, 3) specific transmission service requests, and 4) informal transmission communications.
The FERC has mandated a standard information system for the electric industry. The industry working group proposes an "electronic information network" (EIN)-a "same-time" (as opposed to "real time") information system. EINs will employ the same standards across the national and will be capable of two-way electronic communications between transmission providers and customers.
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