Maine Won't Close Docket on Stranded Costs
The Maine Public Utilities Commission (PUC) has rejected a request by Central Maine Power Co. to suspend a proceeding to develop an interim competition transition charge.
Fortnightly Magazine - October 1 1996
Trading on the Index: Spot Markets and Price Spreads in the Western Interconnection
Using cash and futures markets, traders can tie contracts to a price index.
But which one?
And how to adjust for different delivery points?FOR THE PAST 20 YEARS, THE WESTERN
Systems Coordinating Council (WSCC) has built a reputation for innovation in electric markets.
Byline:
Robert McCullough
Perspective
To what extent should the independent system operator (ISO) and the spot market (Power Exchange) remain separate? Thinking about how the ISO must operate leads to certain conclusions.
Of necessity, the ISO will operate a noncontract market. That is, the ISO will match some supply and some demand that are not covered by generator-customer contracts.
Byline:
Mark Drazen
Off Peak
California's CTC:
Light-handed or Light-headed?Customers didn't buy power on lay-away. So why should the CPUC exact interest?
In a recent dream, the Governor of California called to ask if I would accept an appointment to serve on the California Public Utilities Commission (CPUC). Of course I thanked him and said I was extremely flattered by the offer. However, I inquired, didn't he have an opening on the parole board or air resources board? You see, I know entirely too much about the thankless work of the CPUC.
Byline:
Nancy I. Day
Four Olive Branches
Where others see conflict, a Pennsylvania commissioner finds a peace offering,
not a grab for power.
The jurisdictional issues posed by Order 888 continue to breed tension between federal and state officials. Unfortunately, most of this tension too often elevates form over substance. This jurisdictional tension shifts the focus of decisionmaking from securing the benefits of competition to preserving regulatory turf.
Byline:
John R. Hanger
FERC Weighs in on Muni-Lite Proposals
The Federal Energy Regulatory Commission (FERC) has issued two orders that indicate for the first time how it would implement the prohibition against "sham" transactions under the Energy Policy Act. The separate decisions involve requests by two municipalities for orders requiring utilities to wheel power.
In one order, the FERC denied a request by the City of Palm Springs, CA, for electric transmission service from Southern California Edison (SCE) under sections 211 and 212 of the Federal Power Act (FPA) (Docket No. TX96-7-000).
Byline:
Lori A. Burkhart
Frontlines
Labor Day found me trudging around in one of those "big box" discount stores, looking for a sale on a new refrigerator. Out West, California lawmakers spent the holiday putting together their own discount plan (em this one promising rate cuts for the state's residential electric consumers, funded by "rate reduction bonds" backed by a state-owned bank for economic development.
Either way you cut it, the holiday proved worthy of its name.
Byline:
Bruce W. Radford
FERC Requires Qfs to File Rates for Noncompliance
The Federal Energy Regulatory Commission (FERC) announced that qualifying facilities (QFs) that fail to meet the standards needed to retain QF status will be required to file wholesale rates for sales during the period their facilities do not comply (Docket Nos. EL94-45-001 and QF88-84-006).
The FERC asked QFs to be as vigilant as possible. The new policy states that if a QF fails to comply with the regulations, fails to receive a FERC waiver excusing the lapse, and then returns to noncompliance, the QF will be required to file rates for the noncompliance period.
Byline:
Lori A. Burkhart
People
Ronald L. Adams, an executive from Transcontinental Gas Pipeline, was named president of CNG Transmission Corp. He replaces L.J. Timms, Jr., who retired.
Lee Elder was hired by GE Nuclear Energy as manager of market development. Elder was g.m. of nuclear marketing and technology for Black & Veatch and started a joint venture between the two companies to service boiling water reactors.
The Oklahoma Corporation Commission has hired Richard L. Heck, a former U.S.
FERC Proposes Capacity Release Changes
The FERC has proposed major revisions to the secondary market for interstate capacity, offering interstate pipelines and holders of interstate capacity the opportunity to participate in experimental programs to help determine the effectiveness of the proposed changes (Docket Nos.
Byline:
Lori A. Burkhart