CalEnergy Company Inc. subsidiary CE Electric Inc. in mid-July appeared poised to take over New York State Electric & Gas Corp. But NYSEG fought the hostile takeover and won.
The Massachusetts Department of Public Utilities (DPU) has clarified an earlier ruling on sharing revenues that local distribution companies (LDCs) receive from certain interruptible services and capacity-release transactions. In that ruling, the DPU had established that LDCs could retain 25 percent of margins above a designated threshold. Re Interruptible Transportation/Capacity Release, D.P.U. 93-141-A , Feb. 14, 1996 (Mass.D.P.U.).
The DPU ruled that LDCs must 1) establish a threshold level for margin-sharing based on the 12-month period ending April 30, 1996; 2) include revenues from offsystem sales in the margin-sharing program and credit them to firm sales customers; and 3) separately calculate, rather than aggregate, the margins derived from each of the interruptible services as well as from capacity-release transactions and offsystem sales. Re Interruptible Transportation/Capacity Release, D.P.U. 93-141-B, Feb. 14, 1996 (Mass.D.P.U.). t
Phillip S. Cross is an associate legal editor of PUBLIC
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