Duff & Phelps Credit Rating Co. has released a report advising that a properly structured plan for securitization of stranded utility investment should address third-party credit risk.
Sound bites from state and federal regulators.
Storm Damage Costs. Hawaii rejects proposal by electric utility for statewide surcharge to recover hurricane damage costs. Says that "regulatory compact" requires utility to quickly repair damage and restore service to consumers in return for recovery of all prudently incurred costs. Dkt. No. 94-0097, Aug. 7, 1996.
Gas-supply Incentives. Missouri increases LDC's rates by $9.5 million. Also OKs incentive plan under which the LDC and its customers would share savings and revenues realized by the utility in acquiring, using, and managing its system gas-supply assets.
LDC/Marketing Affiliate Relations. Massachusetts issues proposed standards of conduct for natural gas LDCs and their marketing affiliates, D.P.U. 96-44, Aug. 16, 1996.
Load Profiles. Florida allows "load enhancement" program by gas LDC that charges incremental usage during the summer at a rate equal to 50 percent of customers' existing nonfuel energy rate. Dkt. No. 960738-GU, Order No. PSC-96-1196-FOF-GU, Sept. 23, 1996.
Weather-related Adjustments. Florida allows gas LDC to compensate for deviations from normal weather by adjusting residential and commercial billings using a weather normalization factor. Dkt. No. 960831-GU, Order No. PSC-96-1192-FOF-GU, Sept. 23, 1996.
Flexible Gas Rates. Florida approves flexible rate tariff so LDC can enter into negotiated contracts with eligible customers at rates below standard levels. Dkt. No. 960920-GU, Order No. PSC-96-1218-FOF-GU, Sept. 24, 1996.
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