THE POWER PLANTS OF AT LEAST FIVE UTILITIES IN NEW England and California get swapped this year for more than $5.3 billion. And happily, those holding bonds on the plants will be given cash for...
Sound bites from state and federal regulators.
Residential Weatherization. Idaho allows Utah Power & Light Co. to discontinue its demand-side management program for residential weatherization, calling it "apparently no longer of much value." to customers. Case No. UPL-E-96-6, Order No. 26747, Dec. 31, 1996 (Idaho P.U.C.).
Real-time Pricing. Montana Power Co. gains approval for real-time pricing plan, but state regulators question 1) whether incremental load will cover costs, 2) if load aggregation is discriminatory, or 3) whether state law requires all RTP tariffs to include transmission charges. Docket No. D96.3.33, Order No. 5915a, Dec. 3, 1996 (Mont.P.S.C.).
Return on Equity. California sets return on equity at 11.6% for Pacific Gas & Electric Co., Southern California Edison, Southern California Gas Co., and San Diego Gas and Electric Co. (the same figure as in last year's attrition proceeding, despite an increase in interest rates). Application Nos. 96-05-022 et al., Decision 96-11-060, Nov. 26, 1996 (Cal.P.U.C.). t
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