Public Utilities Reports

PUR Guide 2012 Fully Updated Version

Available NOW!
PUR Guide

This comprehensive self-study certification course is designed to teach the novice or pro everything they need to understand and succeed in every phase of the public utilities business.

Order Now

LDC Would Act as "Marketer"

Fortnightly Magazine - February 1 1997

The North Carolina Utilities Commission has approved a proposal by Public Service Co. of North Carolina (the "LDC") to market gas supplies and unused pipeline capacity to large users through a joint venture between its own affiliate and a non-affiliated gas marketer.

The affiliate, PSNC Production Corporation, will own 50% of the new venture. The second venture partner is an unnamed, nonaffiliated marketing company that operates on a nationwide basis.

The joint venture will market gas to the LDC's large customers, as well as to customers of other gas distributors within a specified geographic area as an agent of the LDC. Under the approved joint venture agreements, the LDC is required to purchase all spot market gas requirements from the new marketing company. Re Pub. Serv. Co. of N.C., Dkt. No. G-5, Sub 366, Dec. 3, 1996 (N.C.U.C.).

39

Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.