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Fortnightly Magazine - March 1 1997

as conservation, load building, and so on, is important ... For example, the promotion of an electric heat pump can and should be treated as part of a conservation program if the device is installed in lieu of a less-efficient electric resistance heater. If the incentive induces the installation of an electric heat pump instead of gas space heating, however, the program needs to be considered and evaluated as a fuel substitution program."

7. Gas-Electric Mergers. Mr. Rosenstock is astute. In all probability, when a natural gas utility merges with an electric utility, the electric utility will emerge as the dominant force. With electrification generally more profitable for a combined utility than gasification, both utilities in such a merger are culpable if energy consumers loose choices between major competitive end-use alternatives.

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