In aiming to make financial statements more meaningful, will FASB instead make them indecipherable?
By mid-summer, a total of 123 companies had cranked out some 574 pages of comments,...
society is so energy dependent today that we can ill afford the risks of increased brownouts and service restoration delays after storms likely if Consumers First is implemented," said Donald E. Wightman, national president of the UWUA.
Alabama and Arizona. In Alabama a lawsuit was filed in January by a power marketer and two consumer groups claiming that a restructuring law passed last year violates the U.S. Constitution and federal laws (see "Headlines," PUBLIC UTILITIES FORTNIGHTLY, 4/1/97, page 4). Arizona Public Service Co. and Tucson Electric Power Co. have filed separate suits against the Arizona Corporation Commission's December 1996 rules opening Arizona's electric industry to competition (see "Headlines," PUBLIC UTILITIES FORTNIGHTLY, 4/15/97, page 17).
Lori A. Burkhart is an associate legal editor of Public Utilities Fortnightly.
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