A line-by-line case study of two high-priced portfolios, comparing fixed, variable and capital costs against forecasts of regional market prices.
A multi-billion-dollar wave of utility...
Sound bites from state and federal regulators.
Gas Curtailment. New York PSC approves updated curtailment and interruption tariffs for many of the state's natural gas local distribution companies. It had asked the LDCs to develop new rules to reflect growing competition and ensure gas deliveries for core customers during a supply crunch. Case 93-G-0932, March 24, 1997 (N.Y.P.S.C.).
T & D Classification. New York PSC opens proceeding to distinguish between electric transmission and distribution facilities. The move will help the PSC develop cost-based, unbundled, open-access distribution tariffs for customers who want to wheel power. Data also should allow the FERC to move more quickly to establish an independent system operator. Case 97-E-0251, March 14, 1997 (N.Y.P.S.C.).
Adjustment Clause Rules. Connecticut updates rules for automatic adjustment clauses for natural gas LDCs. New rules add both producer reservation fees and gross receipt's taxes to the list of components already included as "cost of gas" under old regs. Docket No. 96-01-28, March 26, 1997 (Conn.D.P.U.C.).
Promotional Space Heating. Regulators OK Maine Public Service Co.'s special promotional rate for residential customers who install electric space heating equipment. The utility will guarantee new customers a rate of 7.5 cents per kWh for all energy usage above 600 kWh during the heating season through the end of 1999. Customers currently pay nearly 14 cents per kWh. Docket No. 97-801, March 25, 1997 (Maine P.U.C.).
Commercial Electric Rates. Vermont regulators allow Central Vermont Public Service Corp. on an interim basis to bill short-term rental residential properties under its commercial/residential tariffs. The utility said that the intermittent use of such dwellings left some fixed costs unrecovered when usage was billed on a watt-hour basis. Docket No. 5835, March 17, 1997 (Vt.P.S.B.).
Surge Suppression. Central Maine Power Co. may provide surge suppression equipment to its electric customers as a competitive "noncore" service, without filling notice of terms and conditions of service at the state public service commission. Docket No. 96-785, March 6, 1997 (Maine P.U.C.).
Residential Unbundling. New Jersey board allows Public Service Electric and Gas Co. to implement an experimental residential service unbundling program for gas customers and to modify and continue its existing unbundling pilot for commercial and industrial customers. Docket No. GT960800619, April 21, 1997 (N.J.B.P.U.). Et
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