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

Special Report

Fortnightly Magazine - July 1 1997


Power purchase contracts make up $42 billion of the total with utility purchases, many made well above market, topping $53 billion. Of that amount, cooperatives purchase $20 billion.

McMahan says utilities want a regulatory system designed for administrative simplicity. "I was just speaking to someone from Pacific Gas & Electric who told me since the California law was passed, he now has 10 people dedicated full time to the stranded cost issue and they're making on the order of one filing a day."

Small shareholders own 62 percent of electric utility stock, according to the testimony. In addition, some 81 percent of utility investors are retired, 75 percent have owned the stock for at least 10 years and more than 40 percent have annual incomes of less than $40,000.

Joseph F. Schuler is associate editor of PUBLIC UTILITIES FORTNIGHTLY. E-mail:


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.