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FERC Approves Two Convergence Combos

Fortnightly Magazine - September 15 1997

generation in that state. The FERC noted that Valero Power Service has been selling power at market-based rates in ERCOT (the Electric Reliability Council of Texas), while its affiliated gas pipeline has been providing gas transportation service to 25 electric generators. Therefore, the potential for affiliate abuse existed before the proposed corporate realignment and would continue to exist without the realignment. But FERC pointed out that no complaints had been lodged. (em LB


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