Keywords

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

Fortnightly Magazine - January 1 1998

Off Peak

WHO HAD THE BEST ANNUAL REPORT COVER in the utility industry in 1997? It's a tough choice. Several covers emerged from the masses of standard-issue, black-type-on-white (or off-white) backgrounds. Which leads us to Public Utilities Fortnightly's first annual report cover "award" for the best of in a variety of untraditional categories.

62

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.

Unbundling: An Excuse for Cost Shifting?

Jim Lundrigan

The article "Risk and Rates for the Regulated Distribution," by Maloney, McCormick, and Tyler (Sept. 1, 1997, p. 26) was interesting. For people with the vested interests of the authors, unbundling offers the golden opportunity of reducing regulated rates without actually having a formal rate decrease. That comes about by shifting on paper as much revenue as possible from the regulated disco to the competitive genco, while of course leaving all the costs with which that revenue is associated within the disco.

Unbundling, Take Two: No Effect on Risk

Michael T. Maloney

Robert Rosenberg in his comment on our paper makes a fundamental error regarding financial risk. (Rosenberg, "Unbundling Capital Costs: It Doesn't Add Up," Nov. 1, 1997, p. 46, responding to Maloney, McCormick, and Tyler, "The Wires Charge: Risk and Rates for the Regulated Distributor," Sept. 1, 1997, p. 26.)

Rosenberg claims that as utilities spin off into separate wires and generating businesses, risk will increase in both lines of business.

Retail Choice: A Race to the Bottom

Gerald A. Norlander

A recent article laments the slow pace of retail competition for residential gas sales in New York ("Blue Flame Blues: Gas Pilots Sputter at Burnertip," Oct. 1, 1997, p. 22). Besides the meager financial incentive for a New York residential customer to switch gas companies, there is another factor contributing to the slow headway being made by gas marketers: The New York Public Service Commission failed to establish a level playing field with just and reasonable terms of sale.

ISOs: A Grid-by-Grid Comparison

James F. Wilson

BY THE START OF 1998, FOUR INDEPENDENT SYSTEM operators already were in operation and conditionally approved: ISO-NE, PJM and California by the FERC and Texas by the state PUC. Three more were either pending before the Federal Energy Regulatory Commission or expected to be filed in the coming months (New York, Midwest and IndeGO in the Northwest). Three additional efforts to develop ISO proposals were under way (DesertSTAR, MAPP and SPP). The Southeast is now the only large region of the contiguous United States without an ISO concept.

Rethinking WEPEX: What's Wrong with Least Cost?

William W. Hogan

AFTER MUCH DISCUSSION AND INNOVATION, CALIFORNIA is scheduled to launch its new electricity market (known as WEPEX) on Jan. 1, 1998, and we have a chance to revisit the issues. In the earlier round of this conversation, now three years past, I argued that the debate contrasting pool and bilateral models for a restructured electricity market was missing the point. %n1%n

I had thought the pool versus bilateral debate would be over by now; having both would have solved it.

PUCs in 1997: Managing the Competition?

Phillip S. Cross

WHETHER YOU CALL IT "DEREGULATION" OR "re-regulation," the promised move to competition does not mean less regulation - at least not any time soon.

Above All, A Name

Bruce W. Radford

NO ONE KNOWS FOR SURE WHEN THE FIRST ISSUE of Public Utilities Fortnightly went to press. Choose any of several dates - 1915, 1921, 1928 or 1929 - and you wouldn't be far off the mark.

The ancestor of the Fortnightly, known as Public Utilities Reports, began printing in 1915 - not as a magazine per se, but as a compilation of the text of early rate orders from public utility commissions. Annotations and commentary first appeared in 1921.

Frontlines

Bruce W. Radford

A SUNDAY AFTERNOON, NOT THREE WEEKS 'TIL CHRISTMAS, and I was holed up at Washington's Mayflower Hotel, attending a workshop (no Santa, no elves) on electric transmission pricing.

I wasn't alone, however. At least 200 others had filled the hotel's East Room near to capacity to hear about such topics as nodes, zones, access charges and load duration curves. The 5th National Electricity Forum, sponsored by the U.S. Department of Energy and the National Association of Regulatory Utility Commissioners, was under way.

People

COMED appointed S. Gary Snodgrass as vice president of human resources for ComEd and its parent company, Unicom Corp.

The board of directors of Bay State Gas Co. elected Debra P. Cornish vice president of culture development. Previously, Cornish held positions as manager, compensation and employee relations, cost analyst and external reporting analyst.

MCN Investment Corp. promoted Joseph L. Roberts Jr. to president from vice president of MCNIC Pipeline & Processing Co. Roberts was also elected to the MCNIC board of directors. He remains vice president of MCNIC Power Co.

Pages