ELECTRIC RETAIL PRICES. The Energy Information Administration has released a new report finding that the average retail price of electricity has declined for the third...
in the House, in favor of a bill only requiring utilities to unbundle their costs of service on electric bills.
LOU L. PAI, Chairman and CEO of Enron Energy Services said
Enron plans to make "PECO-type" offers to other investor-owned utilities in the future. He promised that these offers would be made on a "more friendly basis," however. (Enron had asked the Pennsylvania PUC to allow it to become the provider of last resort to PECO's customers.) Pai predicted that Pennsylvania could become an energy hub because well-written legislation will attract businesses. The company announced plans to make major investments in the state. On the other hand, Pai pronounced that the California Independent System Operator and Power Exchange system "doesn't work¼ We see a humor in this."
CNG Energy Services Corp. and Cendant Corp. have agreed to jointly make available CompleteHome to CNG customers. The companies will offer CompleteHome service, one of Cendant's energy advantage programs, to more than 1.5 million CNG customers. The CompleteHome membership program offers discounts of 10 to 50 percent on the purchase of more than 100,000 name-brand home products from manufacturers such as GE, Black & Decker, Sony and Maytag and home service companies such as True Value, Merry Maids, Chem Dry, Terminix and TruGreen-Chemlawn.
CellNet Data Systems Inc. and DukeSolutions, a subsidiary of Duke Energy, announced a contract under which CellNet will provide data communications services to DukeSolutions and Duke Energy Trading and Marketing customers over its new California network. The contract also includes an option to expand service coverage to any additional networks CellNet may build in other states. The agreement with DukeSolutions is Cellnet's fifth agreement with a major ESP to provide data communications services over its new California network.
News digest is compiled by Lori A. Burkhart and Phillip S. Cross, contributing legal editors, and by Beth Lewis, editorial assistant.
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