In union circles, they call it "burial insurance." That apt phrase denotes the severance, early retirement and re-training packages negotiated for veteran utility workers sideswiped by a changing...
complete tariffed billing services to energy customers for three years. Case Nos. 94-e-0952 et al., March 3, 1998 (N.Y.P.S.C.).
CONSUMER PROTECTION. The Pennsylvania PUC issued proposed guidelines governing information that competitive suppliers must provide to customers concerning operational or other changes which might affect service. The PUC said that during utility pilot programs, consumers had complained that competitive suppliers had slammed customers or had refused to serve additional customers of the same class and type that the supplier already served. Docket No. m-00960890-f.0013, March 12, 1998 (Pa.P.U.C.).
STRANDED COSTS. The Pennsylvania Public Utility Commission tentatively authorized $2.9 billion in stranded cost recovery over 8.5 years for Pennsylvania Power & Light Co. The utility had requested $4.04 billion. A final decision was expected June 4. Docket No. r-00973954, May 14, 1998 (Pa. P.U.C.).
ELECTRIC RELIABILITY. The Wisconsin Public Service Commission on April 7 approved a $91-million replacement of steam generators at Kewaunee nuclear power plant, citing need for increased reliability of the state's electric supply system. The PSC found that steam generator replacement would reduce risk of unplanned, lengthy outages affecting customers served by the plant's owners - Wisconsin Public Service Corp., Wisconsin Power & Light, and Madison Gas and Electric - which had disagreed over whether the steam generators needed replacement.
MILLSTONE NUCLEAR PLANTS. The Connecticut Department of Utility Control removed the Millstone Unit 2 nuclear plant from the rate base of Connecticut Light and Power Co. The DPUC also will take the Millstone Unit 3 from the rate base if not returned to commercial operation by July 1. The utility will lose its 9.17 percent return on $410 million in net rate base associated with Millstone Unit 2 for a net decrease of $37.7 million in annual revenue requirement. Docket No. 92-11-11, April 29, 1998.
CONSOLIDATED NATURAL GAS CO. announced April 21 that it will exit the business of wholesale marketing and trading of natural gas and electricity, including integrated energy management. CNG said the cost of exiting energy marketing and trading will produce a pretax charge against first-quarter 1998 earnings of between $55 million to $75 million. CNG will close offices in Pittsburgh and Norwalk, Conn., and will layoff 125 employees. According to George A. Davidson Jr., CNG chairman and CEO, the utility will concentrate on the retail side of the natural gas business.
Edison Mission Energy has obtained $400 million in support from the U.S. Overseas Private Investment Corp. for two projects in Thailand. The Kui Buri project, a 734-megawatt coal plant that will use low-sulfur coal from Indonesia, received a pledge of $200 million. Tri-Energy, a 700-megawatt gas-fired power plant, also received a $200-million pledge.
Dominion Energy sold its 50-percent ownership in Texas Cogeneration Co. to Calpine Corp. for $109.5 million. Dominion Energy, through Texas Cogeneration, owned 50 percent of two natural gas-fired, combined-cycle cogeneration units in Texas and a 3.5-percent interest in a natural-gas fired facility in New Jersey. Dominion
Energy received $52.75 million at closing.
Georgia Transmission Corp. announced a three-year, $100,000 grant to pilot a transmission line right-of-way management program that promotes wildlife