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News Digest

Fortnightly Magazine - July 15 2001

avoided costs for setting prices for power purchases from QFs in a way that reflects the current market prices (based on a hypothetical proxy plant- either a simple-cycle gas turbine peaking plant, or a base-load combined-cycle turbine), and also the specific time intervals that would be required to construct new peaking and base-load power plants. .- L.A.B.

Billing Practices. New York took recommendations on business practices for retail energy services submitted jointly by the Edison Electric Institute, the Coalition for Uniform Business Rules, the National Energy Marketers Assoc., and the Electric Power Supply Assoc., and on reviewing comments, adopted a new section for its Uniform Business Practices (UBI) addressing billing and payment practices, based on a "multi-retailer" model, to be effective when the new electronic data interchange (EDI) protocols for bill and payment processing become operational (), presumably by the end of the year. .- L.A.B.

Studies & Reports

LNG Growth. The market for liquefied natural gas should double in size in the next 10 years, according to a new study, "Global LNG Trade," by Emerging Markets Online.

Many factors combine today to boost LNG growth, the report says, including increased competition in LNG trade, and ever-rising demand for natural gas, falling costs of LNG supply and shipping, and rising demand from gas-fired power plants. See http://www.emerging-markets.com/LNGtrade.- C.J.L.

Merchant Power Profits. The Consumer Federation of America released a statistical case for a windfall profits tax for merchant power producers, describing the increase in California's electricity bill (October 2000 thru April 2001) as higher in nominal dollars ($25 billion in a $1.3 trillion state economy) than the nation's total oil import bill for the 12 months after the fall of the Shah of Iran in the late 1970s ($23 billion in a $2.8 trillion national economy).

The CFA praised California as one of the nation's most efficient in electricity consumption (using less than 50 percent as much power per dollar of economic output), and said if the rest of the country were as efficient, "we would only need the equivalent of 500 new power plants, instead of the 1300 that Vice President Cheney has talked about."- B.W.R.

Business Wire

Anticipating summertime supply shortages , Sacramento Municipal Utility District and the City of Roseville will implement load curtailment programs using ABB Energy Interactive Inc.'s Energy Profiler Online as a communications gateway and administration tool. Taking advantage of California Energy Commission funding, the two utilities settled on ABB's EPO to manage the programs.

Duke Energy has petitioned the Nuclear Regulatory Commission to renew the operating licenses for the McGuire and Catawba nuclear stations. License renewals would enable the two power plants to produce electricity for North Carolina and South Carolina into the 2040s. Nuclear plants provided half of all the electricity used by Duke Energy's two million customers in the Piedmont section of North Carolina and South Carolina last year.

Element Reinsurance Ltd. , a provider of weather risk management products, has completed its first international transaction with German utility Elektrizitätswerk Dahlenburg AG . The deal is one of the first to help to protect