Calendar of Events

Sep 29, 2014 to Oct 03, 2014 | Michigan State University, Lansing MI
Oct 01, 2014 to Oct 03, 2014 | Washington, DC

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LDC Shares in Sale of Property

Phillip S. Cross

The Kansas State Corporation Commission (SCC) has authorized Western Resources, Inc., a local distribution company (LDC), to raise base rates by $33.85 million, but to refund to ratepayers a portion of its gain on the sale of distribution assets sold to a municipality.

Citing guidelines handed down by the state Court of Appeals in a 1980 ruling (5 Kan App.2d 514), the SCC approved a sharing mechanism that allocates ratepayers 44.4 percent of the gain over a one-year period.

Frontlines

Bruce W. Radford

Three weeks ago I traveled to Indianapolis to Speak at the Indiana Energy Conference, a meeting sponsored by the Citizens Action Coalition and a board group from the local gas and electric industries, including a fair number of state government employees. Focusing on issues largely specific to Indiana, that audience gave the meeting a novel perspective: What's a low-cost state to do?

Do you fix it if it ain't broke?

Bureaucrats, Pols Spar on DOE's Future

Joseph F. Schuler, Jr.

Sec. O'Leary says "strategic alignment" is trimming the budget;

GAO remains unsure whether Department is "truly committed."

Department of Energy (DOE) officials and like-minded politicians joined to defend the agency against Senate and House bills that would dismantle the department (em and its $17-billion annual price tag.

On September 4, the Senate Committee on Energy and Natural Resources conducted hearings on S. 1678, The Department of Energy Abolishment Act.

People

Christopher M. Coburn and Charles William Burton were confirmed by the U.S. Senate as directors of the U.S. Enrichment Corp. Both will serve five-year terms. Coburn is v.p. of the Technology Partnership Practice for Battelle Memorial Institute. Burton, an attorney, is of counsel to Jones, Day, Reavis & Pogue.

Northern Indiana Public Service Co. promoted Dorothy M. Hawkins to information technology director. Kennan J. Walsh, senior rate specialist, was promoted to senior (electric) regulatory specialist. Gregory A.

A Round Robin of Residential Unbundling

Joseph F. Schuler, Jr.

Whether you're a utility commissioner in Wyoming or Georgia, a v.p. for a leading marketer, or a commission division director in New Jersey, you share a common activity: learning by the seat of your pants about deregulating gas markets. In this gas forum, PUBLIC UTILITIES FORTNIGHTLY highlights developments across the nation.

Fitch Evaluates NY's Electric Future

Lori A. Burkhart

Citing the ongoing Competitive Opportunities Proceeding as well as recent public statements by New York Public Service Commission (PSC) chairman John O'Mara, Fitch Investors' Service predicts that New York will aggressively approach electric industry restructuring.

Fitch believes electric utility bondholders could be adversely affected by PSC policies that order less than full stranded-cost compensation, establish penalties to force disaggregation, or provide bailouts that transform weak companies into strong competitors.

Natural Gas Combo to Serve One Million

Lori A. Burkhart

Atmos Energy Corp. and United Cities Gas Co. have announced an agreement to merge in a share-for-share exchange of common stock.

Atmos distributes natural gas to about 673,000 customers through its operating subsidiaries, Energas Co., Greeley Gas Co., Trans Louisiana Gas Co., and Western Kentucky Gas Co. United Cities distributes gas to about 310,000 customers, operates gas storage facilities, and distributes propane to 25,000 customers.

Ratepayers to Bear Above-Market QF Rates

Phillip S. Cross

The New Jersey Board of Public Utilities (BPU) has rejected a proposal to disallow from rates "potentially stranded costs" incurred by Atlantic City Electric Co., an electric utility, under several "above-market" purchased power contracts executed with qualifying cogeneration facilities (QFs) in the late 1980s.

Financial News


SELECTED ENERGY STOCK PERFORMANCE: SECOND QUARTER 1996

SEPTEMBER 01, 1996

FERC Sets Merger Hearings

Lori A. Burkhart

The Federal Energy Regulatory Commission (FERC) has set for hearing the proposed merger of Public Service Co. of Colorado (PSCC) with Southwestern Public Service Co. (SPS), directing that an initial decision be issued by January 31, 1997 (Docket No. EC96-2-000).

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