Calendar of Events

Sep 08, 2014 to Sep 10, 2014 | Chicago, IL
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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Public Utilities Reports

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Federal Energy Regulatory Commission

Financial News

Leonard S. Hyman

At Addison Mizner's pink fantasy on a Spanish theme, the Boca Raton Resort, the Edison Electric Institute (EEI) waited for Godot. Yes, that was the theme of EEI's 30th financial conference, and its first plunge into literature. You may remember the play, in which two hobos talk endlessly while waiting for the mysterious Godot, who has not yet arrived by the final curtain. In the same way, electric utilities and those who invest in them have been awaiting the advent of restructuring, the California remake of the industry, retail wheeling somewhere, and the wipeout of stranded assets.

FERC Upholds N.J. QF Procedures

Lori A. Burkhart

The Federal Energy Regulatory Commission (FERC) has denied a Jersey Central Power & Light Co. (JCPL) request that it invalidate the procedures used by the New Jersey Board of Public Utilities (BPU) to implement the Public Utility Regulatory Policies Act of 1978 (PURPA) (Docket No. EL95-36-000).

JCPL claimed that state procedures required it to enter into a purchase agreement with a qualifying facility, Freehold Cogeneration Associates, L.P., for 100 megawatts of power at rates that exceeded JCPL's avoided cost at the time of contract execution and approval.

FERC Urges Flexibility on Natural Gas Decontracting

Lori A. Burkhart

A new Federal Energy Regulatory Commission (FERC) order in the restructuring proceeding for Natural Gas Pipeline Co. of America (NGP) suggests how the Commission will handle evolving issues in natural gas decontracting (Docket Nos. RP95-326-000).

NGP had asked to implement its compliance rates for new services in conjunction with a deferred-cost mechanism, allowing it to defer collection of revenue shortfall it allegedly would experience under those rates.

GISB Meeting Brings Promise, Compromise, Light Reprimand

Joseph F. Schuler, Jr.

The Gas Industry Standards Board (GISB) has extended its lifespan and broadened its scope to tighten business practices and improve electronic transactions.

At its first-ever annual meeting, held in Baltimore, MD, GISB also was gently chided and commended by James J. Hoecker of the Federal Energy Regulatory Commission (FERC): "I submit to you that GISB must not, in an attempt to please everyone, set standards at the lowest common denominator.

Perspective

Robert S. Fleishman

Almost everyone in America has heard of Cal Ripken, Jr. But have you ever wondered what you and the utility industry have in common with him?There are at least three things. Let me tell you how I know.

On September 6, 1995, Cal Ripken broke Lou Gehrig's record of 2,130 consecutive baseball games played. I was privileged to attend that special game at Oriole Park at Camden Yards with my son Michael.

Industrials Force BPA Discount

Lori A. Burkhart

Fifteen aluminum and chemical companies in the Northwest have joined together under the name "Direct Service Industries Inc." (DSI). Together, the 15 companies account for about 30 percent of BPA sales (3,000 megawatts (Mw)). Seven of them have forced the Bonneville Power Administration (BPA) to negotiate a cut-rate electric supply

contract, although the Federal Energy Regulatory Commission has yet to approve the new rates. These companies will now take 75 percent of their total requirements from BPA (about 1,300 Mw).

Frontlines

Bruce W. Radford

John Anderson is jumping out of his shoes. And his socks, too. His group, the Electricity Consumers Resource Council (ELCON, where Anderson serves as executive director) may at last get its way.During a few weeks in October, a good half-dozen energy industry players (em including utilities and regulators (em came out in favor of customer choice for electric and gas service.

PoolCo and Market Dominance

Randall J. Falkenberg

Imagine if the airlines had followed a utility model when they deregulated back in 1978.You and five other planeloads show up at the airport to catch a flight to Chicago. Every few hours the airport operator holds an auction for the next hour's Chicago flights. Delta offers two new 767's at $200 per ticket. U.S. Air bids one 737 at $300. American has six

DC-9's and bids each one at $1,000 per head. When the auction ends, Delta and U.S. Air fill their planes.

NEPOOL Goes for Marketers, Brokers

Lori A. Burkhart

The New England Power Pool (NEPOOL) has filed an amendment to its agreement with the Federal Energy Regulatory Commission (FERC), seeking to open the power pool's membership to power marketers and brokers involved in the wholesale power business. Prior to the amendment, only electric utilities with retail customers, their affiliates, and independent power producers were eligible for membership. According to Frank Sabatino, chairman of NEPOOL's executive committee, the action is a significant first step in redefining NEPOOL's role in the increasingly competitive bulk-power market.

FERC Eases Gas Reporting Burden

Lori A. Burkhart

The Federal Energy Regulatory Commission (FERC) has issued two final rules that seek to reduce the filing burden on the natural gas industry. One simplifies the Uniform System of Accounts and the FERC's reporting requirements (Docket No. RM95-4-000). The other simplifies the filing requirements for making rate and tariff changes under Part 154 of the regulations (Docket No. RM95-3-000).

The rules recognize that most interstate pipelines now serve as transporters rather than as merchants.

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