Calendar of Events

Apr 28, 2014 | New York, NY
May 05, 2014 to May 08, 2014 | Las Vegas, Nevada

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Public Utilities Reports

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Federal Energy Regulatory Commission

Moody's Frowns at Stranded Costs

Lori A. Burkhart

A recent report by Moody's Investors Service, Stranded Costs Will Threaten Credit Quality of U.S. Electrics, estimates total stranded costs for

investor-owned electrics at $50 to $300 billion, depending on market-price assumptions. The most likely scenario would produce about $135 billion in stranded costs, compared to present total industry equity of about $165 billion and total assets of $570 billion.

Frontlines

Bruce W. Radford

On the morning after Labor Day, back from one last beach fling, Wall Street Journal assistant features editor Max Boot published an editorial castigating California Gov. Pete Wilson for his alleged failure to "take a stand" on electric deregulation in the Golden State ("California's Governor isn't Plugged into Deregulation Debate," Sept. 5, 1995, p. A15). "There's a leadership vacuum here," writes Boot. "Governor Wilson is partly responsible for the problem ... he appointed Mr. Fessler and the other PUC members.

Aggregating Municipal Loads: The Future is Today

Kevin W. O'Donnell

The debate today in many state capitals is whether electric restructuring will help or hurt the residential and small commercial customer.

Proponents of wholesale and retail wheeling foresee a positive result. They claim that residential and small commercial electric consumers stand to gain as much from competition in electric generation as do large industrial customers with high load factors.

Collision or Coexistence: The FERC, the CPUC, and Electric Restructuring

Sheila S. Hollis and Stephen L. Teichler

Will the Crown accept the olive branch offered by its colony, or will conflict ensue? That was the question posed on July 13 by Thomas Page, CEO of San Diego Gas and Electric Co., at the "Western States Workshop on California Restructuring," the first industrywide meeting to discuss the policy proposals issued six weeks before by the California Public Utilities Commission (CPUC).The Crown sent its emissaries.

Transwestern Settlement Shares Risk

Lori A. Burkhart

The Federal Energy Regulatory Commission (FERC) has approved a settlement involving Transwestern Pipeline Co. (TP) that puts both the pipeline and its customers at risk for relinquished pipeline capacity, and ties future rate increase to inflation. The settlement puts TP and its customers at risk for the 457 million cubic feet per day (Mmcf/day) of capacity that Southern California Gas Co. (SCG) will give up starting November 1, 1996. Firm customers will provide a short-term subsidy through a cost-sharing formula for the first five years.

Power Marketers Get Relaxed Reporting Requirements

Lori A. Burkhart

The Federal Energy Regulatory Commission (FERC) has freed power marketers from reporting business and financial arrangements involving those who buy, sell, and transmit power (Docket Nos. ER94-1384-001, et al.).A November 8, 1994, order had required power marketers, as a condition of market-based rate approval, to report business and financial arrangements involving the marketer (or an affiliate of the marketer) and the entities that buy power from, sell power to, or transmit power on behalf of the marketer (69 FERC at 61,694).

RTGs Make Progress

Lori A. Burkhart

The Southwest Regional Transmission Association (SWRTA) has filed amended bylaws with the Federal Energy Regulatory Commission (FERC), incorporating two FERC conditions: 1) comparable transmission service, and 2) a single regional transmission plan. To achieve comparability, each transmitting member subject to FERC jurisdiction under sections 205 and 206 of the Federal Power Act will file comparable transmission service tariffs with the FERC.

FERC Creates Companion to NOPR

Lori A. Burkhart

The Federal Energy Regulatory Commission (FERC) has issued a companion order to its open-access Notice of Proposed Rulemaking (Docket No. ER93-540-003). The new order offers guidelines for presiding judges and participants in pending open-access cases that concern public utilities' offers of nondiscriminatory services.

FERC Flipflops on Great Lakes Case

Steven R. Weiss

Does it make good business sense to offer a service that brings in considerable revenue but virtually no profit?

In the past, special circumstances explained why local distribution companies (LDCs) sold natural gas to customers without earning a profit. But circumstances have changed.

Perspective

Steven R. Weiss

Does it make good business sense to offer a service that brings in considerable revenue but virtually no profit?

In the past, special circumstances explained why local distribution companies (LDCs) sold natural gas to customers without earning a profit. But circumstances have changed.

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