Calendar of Events

Apr 28, 2014 | New York, NY
May 05, 2014 to May 08, 2014 | Las Vegas, Nevada
May 05, 2014 to May 09, 2014 | San Antonio, TX

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Public Utilities Reports

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Transmission or Distribution? Reengineering Cost-of-Service Studies for the Emerging Competitive Market

John S. Ferguson

Why will cost-of-service studies continue to prove useful in a competitive market?

Cost is one of more than a dozen factors to consider in setting prices, whether in a regulated environment or a competitive regime. However, the relative significance of these factors will change under competition, when understanding the true cost of an individual service will actually become more important than under regulation.

Looking for a Market Rate

Joseph F. Schuler, Jr.

Looking for a Market Rate:

Anchor Glass Tries to Shake JCP&L Stranglehold

By Joseph F. Schuler, Jr.

Why assume that a city or town

can't run a power plant?

It wasn't a demand for a $2-million rate cut. It was a request for a rate in line with neighboring New Jersey utilities.

That's how Walter J.

USEC Privatization Moves Forward

Lori A. Burkhart

The United States Enrichment Corp. (USEC), after consulting with the U.S. Treasury Department, has selected investment bankers for its proposed privatization. The Energy Policy Act of 1992 called for USEC to prepare two paths to privatization: an IPO and a negotiated mergers and acquisition transaction with a third party. USEC supplies 86 percent of the domestic uranium enrichment market, and 37 percent of the world market.

Based on competitive bidding, Morgan Stanley & Co., Inc. has been chosen as transaction manager.

Laissez Ies Bons Temps Rouler: NARUC's 107th Convention

Joseph F. Schuler, Jr.

Change was the operative word this year in New Orleans at the annual gathering the National Association of Regulatory Utility Commissioners. Bob Anderson, Montana commissioner and outgoing president of NARUC, cited global competitiveness, technology and a political swing toward state's rights in his opening address. "State commissions have to respond to these powerful forces," he warned.

Columbia Gas Reorganization Approved

Lori A. Burkhart

The Chapter 11 reorganization plans for The Columbia Gas System, Inc. (CGS) and Columbia Gas Transmission Corp., its principal pipeline subsidiary, were confirmed on November 15 by U.S. Bankruptcy Court Judge Helen Balick. The reorganization plans call for a distribution of about $2.3 billion to pay debt owed by the corporation prior to its Chapter 11 filing, plus another $1.1 billion in interest on that debt. According to CGS chairman Oliver G.

Give No Credence to Lemons! Some Lessons in Market Research

James A. Montanye

Theory and experience teach that commercial market research

can be of very poor quality. What does that mean

for regulators and utility managers?

How can regulators and utility managers know whether and to what extent to trust commercially prepared market research?

N.C. Tightens Rules on Utility Promotional Programs

Phillip S. Cross

The North Carolina Utilities Commission (NCUC) has adopted a new set of guidelines to help settle disputes between electric and gas utilities over utility-sponsored promotional programs. It also established a rule for evaluating proposed incentive programs, approving a new food-service rate program designed by Duke Power Co. to encourage the installation of electric food preparation equipment in commercial kitchens.

Financial News

Charles M. Studness

When Niagara Mohawk Power Corp. announced its competitive restructuring plan on October 6, 1995, it broke ranks with what had been a curiously united front against competition. The opposition had learned to genuflect before the altar of competition, but then fight doggedly to keep markets closed. This united front had implied that competition would produce largely the same impact on all utilities, but that is not true. Competition offers lucrative long-term opportunities for some utilities and potential disaster for others.

Coalition Seeks DOE Action on Nuclear Waste

Lori A. Burkhart

The U.S. Department of Energy (DOE) has settled its lawsuit with the State of Idaho, clearing the way to resume shipments of radioactive waste from Navy ships to a DOE storage site in Idaho. DOE will pay Idaho $350 million and has promised to remove the Navy's spent fuel from the Idaho storage site by 2035 or face a $60,000-a-day penalty.

Perspective

Leonard S. Greenberger

One of my first assignments when I was a reporter for this magazine was a story on the flap over the Environmental Protection Agency's 1990 draft report on electromagnetic fields (EMF).

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