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

Keywords

Public Utilities Reports

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PEPCO

People

Marc W. Chupka, former special assistant to Energy Secretary Hazel R. O'Leary, has been promoted to acting assistant secretary for policy. He replaces Dan Reicher, now O'Leary's chief of staff. Melanie A. Kenderline was appointed deputy assistant secretary for House liaison in the office of congressional, public, and intergovernmental affairs.

MidCon Corp.'s president and CEO, John F. Riordan, was elected chair of the Gas Research Institute, succeeding Thomas L. Fisher of Northern Illinois Gas Co.

People

Peter C. Nelson was named president and CEO of California Water Service Co. Nelson also will be a director. He comes from Pacific Gas & Electric Co., where he was v.p.-division operations. He replaces the retiring Donald L. Houck.

Jack Lucido of ANR Pipeline Co. was elected to the American Gas Association's pipeline research committee, succeeding Gary Walker of Pacific Transmission Co.

The Electric Power Research Institute hired Karl G. Van Orsdol as senior manager, international relations.

BG&E, PEPCO Join Forces

Lori A. Burkhart

Baltimore Gas and Electric Co. (BG&E) on September 25 announced that it would acquire Potomac Electric Power Co. (PEPCO) for $2.9 billion, creating an as-yet unnamed company with assets exceeding $15 billion, and annual revenues of about $5 billion. The new company will be one of the 10 largest electric utilities in the nation, with 1.8 million electric customers and 530,000 natural gas customers.

BG&E shareholders will receive one share of stock in the new utility for each share of common stock. PEPCO stockholders will receive .997 share for each share.

D.C. Rejects DSM Plan to Recover Lost Revenues

Phillip S. Cross

The District of Columbia Public Service Commission (PSC) has rejected a proposal by Potomac Electric Power Co. calling for rate recovery of lost revenues associated with demand-side management (DSM) activities.

Tilting Toward Telephony: How Electric and Gas Companies Can Leverage Their Systems for a Changing Market

Andrew C. Barrett

The structure of the utility and telecommunications industries has changed significantly since I began my role as a regulator 15 years ago. Technological developments and a competitive environment, as opposed to regulation, have provided the major catalyst for change. As a result, utility companies, which have historically enjoyed the favor of Wall Street investors, will soon face unprecedented revenue growth problems.

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