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Fortnightly Magazine - July 15 1995

Financial News

The California Public Utilities

Commission (CPUC) moved a tortured step closer to deciding how it will reform its regulation of the

state's electric utilities when it

adopted a Proposed Policy Decision in its proceeding on competition by a 3-to-1 vote on May 24. The Proposed Decision retreats from the free-market approach the CPUC took when it presented its "Blue Book" proposal in April 1994.

Byline: 
Charles M. Studness
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Massachusetts Calls for Retail, Wholesale Competition

Massachusetts Gov. William Weld and Lt. Gov. Paul Cellucci have filed a proposal with the Massachusetts Department of Public Utilities (DPU) that would require all Massachusetts electric utilities to develop deregulation plans by the end of 1995.

In the proposal, the Massachusetts Division of Energy Resources (DOER) asks the DPU to issue a June 16 restructuring timetable that schedules a final order around August 1.

Byline: 
Lori A. Burkhart
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Penn. Fights for Gas Incentive Regulation

The Pennsylvania Public Utility Commission (PUC) has reaffirmed earlier rulings establishing performance-based rate mechanisms for Columbia Gas of Pennsylvania, Inc., citing its authority to implement modified versions of a capacity-release sharing mechanism and an incentive mechanism for purchased gas costs.

Byline: 
Phillip S. Cross
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