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Fortnightly Magazine - November 15 1995

N.D. Begins Incentive Regulation Exercise

The North Dakota Public Service Commission (PSC) has decided to consider different types of regulation for electric utilities and has issued a set of criteria to guide interested parties in formulating specific proposals for experimental programs. In a separate statement, however, Commissioner Leo M. Reinbold warned against making too much of the decision.

All proposals must promote increased utility efficiency and flexibility in meeting customer needs while allowing customers and shareholders to share in any benefits.

Byline: 
Phillip S. Cross
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Idaho Power Seeks ADITC Tie-In

Idaho Power (IP) has filed a notice of settlement with the Idaho Public Utilities Commission (PUC), its first step toward gaining approval to accelerate amortization of accumulated deferred investment tax credits (ADITC) when year-end return on equity (ROE) falls below 11.5 percent. If the PUC agrees, the agreement would remain in effect from 1995 through 1999.

Byline: 
Lori A. Burkhart
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Electric Price Caps for Edison Sault

The Michigan Public Service Commission (PSC) has approved a price-cap electric regulation plan for Edison Sault Electric Co. Edison will cap base rates at existing levels, roll its existing power-supply cost-recovery (PSCR) factor into base rates, and suspend the PSCR clause prospectively. The utility will then be authorized to change initial rates upon 30 days' written notice to the PSC, as long as the altered rates for each class do not exceed initial rates.

Byline: 
Phillip S. Cross
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Yanks Give Up in England

Texas Energy Partners plc (TEP), formed by Central and South West Corp. and Houston Industries, Inc. (HIE) to acquire a British electric distribution company, NORWEB plc, has given up the takeover attempt.TEP had made a $2.7-billion friendly acquisition offer for NORWEB, which serves about 2 million customers in northwestern England. The offering followed the successful acquisition of a British retail system, South Western Electricity (SWEB), by a U.S.

Byline: 
Lori A. Burkhart
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Nine Mile 2 Loses Out on Performance Incentive

The New York Public Service Commission (PSC) has canceled efforts to develop a performance incentive mechanism for costs associated with the Nine Mile 2 nuclear power plant. The efforts stemmed from a 1993 settlement that determined recoverable plant operation and maintenance costs. The PSC said its staff had withdrawn from ongoing incentive negotiations, citing a "change in emphasis" from specific to broad-based incentives in electric regulation.

Byline: 
Phillip S. Cross
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