Fortnightly Magazine - November 15 1995

NEPOOL Goes for Marketers, Brokers

The New England Power Pool (NEPOOL) has filed an amendment to its agreement with the Federal Energy Regulatory Commission (FERC), seeking to open the power pool's membership to power marketers and brokers involved in the wholesale power business. Prior to the amendment, only electric utilities with retail customers, their affiliates, and independent power producers were eligible for membership. According to Frank Sabatino, chairman of NEPOOL's executive committee, the action is a significant first step in redefining NEPOOL's role in the increasingly competitive bulk-power market.

Byline: 
Lori A. Burkhart
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People

MidCon Corp. named Dennis M. Lawler power marketing v.p. in its MidCon Power Services Corp. unit. Lawler comes from Consolidated Natural Gas Co.

In a promotion, Mark Kugelman will manage account sales for Parker Hannifin Corp.'s Power Distribution Group.

The American Gas Association (A.G.A.) elected chairmen for its financial and administrative, operating, marketing and legal sections: Bruce R. Debolt, senior v.p. and CFO of Northwest Natural Gas Co.; Frederick L.

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Financial News

Annual Annual EPS

Close Close Percent 52-Wk 52-Wk Div Div Book P/E Last

Company Region 06/30/95 10/02/95 Change High Low Rate Yield Value Ratio 12 Mos.Electric UtilitiesAEP Company Inc. Midwest 35.13 36.13 2.85 36.50 30.50 2.40 6.64 22.68 14 2.63

Unicom Corp.

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Trends

Over the past four months, Resource Data International (RDI) has been analyzing Continuous Emission Monitoring System (CEMS) data collected by the Environmental Protection Association (EPA) under Title IV of the Clean Air Act Amendments of 1990 (CAAA). Title IV requires electric utilities to reduce emissions of sulfur dioxide (SO2) and nitrogen oxide (NOx) (em precursors to acid rain.
Byline: 
Todd A. Myers, and Pamela Custode
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The Color of Just Compensation

Government agencies sometimes condemn privately owned operating utilities for their own use. Water companies, landfills, hydroelectric plants, and transportation lines are examples.

But these cases pose a problem: How to measure "just compensation," especially when regulators set the rates charged (and profits earned) by a privately owned utility at artificially low levels, even when the commodity is scarce and the need for the service high.

Byline: 
William D. Grand
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