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Fortnightly Magazine - November 15 1995

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 The PSC said its staff had withdrawn from ongoing incentive negotiations, citing a "change in emphasis" from specific to broad-based incentives in electric regulation.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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Scientists Support SDG&E in EMF Case

Fourteen scientists, the

American Medical Association, and the California Medical Association have filed briefs with the California Supreme Court stating that they find no link between cancer and electromagnetic fields (EMF) from electric transmission lines: "The physics and cellular biology, combined, strongly indicate that it is not scientifically reasonable to believe that 60 Hz magnetic fields increase the incidence of cancer." The briefs were filed in a case involving San Diego Gas & Electric (SDG&E), which is being sued by the Covalt family, who claim that EMF from power li

Byline: 
Lori A. Burkhart
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N.Y. Finetunes Gas Restructuring

The New York Public Service Commission (PSC) has modified an earlier ruling (Re Restructuring of the Emerging Competitive Natural Gas Market, 158 PUR4th 553 (N.Y.P.S.C. 1994)) that set forth a policy framework to guide the post-Order 636 transition of the state's natural gas distribution industry. The 1994 ruling divided local distribution company (LDC) customers into core and noncore groups, and allowed flexible market-based pricing for unbundled services to the noncore group.

Byline: 
Phillip S. Cross
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