Become a PUF Member Organization

Fortnightly Magazine - January 1 1996

Nymex Moves on Options Contracts

The New York Mercantile Exchange (NYMEX) has asked the Commodity Futures Trading Commission (CFTC) to approve two applications for electricity options contracts, one based on each of the futures contracts already under consideration by the CFTC. (This past summer, NYMEX applied to offer trading in two electricity futures contracts, one for delivery at the California-Oregon border, and the other for delivery at the Palo Verde switchyard in Arizona.)

Except for delivery location, the terms of the two contracts are identical.

Byline: 
Lori A. Burkhart
Read Entire Article

Moody's Finds Regulatory Change Slow

In its annual report on the U.S. electric industry, Moody's Investors Service has concluded that the average credit rating for the industry will deteriorate from its present 'A3' level to 'Baa1' over the next two to three years.

Byline: 
Lori A. Burkhart
Read Entire Article

Idaho Project Sale of Local Exchanges

Diverging from the position taken by regulators in other states in the region, the Idaho Public Utilities Commission (PUC) has rejected proposals by U S WEST Communications, Inc., a

telephone local exchange carrier, to sell certain local

exchanges to independent telephone companies. It approved, however, a proposal to sell one of U S WEST's exchanges to a telephone cooperative association. Re U S WEST Communications Inc., Case Nos. PRJ-T-94-1; USW-S-94-4, Order No. 26198, Oct. 18, 1995 (Idaho P.U.C.).

Byline: 
Phillip S. Cross
Read Entire Article
V