Become a PUF Member Organization

Fortnightly Magazine - January 1 1996

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

NYSEG Proposes Price-cap Plan

New York State Electric & Gas Corp (NYSEG) and related parties have agreed to a settlement that would freeze natural gas prices for nearly three years, from December 1, 1995, until July 31, 1998. NYSEG would eliminate the gas adjustment and weather normalization clauses, and establish a service-quality incentive, setting earnings, rewards, or penalties based on performance.

Byline: 
Lori A. Burkhart
Read Entire Article

N.Y. High Court Affirms Royalty Revenue Adjustments

The New York Court of Appeals, affirming a lower court ruling (Rochester Telephone Corp. et al. v. New York Public Service Commission, 201 A.D.2d 31, 155 PUR4th 511 (N.Y.App.Div.)), has upheld the authority of state regulators to use a "royalty" to reduce rates for services provided by local exchange carriers (LECs). The royalty was designed by the New York Public Service Commission (PSC) to compensate ratepayers for transfers of

intangible assets to unregulated subsidiaries.

Byline: 
Phillip S. Cross
Read Entire Article
V