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Fortnightly Magazine - August 1996

Keneteck Windpower Files Chapter 11

Kenetech Windpower (KW), a subsidiary of Kenetech Corp., on May 29 filed a voluntary petition of reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of California. Parent corporation Kenetech does not intend to seek bankruptcy relief, nor cause any of its subsidiaries not directly engaged in the windpower business to seek such relief.

Byline: 
Lori A. Burkhart
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States Promote Local Telephone Competition

The Iowa Utilities Board (IUB) has set rates and terms for unbundled interconnection services that U S WEST Communications, Inc., a local exchange carrier (LEC), must provide to other carriers seeking to provide competitive local service. The IUB ruled that U S WEST must use the Total Service Long Run Incremental Cost method to set prices for the use of its facilities. It also ruled that the LEC may include "an appropriate markup" in the rates as well as a contribution to shared and common costs of the local loop.

Byline: 
Phillip S. Cross
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Puget Power's Plans Depend on Merger

Puget Sound Power & Light Co. (PSPL) has asked the Washington Utilities and Transportation Commission (UTC) to approve a plan that would allow large customers to access electricity at market cost, and all customers to choose their electric suppliers within five years. The proposal is contingent upon approval of PSPL's proposed merger with Washington Energy Co.

Byline: 
Lori A. Burkhart
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Indiana on Water Utility Mergers

The Indiana Utility Regulatory Commission (URC) has adopted a new ratemaking policy for mergers involving water utilities: The URC will first look at the fair value of the acquired utility, as determined in its most recent rate case, to determine the reasonableness of the purchase price.

Byline: 
Phillip S. Cross
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