NY IOUSs Sue PSC Over Restructuring Decision

Fortnightly Magazine - November 15 1996
This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.

Investor-owned utility (IOU) members of the Energy Association of New York have joined in a lawsuit against the New York Public Service Commission (PSC) and its May 16 Competitive Opportunities decision, which called for a wholesale competitive market in 1997 and introduction of retail access in 1998.

The IOUs claim the lawsuit does not challenge the introduction of competition to New York's electric utility industry, but targets the "vague language" and incomplete guidelines.

"The PSC has avoided dealing with most of the significant issues, such as New York's tax and regulatory burdens, the years of investment in the existing utility facilities by shareholders, the dependence of local governments on utility tax revenue and the many customers who depend on the present system for heat and light, but who may be disadvantaged by competition," said Rochester Gas and Electric Corp. president and chief executive officer Thomas S. Richards.

13

Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.

This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.