(R-TX) on the last day of the 104th Congress introduced legislation, H.R. 4297, "The Consumers Electric Power Act," to bring competition to the nation's electric industry.
Fortnightly Magazine - December 1996
As part of its ongoing investigation of electric industry restructuring, the Nevada Public Service Commission (PSC) has issued a report and solicited comment on appropriate regulatory response to customer bypass requests.
According to Chadbourne & Park, LLP, the Internal Revenue Service (IRS) is auditing U.S. companies that bought shares in foreign utilities in recent privatizations to determine whether they should have paid U.S. taxes.
All of the transactions involve debt-equity swaps, which can take many forms. For example, a U.S. company interested in buying shares in a foreign utility first goes into the market to buy bonds of the foreign government.
The Pennsylvania Public Utility Commission (PUC) has decided that Bell Atlantic-Pennsylvania, Inc., a local-exchange telephone carrier (LEC), should reduce rates for its residential digital high-speed service offerings. The residential Integrated Service Digital Network (ISDN) service enables users to access and send voice, data, and imaging services at the same time over their telephone lines.