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Fortnightly Magazine - March 1 1998

Enron's Battle with PECO: An Inside View from Outside the Industry

FOR ALL THE ATTENTION FOCUSED ON NEW LAWS AND regulations designed to create competition in electric power markets, too few people seem to grasp how a market can work. That will change, however, now that Pennsylvania is the first large state to embrace market pricing.

Pennsylvania's lawmakers and three of its five utility commissioners have developed a market to deliver the benefits of competition to consumers.

Byline: 
Steve Isser and Steven A. Mitnick
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A History Lesson How the PUC Viewed the Case

ON APRIL 1, 1997, nearly four months after Pennsylvania Gov. Tom Ridge (R) had signed the state's Electricity Generation Customer Choice and Competition Act, PECO Energy Co. filed its restructuring plan with the state Public Utility Commission. To bolster the plan, PECO gathered a group of stakeholders to review it and craft a settlement. That agreement, somewhat different from the April restructuring plan, was filed with the PUC on Aug. 25. It became known as the Partial Settlement.

On Oct.

Byline: 
Elizabeth Striano
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