A new FERC decision veers away from congressional intent not to burden intrastate pipelines with interstate policies.
State commissions can set intrastate natural gas pipeline transportation rates except when the intrastate pipeline moves gas in interstate commerce. Then, the Federal Energy Regulatory Commission (FERC) regulates the rates under evolving Natural Gas Policy Act of 1978 (NGPA) standards. Two recent FERC orders in a GulfTerra Texas Pipeline L.P.
Fortnightly Magazine - May 2004
Three ways to value nuclear power plants for buyers and sellers.
Appraisers don't make the market-they reflect it. But when the market speaks, appraisers listen. The appraiser must use judgment, experience, and common sense to correlate the final conclusion of value for a subject plant, basing the conclusion on market indicators.
What construction cost might prompt orders for new nuclear power plants in Texas?
Electricity generation deregulation has opened U.S. wholesale electricity markets to unregulated power producers. In this uncertain environment, how should a generating company evaluate the risk of investing in new capacity?1
Utilities have little to show for the millions they pay in campaign contributions.
If Donald Trump could call Congress on the carpet, he would send lawmakers packing with those two now infamous words, "You're fired!"
Trump, at the conclusion of each episode of his reality TV show "The Apprentice," dumps an unlucky job candidate for failing to complete that show's business assignment to his liking.
Southern Co. appointed Chris Hobson senior vice president of environmental affairs, reporting to Charles Goodman, the company's newly named senior vice president of environmental policy and research. Hobson currently serves as vice president of environmental affairs for Southern Co. subsidiary Georgia Power.
Letters to the Editor
To the Editor:
The article "NERC's Cloudy Crystal Ball" () contends that the North American Electric Reliability Council (NERC) has consistently underestimated the growth in U.S. electricity demand. The only evidence offered for this conclusion is that observed data did not encircle the 45-degree line in a graph of actual vs. forecast percentage growth rates. Conjectures such as this are invalid for numerous reasons.
Unless gas prices stabilize, coal prices will continue rising.
Gas prices to power plants have surged in 2003, increasing more than 50 percent over their 2002 level. In absolute terms, this gas price in-crease exceeds $2/MMBtu-almost two thirds larger than average coal prices to power plants in 2003-and has rekindled interest in new coal-fired power plants. An increasing number of new coal-fired projects have been announced in the last 12 months.
Why Ontario needs a competitive market.
For the past two years, the Ontario power sector has resembled a piñata at a children's birthday party, batted this way and that by the stick of public policy. Since the competitive wholesale market opened in 2002, the government twice has intervened to manage prices to final consumers.
The commission's power grab over bankruptcy courts condemns merchants to a corporate netherworld.
Since we last visited the conflict between the Federal Energy Regulatory Commission (FERC) and bankruptcy courts over who decides whether a debtor can terminate unprofitable power contracts,1 a new district court decision out of Texas has come down tilting the field in favor of FERC's assertion of exclusive authority.
Business & Money
A spate of proposed U.S. tax rule changes soon may open a window of opportunity for certain utilities.
In the mid-1990s, before the rise of the Internet and the fall of Enron changed the calculus of business investing and the regulatory landscape, the historically staid U.S. utility industry began to be viewed as a "growth play." This triggered a global buying spree that led U.S. companies to invest tens of billions of dollars in electricity generation and distribution businesses all over the world.