News Digest
State PUCs
Gas Appliance Repair.
Law & Lawyers
News Analysis
But who gets a slice of the pie?
In August the Bonneville Power Administration released its proposed wholesale electric rates for the five-year period from 2002 to 2006. The controversial proposal is subject to five months of scrutiny, including eight public hearings from Sept. 30 through Oct. 14, with adoption of final rates expected early in 2000.
In this era of emerging competitive markets, relatively low-priced federal power is prized by wholesale customers in the BPA's Northwestern U.S. service territory.
Did Power Plant Buyers Pay Too Much?
A line-by-line case study of two high-priced portfolios, comparing fixed, variable and capital costs against forecasts of regional market prices.
A multi-billion-dollar wave of utility divestiture and power plant auctions has taken place during the last 18 months. Table 1 details some of these transactions, including the purchase price on a dollar-per-kilowatt basis and as a multiple of net book value. These measures frequently are cited as indications that buyers paid too much.
Electric Restructuring: Before, During and After
Five commission chairs from states in all phases of deregulation ponder their changing roles. Will market success make them obsolete?
As most state electric competition plans are implemented within the next few years, regulators face an uncertain future. And they're already reflecting on their role in a changing industry.
Regulatory commissions in both Illinois and California have created panels to discuss the issue and the National Association of Regulatory Utility Commissioners (NARUC) has held closed-door sessions on the subject.
Electric Transmission: Do State Regulators Still Have a Voice?
How the FERC's RTO case has split the PUCs into five warring factions.
With momentum building for competition in retail energy markets, and with the real authority seeming to shift to the federal government, do regulators at the state public utility commissions (PUCs) still have a voice in setting policy for the electric transmission grid? After all, the Federal Energy Regulatory Commission enjoys exclusive jurisdiction over interstate transmission service. That's the one major utility sector likely to remain heavily regulated for some time.
The Baby and the Bathwater: Utility Competition, But at What Price?
What the Supreme Court thinks about handicapping the incumbent to level the field for new players.
Regulators today sit on the horns of a dilemma: How far to level the field in the name of competition?
If regulators fear market power in the incumbent utility, and so impose restrictions on its activities and assets, they may impair its effectiveness and thus distort the very competition they attempt to foster.
Frontlines
But does anyone know the real price of power?
You've read the headlines from Maine - how regulators asked for bids for competitive electricity but got prices higher than the old regulated rate.
But it gets worse. The more open the market, the higher the bid.
Central Maine Power and Bangor Hydro-Electric operate within ISO New England, which now is open for competition.
People
The Federal Energy Regulatory Commission appointed Bud Earley policy advisor on electric matters. Earley most recently served as director of the electric policy division of the FERC's Office of Economic Policy. The FERC named Bobbie J. McCartney an administrative law judge. She previously served as deputy chief administrative law judge in the Social Security Administration's Office of Hearings and Appeals.
The Bonneville Power Administration named Jeff Stier its new vice president of national relations. Stier joins BPA after 12 years on the staff of Rep.
Benchmarks
Steep environmental costs mean coal-fired power's competitive edge will drop by half.
A mid increasing pressures to reduce costs, the competitive positions and profitability of U.S. coal-fired power plants will change dramatically in the near-term. Resource Data International Inc.
News Digest
State PUCs
Electric Standard Offers. Connecticut OK'd a regulated standard offer distribution rate of 10.84 cents per kilowatt-hour for United Illuminating Co. The rate included subcomponent rates:
Gen. Shopping Credit 4.52 cents
T&D Regulated Service 3.89 cents
Systems Benefit Charge 0.17 cents
Compet. Transition Charge 1.91 cents
Conservation Funding 0.3 cents
Renewable Energy Funding 0.05 cents
The T&D charge was calculated without backing out unbundled retail transmission subject to FERC jurisdiction. Docket No. 99-03-35, Oct.