Part 2: The Art of the Deal
Exelon appointed Tom Ridge and Dr. William C. Richardson to its board of directors. NiSource Inc. has restructured its leadership team. Hydro-Québec appointed André Caillé chairman of its board of directors and Thierry Vandal as president and CEO of the company. Pennsylvania Public Utility Commission (PUC) Chairman Wendell F. Holland recently was named president of the Mid-Atlantic Conference of Regulatory Utilities Commissioners. And others...
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.
A state-by-state look at retail competition.
John Quain, chair of the Pennsylvania Public Utility Commission, who helped draft legislation to introduce electric competition in his state, predicts that natural gas deregulation is next on the agenda.
In fact, the Gas Customer Choice Act was pending in the House and Senate in the Pennsylvania Legislature.
Speaking at the American Gas Association's Natural Gas Roundtable on July 16 in Washington, D.C., Quain predicted a customer choice bill would be signed either this calendar year or early in 1998.