While electric restructuring at the federal level meanders
along, a broad group of industry and consumer organizations
released a list last week of 23 principles it believes should be
included. The group is hoping its efforts might add some urgency to
the legislative process.
"This list of principles serves as a guide to members of
Congress considering this important legislation," said Bill Paxon,
chairman of Americans for Affordable Electricity. "These principles
demonstrate that a wide range of stakeholders are cooperating to
reach the consensus necessary to move legislation this year."
Investor-owned utilities, public power, national consumer
groups, power marketers and industrial consumers came together to
identify areas of agreement to keep the legislative process moving.
The principles address a variety of issues, and they attempt to
clarify the Federal Energy Regulatory Commission's (FERC) authority
over interstate transmission.
The House is much further along than the Senate with
restructuring legislation. Most hold little hope for passing of
restructuring legislation this year as it is an election year. In
October, the House Commerce Committee's Energy and Power
Subcommittee approved a federal restructuring bill (HR 2944), and
the full House Commerce Committee is poised to take on the task of
improving the bill and moving it to the House floor. "We are off to
a great start this year with [House Commerce Committee] Chairman
[Tom] Bliley and the House leadership stating their commitment to
getting this bill enacted into law," Paxon said. "Now with the
stakeholders' principles, we are one step closer to our goal of a
national seamless wholesale electricity market that promotes
competition and enhances reliability."
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.