El Paso Natural Gas has agreed to pay Southern California Edison$32 million and make other concessions to prevent its hard-fought1996 rate settlement from collapsing like a house of cards. Thedeal ends four years of litigation by Edison, which tried to derailthe settlement from the very start.
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Southern Crossing Gets BC Regulatory Approval
The on-again, off-again Southern Crossing project of BC Gascould go forward assuming the company agrees to terms specified inan approval from the British Columbia Utilities Commission (BCUC).
Southern Crossing Gets BCUC Approval
The on-again, off-again Southern Crossing project of BC Gascould go forward assuming the company agrees to terms specified inan approval from the British Columbia Utilities Commission (BCUC).
Pepco Agrees to Sell Generation Assets
Potomac Electric Power Co. (Pepco) earlier this week reached amajor settlement to auction off its power generation assets andflow back much of the profits to Maryland customers as part of itsplan to begin offering customer choice beginning July 2000.
Atlanta Gas Light Services Agrees to New Name
Atlanta Gas Light Services, the retail marketing subsidiary ofGeorgia LDC Atlanta Gas Light, reached a compromise with retailmarketers and state regulators Wednesday, and agreed to change itsname to Georgia Natural Gas Services. The company will retain theuse of its flame logo, however.
ComEd Agrees to Cease Program that Favored Affiliates
Chicago’s Citizens Utility Board (CUB) announced it has signed asettlement agreement with Commonwealth Edison (ComEd) thatobligates the utility to terminate its controversial marketingprogram, which was designed to give the utility’s affiliatecompanies an edge in the coming competitive energy market.