A Georgia bankruptcy judge yesterday issued an order authorizingthe sale of the stock of bankrupt marketer Titan Energy Inc. to AESPower Direct, a retail power provider. Terms of the transactionwere not immediately available.
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Gas Legislation on Front Burner in VA
Legislation has been introduced in the Virginia General Assemblythat would establish a framework for gas restructuring in thestate, authorizing, but not mandating, utilities to implementstatewide customer choice programs.
February 1, 1999
Dynegy, CA ISO Battle Over Price Caps
The Federal Energy Regulatory Commission issued an order lateFriday authorizing the California ISO on an interim basis to”reject bids in excess of whatever price levels it believes areappropriate for Regulation, Spinning Reserve, Non-Spinning Reserveand Replacement Reserve. The price levels could be based on costs,market or any factor the ISO determines will attract sufficientbids into the markets.”
July 20, 1998
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