FERC last Wednesday “split the baby” in a series of long-awaited rulings on the western energy crisis, giving both sides reason to cheer and scowl. The agency, on one hand, revoked the marketing authorizations for Enron Corp. subsidiaries and launched show-cause enforcement actions against nearly 60 energy companies for potential gaming of the California market, while at the same time it rejected efforts by California and other western utilities to overturn contracts worth an estimated $12 billion that were negotiated at the height of the market turmoil two years ago.
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Articles from Baby
Meteorologists Agree: Baby, it’s Cold Outside
Most of the folks in the Lower 48 states apparently won’t be reaching for their flip-flops and suntan lotion anytime soon. Salomon Smith Barney meteorologist Jon Davis warned the “WINTER IS NOT OVER!” last week and a number of other weather forecasters agreed.
March 3, 2003
Meteorologists Agree: Baby, it’s Cold Outside
It appears that most of the Lower 48 states will not be reaching for their flip-flops and suntan lotion anytime soon as a number of weather forcasting agencies are calling for winter weather to go on, and on, and on. While pointing out that the storm now approaching the East will not be as fierce as the President’s Day “city storm,” Salomon Smith Barney meteorologist Jon Davis warned “WINTER IS NOT OVER!”
February 25, 2003
PA PUC Splits the Baby on PGW Over-Collections
Pennsylvania regulators have said Philadelphia Gas Works (PGW) can retain 60% of the $17.58 million in over-collections that the utility had hoped to use to keep its debt-ridden operations afloat during the first month of the New Year.
January 7, 2002
PA PUC Splits the Baby on PGW Over-Collections
Pennsylvania regulators have said Philadelphia Gas Works (PGW) can retain 60% of the $17.58 million in over-collections that the utility had hoped to use to keep its debt-ridden operations afloat during the first month of the New Year.
January 2, 2002
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