Bowing

Bowing to pressure from Capitol Hill, the Federal Energy Regulatory Commission ruled that the settlement conference currently in progress in Washington D.C. could address issues related to past power sales to consumers in the Pacific Northwest, as well as California.

Bowing to pressure from Capitol Hill, the Federal Energy Regulatory Commission issued a ruling late Friday clarifying that the settlement conference currently in progress in Washington D.C. “may” address issues related to past power sales to consumers in the Pacific Northwest, as well as California.

Incremental prices for the last day of March, finding little tono support from any direction, did the natural thing: they fell byanywhere from about a nickel to more than a dime. April bidweeknumbers also slid a bit further.

Bowing to the concerns of shippers, FERC last week suspended forthe maximum five-month term Texas Gas Transmission’s tariffproposal to provide new hourly service for the summer electricpower generation market. During the suspension period, theCommission directed staff to convene a technical conference toaddress shippers’ issues and report back to it within 120 days.

Bowing to the concerns of shippers, FERC last week suspended forthe maximum five-month term Texas Gas Transmission’s tariffproposal to provide new hourly service for the summer electricpower generation market. During the suspension period, theCommission directed staff to convene a technical conference toaddress shippers’ issues and report back to it within 120 days.

Connecticut regulators, bowing to pressure from marketers, havelowered penalty rates and delayed opening of the market for smallindustrials and large commercial customers of state LDCs until Jan.1.

Most cash trading points were down 2-5 cents Thursday, bowing tothe mild temperatures prevalent east of the Rockies and to thescreen’s retreat of nearly 3 cents. Declines at several pointsmatched the amounts by which they had risen on Wednesday. Thesmallest drops tended to be in the West