Texas Gov, George W. Bush Friday signed into law a bill torestructure the state’s $19 billion electric industry.
Articles from Competitive
California is learning the hard way that yet another earlyoffshoot of more competitive energy markets is the arcane world oftrying to police the activities between state-regulated utilitiesand their unregulated affiliates. Nearing the end of its first yearof dealing with this issue, California is experiencing, at best, anuneasy peace between state regulators and the state’s three majorinvestor-owned utility holding companies.
A Canadian-backed merchant underground storage operator hasraised a red flag in California’s ongoing, but delayed, natural gasrestructuring proceedings by questioning how new energy marketplayers can compete with, but be dependent on, the state’s majorinvestor-owned utilities.
Texas Eastern Transmission (Tetco) has made big strides towardbecoming a more competitive pipeline system in eastern markets. Thecompany agreed last week to pay three producers $496 million tosettle all of its remaining gas purchase contracts. Shippers willbear about $396 million of the costs, which is about $100 millionless than a payment cap set in 1993 as part of a restructuringsettlement.
Standardization of short-term transportation services andmarket-based pricing for those services are front-burner issues atthe Federal Energy Regulatory Commission, new Commissioner Linda K.Breathitt told Washington attorneys Thursday.