A study released Monday by Energy ERA, a Calgary-based energyconsulting firm, estimated that two scenarios involving differentpipeline expansions – one involving Vector and Millennium andanother involving Independence and MarketLink-from the Midwest intothe Northeast will have the same spot price impact. Both wouldcause an average $0.30/MMBtu price decline in New York Citygateprices over the next five years.
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FERC First Changes Announced At Last
Following an extensive four-month, $700,000 review of FERC’sprocedures and organization by staff and Andersen Consulting, theCommission yesterday formally announced its changes in structureand regulatory approach. The initiative, which includes creatingseveral new offices, efforts to increase pre-filing activities andnew regulatory approaches designed to speed up processing ofapplications, will be made effective over the next 18 months.
June 12, 1998
UtiliCorp, Andersen Spar Over Fees
UtiliCorp United and Andersen Consulting are engaged in a legalbattle over fees for work Andersen did for UtiliCorp that theclient says spiraled to more than twice the amount agreed upon.Most recently, UtiliCorp filed a $10 million suit in a Missouricourt charging Andersen with negligence and failure to live up toterms of a 1996 contract for administrative software and systems.The suit is a response to a complaint filed in March by Andersenseeking payment of fees UtiliCorp had withheld.
April 24, 1998
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