The semi-independent consumer advocacy branch of the California Public Utilities CommissionThursday asked the energy regulators to deny San Diego Gas and Electric $98 million in revenues as a penalty for the utility’s alleged failure to purchase power supplies on a fixed-price, forward contracts basis between July 1, 1999 and Aug. 31, 2000. Most ofwhat the CPUC’s Office of Ratepayer Advocates (ORA) concludes were missed opportunities occurred last summer when wholesale power prices first skyrocketed in the West.
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LDC Survey Shows Shift in Supply Contracting
A survey released yesterday by the American Gas Association of69 gas local distribution companies shows LDCs last winter made ashift to more short-term gas supply contracts. The percentage ofpeak-day gas purchases made under long-term supply agreementsdeclined to 35% in winter 1998-99 from 38% in winter 1997-98, andthe percentage of LDCs with more than half of their peak-daypurchases under long-term arrangements dropped to 38% from 47%during the previous winter. Spot market purchases accounted for 10%of peak-day supplies on average compared to only 5% during theprior winter, AGA said. Storage deliveries comprised 41% ofpeak-day gas supplies.
June 18, 1999
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