Corporation

AZ Regulators Reject UniSource Sale to Private Investors

After two days of debate and several failed amendments, the Arizona Corporation Commission (ACC) last Tuesday rejected the proposed sale of Tucson Electric Power’s (TEP’s) parent company, UniSource Energy Corp., to a private investor group headed by the Wall Street leveraged-buyout firm of Kohlberg Kravis Roberts & Co. (KKR). The commissioners on a 4-1 vote supported a regulatory judge’s recommendation to reject the multi-billion-dollar deal.

December 27, 2004

Arizona Regulators All Re-Elected; Two New Commissioners in NM

All four of the commissioners on the five-member Arizona Corporation Commission (ACC) who were up for election last Tuesday won back their seats on the state regulatory commission, while neighboring New Mexico saw the election of two new Democratic Party commissioners, despite a majority of the state voters supporting President George W. Bush’s re-election to the White House.

November 9, 2004

Arizona Regulators All Re-Elected; Two New Commissioners in NM

All four of the commissioners on the five-member Arizona Corporation Commission (ACC) who were up for election last Tuesday won back their seats on the state regulatory commission, while neighboring New Mexico saw the election of two new Democratic Party commissioners, despite a majority of the state voters supporting President George W. Bush’s re-election to the White House.

November 9, 2004

Arizona Regulators Pre-Approve Southwest Gas’ New Pipeline Participation

Invoking a new policy, albeit with conditions, the Arizona Corporation Commission (ACC) late last month pre-approved Southwest Gas Corp.’s participation in a proposed 750,000 Dth/d interstate natural gas pipeline that Kinder Morgan intends to build from the San Juan Basin to the Phoenix area and then West to the California border. Arizona’s deep thirst for new gas supplies prompted the move, regulators indicated in approving the gas utility’s pre-approval request.

July 5, 2004

Arizona Regulators Pre-Approve Southwest Gas’ New Pipeline Participation

Invoking a new policy, albeit with conditions, the Arizona Corporation Commission (ACC) last Thursday pre-approved Southwest Gas Corp.’s participation in a proposed 750,000 Dth/d interstate natural gas pipeline that Kinder Morgan intends to build from the San Juan Basin to the Phoenix area and then West to the California border. Arizona’s deep thirst for new gas supplies prompted the move, regulators indicated in approving the gas utility’s pre-approval request.

June 29, 2004

Enron Creditors Vote to Approve Chapter 11 Plan

Enron Corp. said a vote of its creditors on the plan for the corporation and its affiliates to emerge from Chapter 11 bankruptcy was overwhelmingly favorable. The company filed the certification of the creditors’ vote with the U.S. Bankruptcy Court Thursday.

June 1, 2004

Transportation Notes

Late Wednesday afternoon Columbia Gas, in what it called a “pre-Operational Flow Order warning for all transportation rate schedules at MLI 72-23 (UGI Corporation-23),” said it has recently experienced lower than normal pressures on its Lines 1278 and 10110 in Market Area 23. “This low-pressure problem was created by shippers’ excessively high hourly rates at MLI 72-23,” the pipeline continued. See the bulletin board for a list of “actions that Columbia’s shippers can take now to reduce the possibility that Columbia will need to issue an OFO in the future.”

January 8, 2004

Kansas Regulators Mull Criteria, Standards for Financially Strapped Utilities

The Kansas Corporation Commission (KCC) on Monday launched an investigation examining the establishment of standards and criteria for financially weakened gas and electric utilities “to assure retail customers continuity of service, including, in particular, continuity in the quality of that utility service.”

October 15, 2003

FERC Storage Conference Draws Calls for Infrastructure, Light Regulation

Arizona’s top energy regulator, Marc Spitzer, chair of the Arizona Corporation Commission (ACC), described a rapidly growing southwestern natural gas market in need of additional gas storage infrastructure at the “Southwestern Gas Storage Technical Conference” FERC held in Phoenix Tuesday.

August 29, 2003

Virginia SCC Rejects VEPCO Affiliate Sale, FERC Jurisdiction

In a proceeding that involves questions of federal and state regulatory jurisdiction, the Virginia State Corporation Commission (SCC) recently rejected a proposal by Virginia Electric & Power Co. (VEPCO) to make wholesale sales of power at cost-based rates to affiliate Dominion Retail Inc.

July 7, 2003
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