Commonwealth Edison Co. has requested waivers and authorizations from FERC to allow a number of its industrial and commercial customers with on-site generation to sell excess power to the utility during summer peak demand periods without first obtaining Commission approval.
Edison
Articles from Edison
Con Ed Seeks to Prevent Abuses Up Front
Consolidated Edison Inc. called on FERC last Tuesday to enactmechanisms to limit the potential for price spikes in the New Yorkwholesale power market this summer.
Con Ed Seeks to Prevent Abuses Up Front
Consolidated Edison called on FERC yesterday to protect itscustomers this summer by instituting mechanisms to reduce potentialprice spikes in the New York wholesale power market.
ConEd Says DPUC Decision Threatens NU Merger
Consolidated Edison said last week the Connecticut Department of Public Utility Control’s (DPUC) conditional approval last week of its merger with Northeast Utilities could kill the transaction (see NGI, Oct. 2).
Industry Briefs
KeySpan Corp. and Consolidated Edison have canceled plans tobuild a gas-fired power plant in Brooklyn. The companies said theywill not follow through on an option to buy the Waterfront site onwhich the 500 MW plant was to be developed. A spokesman said theproject had become uneconomic because of a recent ruling by the NewYork State Department of Environmental Conservation on anotherpower project located along the Waterfront. The ruling restrictedthe amount of river water that could be used for cooling.Construction cost estimates also were higher than first expected.KeySpan and ConEd had planned to build the plant on the East Riverin Brooklyn to supply the power-hungry New York City market, whichremains about 300 MW shy of a requirement to have 80% of the city’spower supply generated within city boundaries. KeySpan intends tomove forward with its plans to add 250 MW of gas-fired power to its2,100 MW Ravenswood power facility. That expansion is expected tobe in service by summer 2003.
Unicom Shareholders Approve PECO Merger
As expected, shareholders of Chicago’s Unicom Corp., the parentcompany of Commonwealth Edison, voted yesterday to approve themerger of their company with PECO Energy, based in Philadelphia.Nearly 95% of the shareholders cast votes in favor of the merger.The vote followed one by PECO shareholders Tuesday, who approvedthe merger with nearly 97% in favor. When finalized, themega-merger will form a new holding company, Exelon Corp.
New England Utility Seeks $1,000/MWh Power Price Caps
NSTAR, the parent company of Boston Edison, CommonwealthElectric, Cambridge Electric and Commonwealth Gas, has requestedthat the Federal Energy Regulatory Commission impose a price cap of$1,000/MWh on the New England wholesale power market to protectelectricity consumers from potential surges in prices during peakperiods this summer (see Docket No. EL00-83).
New England Utility Seeks $1,000/MWh Cap
NSTAR, the parent company of Boston Edison, CommonwealthElectric, Cambridge Electric and Commonwealth Gas, has requestedthat the Federal Energy Regulatory Commission impose a price cap of$1,000/MWh on the New England power market to protect electricityconsumers from potential surges in electricity prices.
Industry Briefs
Commonwealth Edison announced a voluntary pilot program thatwill automatically pay its customers if it fails to live up to itscommitment to reduce electric service interruptions, provide fasterservice restoration when outages do occur and deliver bettercommunication with customers and governmental bodies aboutservice-related issues. Developed in partnership with theMetropolitan Mayors Caucus and the City of Chicago, ComEd said itpledges to automatically pay business and residential customerswhose service has been interrupted as a result ofutility-controlled circumstances. Under the plan, qualifyingresidential and business customers will receive about the averageof one month’s electric service for each outage that exceeds eighthours or if they experience three or more outages, each of four ormore hours in length, during a two-month period. Business customerswould receive $100 credit on their account balance, whileresidential customers would receive a check for $60 for eachqualified outage. In addition, customers whose service isinterrupted for 12 hours or longer will automatically receive fullcredit of their monthly customer charge. Subsequent 12-hour outageswill result in an additional monthly credit for every outageincident. Payments will automatically be disbursed within 30 days,and do not require an additional call from the customer.
EEI, GISB to Confer on Retail Electric Standards
In a gesture of conciliation, the Edison Electric Institute(EEI) yesterday said it will meet with board members of the GasIndustry Standards Board (GISB) within the next few weeks in aneffort to bring more electric utilities and electric-relatedcompanies into the debate over whether retail standards should beestablished for electricity and, if so, by whom.