Rep. Edward J. Markey (D-MA) released a letter this week fromFERC Chairman James J. Hoecker that is “sharply critical” ofelectric restructuring bill H.R. 2944, sponsored by Rep. Joe Barton(R-TX). The bill was reported out of the House Energy and PowerSubcommittee last November. Hoecker’s letter was a response to aNov. 3 inquiry by Markey.
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Producers Like Largent-Markey Bill, Hate Mandate
Although the much-touted electricity restructuring billintroduced by Reps. Steve Largent (R-OK) and Edward Markey (D-MA)would slash the renewable portfolio mandate proposed by the Clintonadministration by more than half, natural gas producers stillaren’t quite satisfied.
Analyst Predicts Electrics Will Swallow Gas
Anyone working for a gas company today won’t be in a few yearsif a prediction of BT Alex Brown Managing Director Edward TirelloJr. comes true. “On convergence, I believe that the electriccompanies will buy up all of the gas companies over the next fiveyears, and that will be the end of it.”
Analyst: Electrics Will Swallow Gas Companies
Anyone working for a gas company today won’t be in a few yearsif a prediction of BT Alex Brown Managing Director Edward TirelloJr. comes true. “On convergence, I believe that the electriccompanies will buy up all of the gas companies over the next fiveyears, and that will be the end of it.”