New Century Energies (NCE) and Northern States Power (NSP), twoefficiently-run but merely mid-sized combination utilities, joinedthe merger parade last week, promising savings, greaterefficiencies and economies of scale. But the horns on Wall Streetdidn’t toot.
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FERC Raises Number of Intra-Day Noms to Three
In a move FERC said will “create a more integrated and efficientinterstate pipeline grid,” the Commission adopted standards thisweek that will expand from one to three the number of intra-daynomination opportunities for shippers on all interstate pipelines.The intra-day nomination schedule was proposed by the Gas IndustryStandard’s Board in March, by FERC in a notice of proposedrulemaking in April and this week was made part of the Commission’sregulations with required pipeline implementation by Nov. 2.
July 17, 1998