Governor Christine Todd Whitman signed an energy deregulationbill Tuesday, clearing the way for statewide electric unbundling tooccur by Aug. 1, 1999 and statewide, residential gas unbundling byDec. 31. The bill was passed by the state’s legislature late lastmonth. The New Jersey Board of Public Utilities (BPU) is now incharge of formulating and implementing the deregulation program.
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NYSEG Requests Conference On NUG Contracts
New York State Electric & Gas (NYSEG) has asked FERC and theNew York State Public Service Commission (PSC) to hold a jointtechnical conference on utility power purchase agreements withnonutility generators (NUGs) as soon as possible. Eight statelawmakers sent a letter to FERC Chairman James Hoecker on thematter last fall, but action was never taken, a NYSEG spokesmannoted.
Tractebel Awarded Mexican Distribution Permit
Mexico’s Energy Regulatory Commission (CRE) issued the Queretarogas distribution permit to Belgian electric utility Tractebel.Tractebel was awarded the permit as a result of the bid processundertaken by the CRE for the geographic zone, which comprises themetropolitan area of Queretaro, as well as the city of San Juan delRio.
Dynegy, NRG Buying SDG&E Generation
San Diego Gas & Electric (SDG&E) completed divestiture ofall its fossil-fueled generation with the selection of Dynegy Inc.and NRG Energy Inc. as the joint winning bidder for its 951 MWEncina Power Plant in Carlsbad, CA.
LG&E, Columbia in Cogen Venture for Aluminum Maker
Gregory Power Partners (GPP), a joint venture between LG&EPower and Columbia Energy’s Columbia Electric Corp., securedfinancing last week for a new gas-fired co-generation project nearGregory, TX, allowing the partnership to proceed with powercontract obligations with Reynolds Metal Co., the second largestU.S. aluminum producer. Terms of the financing were not disclosed.
AEP Closes Deal on Equitable Midstream Assets
AEP Resources Inc., a wholly owned subsidiary of AmericanElectric Power, completed the purchase of the midstream gasoperations of Equitable Resources Inc.
Opposition Arises for Florida Power
The latest battle in utility deregulation was waged last weekwhen the Electric Power Supply Association (EPSA) published aletter urging Florida’s Public Service Commission (FPSC) to rejectFlorida Power Corp.’s petition to forgo competitive bidding forconstruction of Hines 2, a second gas-fired generation plant at itsHines Energy Complex in Polk County, FL.
UtiliCorp: ‘Patchwork’ Unbundling Slow to Develop
Despite the advent of retail gas and electric competition instates such as California, Georgia, Ohio and Pennsylvania,UtiliCorp United officials do not regret their decision earlierthis year to shelve retail commodity marketing and disband theEnergyOne partnership with PECO Energy. The outlook for retailcompetition is still quite bleak, UtiliCorp Chairman Richard C.Green, Jr. said last week at a press briefing in Washington, D.C.The status of the retail market has not changed, and regulators andlegislators still appear headed in the wrong direction.
UtiliCorp Still Shaking its Head on Retail Sidelines
Despite the advent of retail gas and electric competition instates such as California, Georgia, Ohio and Pennsylvania,UtiliCorp United officials do not regret their decision earlierthis year to shelve retail commodity marketing and disband theEnergyOne partnership with PECO Energy. The outlook for retailcompetition is still quite bleak, UtiliCorp Chairman Richard C.Green, Jr. said at a press briefing in Washington, D.C. yesterday.The status of the retail market has not changed, and regulators andlegislators still appear headed in the wrong direction.
CPUC Slaps PG&E with $1.68M Fine
In an attempt to deter other utilities in the state, Californiaregulators Nov. 5 slapped a $1.68 million fine on Pacific Gas andElectric Co. for allowing an unregulated energy services affiliateto violate newly created state rules earlier this year governingthe use of the parent company name and logo. The PG&E utilitycompany expressed disappointment and vowed to appeal the decision,which requires the penalty be paid out of shareholder funds.