The head of California’s beleaguered utility regulatorycommission (CPUC) Thursday encouraged the state’s major electricutilities to more fully use existing authority to do short-termforward market hedging deals for power, noting that she wanted toclarify continuing perceptions that the state regulatory body isblocking more utility hedging.
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CPUC’s Lynch Encourages Utility Hedging
The head of California’s beleaguered utility regulatorycommission (CPUC) Thursday encouraged the state’s major electricutilities to more fully use existing authority to do short-termforward market hedging deals for power, noting that she wanted toclarify continuing perceptions that the state regulatory body isblocking more utility hedging.
DOE’s Richardson Espouses Investor-Friendly Offshore Policy
Energy Secretary Bill Richardson has called on FERC to design anoffshore policy that encourages private-sector investment in theGulf of Mexico gas infrastructure and the development of advancedproduction technologies. Such a policy would be in keeping with theClinton administration’s 1993 domestic natural gas and oilinitiative, he wrote in a recent letter to Chairman James Hoecker.