California ended last week without a definitive deal with theinvestor-owned utilities, but with the governor predicting a dealwould be in place by the end of the month. Gov. Gray Davis’optimism didn’t stop there, however. He also believes under-paidsuppliers will accept partial payments for the their mountingbills, and federal regulators somehow will bless the state’stakeover of the utilities’ transmission assets on a lease-backarrangement.
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Transportation Notes
Sonat said it will cancel an OFO Type 3 for five groups on itssystem today.
Transportation Notes
Northern Natural Gas ended a System Overrun Limitation for allmarket area zones Tuesday after it had been in effect for threestraight weeks (see Daily GPI, Dec. 12,2000).
IOGCC Calls for Tax Incentives, Energy Policy
As it ended its annual conference in San Antonio last week, theInterstate Oil and Gas Compact Commission emerged with an agendacalling for new tax and public policy incentives to increasenatural gas production in the United States. The 30-stateorganization re-issued its call for a national energy policy andurged Congress to give tax breaks to exploration and developmentcompanies.
IOGCC Calls for Tax Incentives, Energy Policy
As it ended its annual conference in San Antonio this week, theInterstate Oil and Gas Compact Commission emerged with an agendacalling for new tax and public policy incentives to increasenatural gas production in the United States. The 30-stateorganization re-issued its call for a national energy policy andurged Congress to give tax breaks to exploration and developmentcompanies.
CA Governor, Regulators Address Electricity Issues
California regulators ended a busy week Friday, holding another public hearing in San Diego as part of their ongoing investigation of the causes for high summer wholesale electricity prices, zeroing in on the state power market’s structure, rules and suppliers.
Transportation Notes
Florida Gas Transmission ended Friday an Overage Alert Day noticethat had been issued Aug. 24 (see Daily GPI, Aug. 25).
Transportation Notes
Pacific Gas & Electric ended a high-inventory OFO Saturdayafter it had been in effect for three days.
CA Regulators Grant PG&E Scaled-Down Rate Increase
With a relative whimper, not a bang, a major rate case forPacific Gas and Electric Co. ended last Thursday with Californiaregulators on a 3-2 vote giving the utility about one-third of whatit originally requested. The raise still is quite large, however,at $229 million/annually, including a 6% hike in gas rates. Thehike amounts to about another $20/year for the typical residentialcustomer. Electric rates were hiked by $136 million/year, but therewill be no change in those rates because of the ongoing rate freezethat’s been in effect since 1996 as part of the state’s electricindustry restructuring.
CA Regulators Grant PG&E Belated, Scaled-Down Rate Hike
With a relative whimper, not a bang, a major rate case forPacific Gas and Electric Co. ended last Thursday with Californiaregulators on a 3-2 vote giving the utility about one-third what itoriginally requested. The raise still is quite large, however, at$229 million/annually, including a 6% hike in gas rates. The hikeamounts to about another $20/year for the typical residentialcustomer. Electric rates were hiked by $136 million/year, but therewill be no change in those rates because of the ongoing rate freezethat’s been in effect since 1996 as part of the state’s electricindustry restructuring.