Comments filed with the Maine Public Utility Commission showmarketers are opposed to all but the minimum registrationrequirements to participate in retail gas competition, while thestate’s new LDCs would like a significant amount of commissionoversight, particularly in the small customer market. The commentswere in response to the PUC’s Notice of Inquiry (NOI) into theRegulation of Gas Marketers, which was issued late last month.
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PG&E May Face Stiffer Fine for Affiliate Violations
State regulators decided yesterday to perhaps up the ante inconsidering penalties against Pacific Gas and Electric Co. foralleged rules violations in advertising and promotion materials bysome of its unregulated energy affiliate companies.
August Futures Face Major Bearish Hurdle
The August Nymex contract may have taken a significant steptoward posting further losses on Friday, but the jury on that isstill out. After August fell below major support at $2.32 Friday,enough buyers stepped in to prevent the spot month from moving anylower than $2.30. That enabled August to settle the day down 4.0cents to $2.309, but more selling could be in store when tradingresumes today. “I think a lot of traders took off early Fridayafternoon, or were simply not interested in putting in fresh openpositions before the weekend,” an analyst commented.
NGC Becomes ‘Dynegy,’ Reflecting Dynamic Energy Industry
The changing face of the energy industry prompted NGC Corp. tochange its name to something that encompasses electric power aswell as natural gas and other commodities. NGC is now Dynegy, aname fashioned from the words dynamic and energy.
New, Efficient Engine Could Burn Natural Gas
Rolls-Royce has announced a new line of engines that may changethe face of distributed generation. Since 1994 the automotivecompany has been conducting research to design a new generator thatwill help propel the company into the major leagues for distributedgeneration around the world.