President Bush announced last week he has established aCabinet-level task force that will be led by Vice President RichardCheney to deal with the worsening energy picture.
Heads
Articles from Heads
CA Utilities, Regulators Spar Over $5 Billion
Consumers and utilities continued to butt heads in Californialast week over how to deal with almost $5 billion in uncollectedrevenues by the state’s three major investor-owned utilities in thewake of this summer’s wholesale electricity price spikes. Withretail rates frozen the utilities have only collected a portion ofthe added cost of power since May. Consumer activists in SanFrancisco and San Diego last week launched a campaign against theutilities seeking pledges from political candidates throughout thestate to oppose attempts to raise consumer rates to recoverutilities’ costs.
CA Utilities, Regulators Spar Over Revenue Under-Collection Issue
Consumers and utilities continued to butt heads in Californialast week over how to deal with almost $5 billion in uncollectedrevenues by the state’s three major investor-owned utilities in thewake of this summer’s wholesale electricity price spikes. Withretail rates frozen the utilities have only collected a portion ofthe added cost of power since May. Consumer activists in SanFrancisco and San Diego last Tuesday launched a campaign againstthe utilities seeking pledges from political candidates throughoutthe state to promise to oppose the utilities’ attempts to raiseconsumer rates to recover their costs.
CA Utilities Seek $5 Billion from Consumers
Consumers and utilities continued to butt heads in CaliforniaTuesday over how to deal with almost $5 billion in uncollectedrevenues by the state’s three major investor-owned electricutilities in the wake of this summer’s wholesale electricity pricespikes.
Enron, PG&E, Edison Battle for Market Leverage
Major energy players, such as Enron, PG&E Corp. and EdisonInternational, are butting heads increasingly overmulti-million-dollar assets and future market leverage out West ina series of “electricity range wars” sparked by the advent of morecompetition.
Richardson Heads for Venezuela, Mexico
New U.S. Energy Secretary Bill Richardson said two importantitems he will be pursuing in his current visits to Venezuela andMexico will be the hemispheric integration of energy policy and thepossibility of a common electric grid. He added it is highlysignificant and symbolic that this first official call on foreigngovernments as Energy Department head will be to the two LatinAmerican nations most important to U.S. energy interests.
Gas Market Expanding in Atlantic Canada
As Maritimes & Northeast Pipeline heads into construction,it is starting to look more like a domestic Canadian supply systemand lose its original flavor as almost exclusively an exportproject. The evolution of MNP as the delivery route for the SableOffshore Energy Project has set off speculation in Canada that itwill change significantly by its scheduled in-service date of Nov.1, 1999.