Maine regulators, consumer representatives and industrialcustomers are seeking a stay of a FERC order directing the NewEngland ISO to raise its ICAP deficiency charge to $8.75 per kW/Mretroactive to Aug. 1. The current charge is 17 cents.
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TransCanada Files Interim Toll Hike
TransCanada PipeLines filed applications with the NationalEnergy Board and the Alberta Energy and Utilities Board last weekfor significant interim toll hikes on its Canadian Mainline andAlberta natural gas transmission systems. The requested tolls wouldgo into effect Jan. 1, 2001.
TransCanada Files Interim Toll Hike
TransCanada PipeLines filed applications with the NationalEnergy Board and the Alberta Energy and Utilities Board yesterdayfor significant interim toll hikes on its Canadian Mainline andAlberta natural gas transmission systems. The requested tolls wouldgo into effect Jan. 1, 2001.
EIA Breaks Down the Winter Price Hike
The Energy Information Administration (EIA) released a handy newbrochure yesterday for residential customers who are wondering whytheir natural gas bills are expected to soar by 44% this wintercompared to last winter. Gas supply will be adequate to meet demandthis winter, according to EIA, but prices and gas usage are goingto increase substantially.
Former PGW Executives Charged with Theft
While Philadelphia Gas Works (PGW) is in the midst of defending a 30% rate hike request, the Philadelphia District Attorney has filed criminal charges against four former PGW executives for theft and misuse of company funds. The action was sparked by a Philadelphia County Grand Jury investigation.
Former PGW Executives Charged with Theft
While Philadelphia Gas Works (PGW) is in the midst of defendinga 30% rate hike request, the Philadelphia District Attorney hasfiled criminal charges against four former PGW executives for theftand misuse of company funds. The action was sparked by aPhiladelphia County Grand Jury investigation.
SDG&E Seeks Hike in Electric Refunds
Late Friday, Sempra Energy’s San Diego Gas and Electric Co.(SDG&E) utility subsidiary filed with California stateregulators to increase one-time rate refunds to about $500 millionto take the bite out of summer electricity bills that have soaredfor its 1.1 million customers due to heat-induced power supply andprice spikes in May and June.
Enron Has Banner Year; 37% Net Income Hike
Significant strategic changes at Enron, including the sale ofEnron Oil & Gas and planned divestiture of Portland GeneralElectric, made the headlines in 1999, but its traditionaloperations more than carried the company flag.
Enron Has Banner Year; 37% Net Income Hike
Significant changes to Enron’s corporate structure, includingthe sale of Enron Oil & Gas and planned divestiture of PortlandGeneral Electric, made the headlines in 1999, but its traditionaloperations more than carried the company flag. Enron posted awhopping 37% increase in net income to $957 million and an 18% risein earnings per share to $1.18 for the year. Its revenues rose 28%to $40 billion and its marketed volumes jumped 19% to 32 trillionBtue/d. North American gas sales volumes reached 13 Bcf/d up from10.6 Bcf/d while U.S. power sales fell slightly to 380.5 millionMWh from 401.8 million MWh in 1998.
Shippers Blast Sonat’s Proposed Rate Hike
Shippers shot Southern Natural’s proposed rate increase full ofholes last week at FERC. Wholesale and retail marketers, municipaland investor-owned utilities, industrial gas users and gasproducers alike told FERC to deny Sonat’s request that theincreased rates be made effective Oct. 1. There was a unanimouscall for hearings and a suspension of the filing for the fullfive-month period subject to refund.