In the waning hours of its spring session, the Illinois legislature earlier this week agreed to impose a 5% sales tax on natural gas bought out-of-state as part of its budget and tax package aimed at curing the state government deficit. The measure will mainly impact manufacturers, but the legislators modified the governor’s proposal by including several exemptions.
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New York Regulators Impose New Financial Requirements on Retail Marketers
After a long review of the bankruptcy of retail marketer Iroquois Energy Management in 2000, New York energy regulators have approved new financial requirements for retail gas and power marketers who offer prepayment plans or require deposits from customers. The requirements are designed to strengthen consumer protections in New York’s competitive energy markets.
NY Regulators Impose New Financial Requirements on Retail Marketers
After a long review of the bankruptcy of retail marketer Iroquois Energy Management in 2000, New York energy regulators have approved new financial requirements for retail gas and power marketers who offer prepayment plans or require deposits from customers. The requirements are designed to strengthen consumer protections in New York’s competitive energy markets.
Florida County Approves Plant Construction Moratorium
The Broward County (FL) Commission yesterday gave the green light to a proposal that would impose an 11-month moratorium on the construction of new power plants in the county, although it remains unclear as to whether the temporary ban will face a challenge in the courts. Dennis Myers, a spokesperson for the commission, told NGI that the panel signed off on the moratorium by a vote of 8-0 in favor, with one commissioner abstaining.
Broward County To Vote Today On Plant Moratorium
The Broward County Commission today will consider a proposal that, if approved, would impose an 11-month moratorium on the construction of new power plants in the county, but an Enron Corp. spokesperson yesterday said that Florida’s environmental protection agency may step in and tell the county that such a move is illegal.
INGAA Battles Legislative Attempt to Re-instate Caps
Battling a moves to re-impose the cap on prices paid in the secondary transportation market to California, the Interstate Natural Gas Association of America (INGAA) went on record last week opposing an attempt by Rep. Rick Boucher, D-VA, in a subcommittee mark-up to re-instate the cap legislatively on capacity release and cap transportation rates to the border.
FTC: Reliability, Competition Go Hand in Hand
Any Department of Energy (DOE) initiative seeking to imposemandatory reliability standards in the electric industry would alsohave to tackle the issue of competition to be effective, theFederal Trade Commission (FTC) says.
FTC: Reliability, Competition Go Hand in Hand
Any Department of Energy (DOE) initiative seeking to imposemandatory reliability standards in the electric industry would alsohave to tackle the issue of competition to be effective, theFederal Trade Commission (FTC) says.
Cal-ISO Asks FERC To Impose $100 Caps
The California Independent System Operator (Cal-ISO) Fridayfiled with the Federal Energy Regulatory Commission urging steps betaken, including creating a $100/MWh payment price cap andpenalties for noncompliance, to encourage a return of more suppliesinto the forward, as opposed to the real-time spot, market. Cal-ISOCEO Terry Winter took this action without his governing board’sauthorization.
Cal-ISO Asks FERC to Impose $100 Caps
The California Independent System Operator (Cal-ISO) Fridayfiled with the Federal Energy Regulatory Commission urging steps betaken, including creating a $100/MWh payment price cap andpenalties for noncompliance, to encourage a return of more suppliesinto the forward, as opposed to the real-time spot, market. Cal-ISOCEO Terry Winter took this action without his governing board’sauthorization.