In a press release ostensibly to announce a stock issuance to improve its liquidity and pay down some debt, TXU Corp. acknowledged Monday that it has received an informal data request from the Securities and Exchange Commission that asks the company to “voluntarily provide documents related to its recent dividend declaration.” TXU said it would comply fully with the request, and does not anticipate “any adverse consequences.”
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CPUC Seeks Info from Merchant Generators
California regulators have appealed to the Federal EnergyRegulatory Commission for help in completing the state’sinvestigation of prices paid in the state’s wholesale electricitymarket this past summer.
Soliance Creates Info System in Record Time
Soliance Networks, the San Diego-based joint venture thatprovides total information solutions for the energy industry, hascompleted its first information technology project for an energyservice provider, getting the system running in just eight weeks.Soliance created an Internet-based “virtual utility” system forEnergy America’s customers that included enrollment, customerbilling operations, bill creation, and support. The “virtualutility” took six weeks to certify and validate, and two more weeksto become fully operational for Energy America. The system willsupport over 1 million customers by mid-2001. Energy America sellscompetitively priced natural gas and electricity to residential andsmall business customers in New Jersey, Georgia, Maryland, Ohio,Pennsylvania, and Michigan.
Peco’s Exelon To Provide Real-Time Energy Info
Exelon Capital Partners, the energy services and marketing armof PECO Energy, and Orion Ltd., an international energy networkmanagement company, announced a partnership yesterday. The newcompany, called CIC Global, LLC, is an international technologycompany focused on providing real time energy and bill paymentinformation to residential and small commercial/industrialcustomers. CIC Global plans to reveal its products in Philadelphialater this year.
Industrials Riled by Fees for Info on GISB Standards
Industrial gas users want to “comment” on the revised and newGas Industry Standards Board’s (GISB) standards that FERC proposedfor adoption in December, but there’s only one problem – they don’tknow what they are. The Commission apparently doesn’t have a copyof the proposed changes on file, they said, and to get them fromthe standards-setting organization could cost the tidy sum of$3,500.
Industrials Riled by GISB’s Fees for Standards Info
Industrial gas users want to “comment” on the revised and newGas Industry Standards Board’s (GISB) standards that FERC proposedfor adoption in December, but there’s only one problem – they don’tknow what they are. The Commission apparently doesn’t have a copyof the proposed changes on file, they said, and to get them fromthe standards-setting organization could cost up to $3,500.