Legislation has been introduced in the Virginia General Assemblythat would establish a framework for gas restructuring in thestate. Columbia Gas of Virginia, the first LDC in the state toimplement a gas supply choice program, is a main proponent of thebill, SB1105, which is being sponsored by State Sen. Charles Colgan(D-Manassas). A companion bill is being sponsored by Del. EricCantor (R-Henrico) in the House.
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Oklahoma’s Nickles Would Scrap Utility Franchises
Oklahoma’s Republican Sen. Don Nickles has introduced a wholenew approach to the electric restructuring debate, proposing a billthat would strip states of their authority to grant franchises toutilities and open local markets to competition.
Legislation Would Alter Eminent Domain
Sen. Fred Thompson (R-TN) has introduced legislation that wouldrequire pipelines seeking to seize private property for projects topersonally notify affected landowners by certified mail of theirintention at the outset of FERC proceedings, giving them theopportunity to “participate meaningfully” in the process.
Administration’s Electricity Plan to be Unveiled Today
The Clinton administration will announce today a “plan” or “listof principles” for restructuring the electricity industry. “It canbe introduced as legislation. It’s written in legislative language.This is what everyone’s been waiting for,” said Bill Wicker, aspokesman for the Department of Energy.
LG&E Offers Weather Risk Hedge
LG&E Energy Marketing (LEM), a subsidiary of LG&EEnergy, has introduced risk management products designed to manageweather-related risk.
Tax Relief Bill for Alternative Fuels Introduced
Rep. John E. Ensign (R-NV) proposed legislation late last weekthat would provide a 50-cent income tax credit for each gallonequivalent of natural gas, propane and methanol used in vehiclesplaced in service after Dec. 31, 1997. The tax credit will act as a”significant financial” incentive for fleet managers and others tostep up their use of clean, domestic fuels.