Investor

California: Utilities Get Partial Gas Hedge Risk

The California Public Utilities Commission (CPUC) last Thursday adopted a new framework for major investor-owned utilities’ (IOU) gas hedging programs, including the adoption of a settlement involving Pacific Gas and Electric Co. (PG&E).

January 25, 2010

California Shifts Partial Gas Hedging Risk to Utilities

The California Public Utilities Commission (CPUC) on Thursday adopted a new framework for major investor-owned utilities’ (IOU) gas hedging programs, including the adoption of a settlement involving Pacific Gas and Electric Co. (PG&E).

January 25, 2010

California Sets $17M for Low-Income Efficiency Marketing

California regulators last Thursday allocated funding of more than $17 million to the state’s four major investor-owned utilities to be used for marketing energy efficiency to low-income customers through the individual utilities and through a statewide integrated program involving marketing, education and outreach programs.

October 20, 2009

Industry Brief

Sempra Energy’s two California utilities, Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric Co. (SDG&E), were ranked highest for customer satisfaction among the largest U.S. investor-owned energy utilities (IOU) in the first quarter of this year, according to a recently completed survey by the American Customer Satisfaction Index (ACSI). The utilities announced their top ranking in the University of Michigan survey that measures customer satisfaction across 10 economic sectors, 44 industries and more than 200 companies, along with federal and local government agencies. SoCalGas and SDG&E scored the highest in residential customer satisfaction of the 29 largest IOUs. The ACSI survey used a uniform system to measure customer satisfaction, quality of service, value, reliability and the ability to restore power after outages.

June 2, 2009

NSTAR Proposes 70% Cut in Gas Prices

As natural gas values continue to hover below six-year lows, Massachusetts-based investor-owned electric and gas utility NSTAR informed its natural gas customers this week that they likely will be seeing a 70% decrease in prices starting in May.

March 18, 2009

Moody’s Sees LDCs, Pipelines ‘Stable’ Through the Downturn

While other industries founder on the economic rocks, natural gas transmission and distribution (T&D) companies are riding out the storm, according to Moody’s Investor’s Service, which sees the industry as “stable” for the next 12 to 18 months.

March 16, 2009

Moody’s Sees LDCs, Pipelines ‘Stable’ Through the Downturn

While other industries founder on the economic rocks, natural gas transmission and distribution (T&D) companies are riding out the storm, according to Moody’s Investor’s Service, which sees the industry as “stable” for the next 12 to 18 months.

March 16, 2009

Constellation Chooses EDF Over MidAmerican

When all looked lost for Baltimore-based Constellation Energy Group, billionaire investor Warren Buffett’s MidAmerican Energy Holdings Co. came to the rescue with a merger proposal and capital infusion; however, Wednesday the American business icon stepped aside to make way for the French. Constellation accepted Electricite de France subsidiary EDF Development Inc.’s offer to acquire a 49.99% interest in Constellation Energy Nuclear Group LLC for $4.5 billion, ending MidAmerican’s plans to acquire all of Constellation.

February 19, 2009

Buffet Rebuffed as Constellation Chooses EDF

When all looked lost for Baltimore-based Constellation Energy Group, billionaire investor Warren Buffett’s MidAmerican Energy Holdings Co. came to the rescue with a merger proposal and capital infusion; however, last Wednesday the American business icon stepped aside to make way for the French.

December 22, 2008

End in Sight for Puget Sound Merger

The investor consortium seeking to buy Puget Sound Energy (PSE) said last Wednesday that the Washington Utilities and Transportation Commission (WUTC) has notified all parties in the case that a final step in the regulatory process — the filing of reply briefs — is scheduled for Oct. 23, after which the state regulatory panel can make its final determination. That is the last remaining regulatory approval needed to close the $7.4 billion deal.

October 13, 2008