Lacking a voluntary solution by all the state’s major investor-owned utilities (IOU), the California Public Utilities Commission (CPUC) Thursday ordered interim actions by the IOUs to address the mushrooming problem of energy utility service disconnections, along with opening a statewide proceeding on the festering issue. After obtaining stakeholder feedback and ideas in the weeks and months ahead, the CPUC said it intends to act on a final order in June.
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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).
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).
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.
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.
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.
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.
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.
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.
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.