While deregulation at the retail level inches along at a snail’s pace, the online retail energy marketplace is quietly gaining market acceptance and could be become a real stimulant to competition.
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MA Utilities Combining to Form $4.4B Company
In yet another instance where bigger is believed to be better inthe deregulated energy marketplace, Boston Edison parent BEC Energyand Cambridge, MA-based gas and power holding company CommonwealthEnergy System plan to merge in a cash and stock deal. Thetransaction also represents the acquisition of gas assets byelectric BEC.
Consumers Energy, FERC Agree on No-Fault Settlement
In a case that points up the marketplace failure of FERC’scapacity release rules, Consumers Energy and the Commission’senforcement section have come to a no-fault agreement over chargesConsumers collected payments in excess of maximum lawful rates forupstream pipeline capacity released to shippers.
Consumers Energy, FERC Agree on No-Fault
In a case that points up the marketplace failure of FERC’scapacity release rules, Consumers Energy and the Commission’senforcement section have come to a no-fault agreement over chargesConsumers collected payments in excess of maximum lawful rates forupstream pipeline capacity released to shippers.
Gasoline Giant Shell Entering Retail Gas, Power Fray
Shell Oil Tuesday announced its designs on the retail gas andpower marketplace and said its Shell Energy Services willparticipate in the unbundling of Georgia’s Atlanta Gas Lightsystem. The company plans to serve residential and commercialcustomers. Other states Shell will target for retail sales are notyet known, but Shell Energy Services President Alan M. Raymond saidthe company is interested in California’s deregulated electricitymarket as well as competitive markets in the Northeast. “We will beapplying to become marketers in those states where the deregulationallows us to function, and then we’ll be setting up shop to appealto those customers.”