Measure

A group of Wisconsin distributors say FERC should resort to amandatory auction of short-term capacity only as a last measure -after it has implemented and weighed the effects of its otherproposed initiatives, such as increased pipeline reportingrequirements, and finds they failed to achieve a similarcompetitive end.

A measure introduced in the New Mexico senate recently was a”good first step” towards opening up the state’s electricityindustry to competition, says the state’s largest utility, althoughit cited certain concerns.

A measure introduced in the New Mexico senate last week was a”good first step” towards opening up the state’s electricityindustry to competition, says the state’s largest utility, althoughit cited certain concerns.

An appropriations measure approved by Congress last weekcontains a key provision that would set aside funding for the WhiteHouse Council on Environmental Quality (CEQ) to coordinateinteragency permitting of pipeline projects, paving the way forquicker certification in the end.

California’s Gov. Pete Wilson has signed into law a measure thatfor the first time allows full judicial review of California PublicUtilities Commission decisions. This could mean more courtchallenges to future energy decisions when the law goes into effectJan. 1, 1999.

California’s Gov. Pete Wilson has signed into law a measurethat for the first time, allows full judicial review of CaliforniaPublic Utilities Commission decisions. This could mean more courtchallenges to future energy decisions when the law goes into effectJan. 1, 1999.

The July Nymex contract gained 2.8 cents to settle Monday at$2.364, thanks in large measure to momentum the contract gainedafter it filled in the technical chart gap with its early move downto $2.295. However, the upside was capped by resistance at $2.43,and July settled right in the middle of its technical tradingrange. “July trading is pretty much in cruise control now,” asource said. “A lot of people have already gotten out of theirpositions, so I think you’ll see the rangebound trading continue[today]. However, that range is 15 cents, so trading will mostlikely be volatile, which will be the first time in months acontract has expired with a good dose of volatility,” he told GPI.