The credit “assessment,” or opinion of Standard & Poor’s that surfaced Wednesday in the third day of Pacific Gas and Electric Co.’s Chapter 11 bankruptcy confirmation hearings has strengthened the utility’s argument that the competing reorganization plan from state regulators and the official unsecured creditors’ committee will not work in getting the utility back to investment-grade credit ratings. The utility sees it as proof the alternative plan can’t be confirmed by the federal bankruptcy judge.
Opinion
Articles from Opinion
Opinion Mixed on Upticks Continuing; Some Doubt AGA
Prices registered across-the-board upticks that generally ranged from about a nickel to 15 cents Wednesday as cash traders had quite a lot on their plates to digest: the sudden resignation late Tuesday of Jeffrey Skilling as Enron’s president and CEO; the subsequent pounding Wednesday taken by stock prices for Enron and other large energy companies; the formation of Tropical Depression Four in the Atlantic; and the moderate futures strength generated during the morning by news of the tropical activity.
ALJ Decision Reflects Entergy’s Change in System Plan
A FERC administrative law judge has issued an initial opinion, dividing the allocation of generation capacity costs to interruptible load on the Entergy Corp. system into pre-1995 and post-1995 time periods to reflect Entergy’s change in its system planning in the latter period to exclude interruptible load.
Bush Shift on CO2 Emissions Cuts Gets Mixed Reviews from Industry
There was a divergence of opinion last week within the gasindustry on President Bush’s broken campaign promise to press forrestrictions on carbon dioxide (CO2) emissions from powergeneration. Several energy officials, some within the same industryassociations, had different positions on the matter.
Poll Shows New Jerseyites Favor Natural Gas
New Jerseyites – by a margin of more than two-to-one – favorexpanding an existing natural gas pipeline to serve residents,according to a new public opinion poll that has been dropped intothe controversy over Williams-Transco’s proposed MarketLinkproject.
Terzic Resigns From Yankee Energy
Citing a difference of opinion with the board of directors overstrategy, Branko Terzic resigned as chairman, president and CEO ofYankee Energy System based in Meriden, CT.