Praised

Calling it an example of a “successful regulatory outcome,” Standard & Poor’s Ratings Services praised an omnibus settlement between Xcel Energy’s Public Service Company of Colorado utility and more than two dozen of its stakeholders. The deal was approved by the Colorado Public Utilities Commission last December.

Calling it an example of a “successful regulatory outcome,” Standard & Poor’s Ratings Services praised an omnibus settlement between Xcel Energy’s Public Service Company of Colorado utility and more than two dozen of its stakeholders. The deal was approved by the Colorado Public Utilities Commission last December.

Bankruptcy-preoccupied Pacific Gas and Electric Co., has praised California’s power-buying agency, the Department of Water Resources (DWR), for finally recognizing the prospect of lower natural gas prices as a primary reason for lowering by 20% its overall estimated revenue needs through next year.

Bankruptcy-preoccupied Pacific Gas and Electric Co., has praised California’s power-buying agency, the Department of Water Resources (DWR), for finally recognizing the prospect of lower natural gas prices as a primary reason for lowering by 20% its overall estimated revenue needs through next year.

Although he praised FERC as a “fine group of people,” CaliforniaGov. Gray Davis last week made very clear that he doesn’t like whatthat group has prescribed to mend his state’s seriously flawed bulkpower market. Power executives and state market officials said theyfavored the general direction in which the Commission seemed to beheaded, but they had problems with specific proposed reforms aswell.

Although he praised FERC as a “fine group of people,” CaliforniaGov. Gray Davis yesterday made very clear that he doesn’t like whatit’s prescribed to mend his state’s seriously flawed bulk powermarket.

The Independent Petroleum Association of America (IPAA) praisedthe action of Interior Secretary Bruce Babbit in allowing marginaloil well operators producing on public lands to suspend operationsfor up to two years without losing their leases. The announcementcame Thursday on the heels of the release of an IPAA survey showinghistorically low oil prices have increased the number of shut-insand the industry unemployment rate.

The Independent Petroleum Association of America (IPAA) praisedthe action of Interior Secretary Bruce Babbit in allowing marginaloil well operators producing on public lands to suspend operationsfor up to two years without losing their leases. The announcementcame Thursday on the heels of the release of an IPAA survey showinghistorically low oil prices have increased the number of shut-insand the industry unemployment rate.

Columbia Gas of Pennsylvania CEO Gary J. Robinson praised aproposal by Pennsylvania’s governor to eliminate the 5% grossreceipts tax levied on the state’s residential gas users.