Southern California Edison made good on its threat to go tocourt if FERC failed to respond immediately to its request tore-impose price controls on bulk power sales in the in theout-of-control California market.
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FTC, APGA Respond to Concerns over High Prices
Federal Trade Commission (FTC) Chairman Robert Pitofsky has informed Rep.Henry J. Hyde (R-IL) that his concerns about rising natural gas prices will receive “careful consideration” at the agency, but he stopped short of promising to undertake a full-scale investigation.
FTC, APGA Respond to Concerns of High Gas Prices
Federal Trade Commission (FTC) Chairman Robert Pitofsky onFriday informed Rep. Henry J. Hyde (R-IL) that his concerns aboutrising natural gas prices will receive “careful consideration” atthe agency, but he stopped short of vowing to undertake afull-scale investigation.
Rep. Archer Mentioned as DOE Secretary Candidate
Retiring Rep. Bill Archer (R-TX) was coy yesterday when asked torespond to reports that he is being considered for Energy Secretaryshould Texas Gov. George W. Bush ultimately be declared the nextpresident.
Cross Bay Sponsors Asked to Defend Pipe Project
FERC last week directed the Cross Bay Pipeline Co. L.L.C. torespond to a series of questions mostly focusing on the East Coastproject’s byzantine financial and capacity-lease arrangements thathave prompted protests from customers.
Cross Bay Sponsors Asked to Defend Pipe Project
FERC has directed the Cross Bay Pipeline Co. LLC to respond to aseries of questions dealing with the financing, leasing,engineering, operations and rate design of the East Coast projectthat has come under fire from customers.
Columbia’s Hostile Bid for CNG Falls on Deaf Ears
Columbia Gas extended the deadline 24 hours for a CNG decisionon its definitive merger offer yesterday. Columbia said if CNG doesnot respond by 5 p.m. today, the offer will be withdrawn.
Columbia Extends Deadline a Week for CNG Bid
In response to a data request from CNG’s board, Columbia EnergyGroup extended its deadline to May 10 for the CNG board to respondto its unsolicited merger proposal. CNG asked for additionalinformation on a two-way collar mechanism in Columbia’s $6.7billion bid for the company (see NGI, April 26).
Prices Respond to Snowstorm With Large Gains
“That’s what 20 inches of snow in Chicago will do for you,” aHouston-based producer said Monday in reference to the severeholiday weekend blizzard in the Midwest that propelled cash pricesupward by 20 cents or more at many points. What was being calledthe region’s worst winter storm in more than three decades leftfreezing temperatures across the eastern three-fourths of thenation and very strong heating load.
FERC Seeks Answers on Power Price Manipulation
About 80 electric-related companies are due to respond laterthis week to FERC inquiries aimed at determining whether marketmanipulation was a contributing factor to the wild price gyrationsin the Midwest electricity market in late June.