The Public Utilities Commission of Ohio (PUCO) should reconsider its decision last month that restructured Duke Energy Ohio’s (DEO) gas delivery rates, increasing the fixed charge for service by more than 300% over the next year while lowering the volumetric service charge, said the Office of the Ohio Consumers’ Counsel (OCC) Friday.
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Consumer Advocate Fighting Duke Fixed-Rate Hike in Ohio
The Public Utilities Commission of Ohio (PUCO) should reconsider its decision last month that restructured Duke Energy Ohio’s (DEO) gas delivery rates, increasing the fixed charge for service by more than 300% over the next year while lowering the volumetric service charge, said the Office of the Ohio Consumers’ Counsel (OCC) last week.
Williams’ Power Asset Sale Sets Up Possible LBO, Says Analyst
Williams, which restructured to concentrate on its core domestic natural gas businesses — exploration, midstream and gas pipelines — agreed last week to cast off substantially all of its power assets to Bear Energy LP, a unit of The Bear Stearns Cos. Inc., in a deal valued at $512 million. The transaction includes 7,700 MW of gas-fired tolling capacity, 1,800 MW of full requirements power supply contracts and a trading book.
Bear Stearns Scoops Up Most of Williams’ Power Assets in $512M Deal
Williams, which restructured its business to concentrate on its core natural gas businesses — exploration, midstream and gas pipelines — agreed Monday to cast off substantially all of its power assets to Bear Energy LP, a unit of The Bear Stearns Cos. Inc., in a deal valued at $512 million. The transaction includes 7,700 MW of gas-fired tolling capacity, 1,800 MW of full requirements power supply contracts and a trading book.
El Paso Puts On More Hedges for 2007
El Paso Corp. restructured and expanded its hedging program that supports its 2007 gas production, and CEO Doug Foshee expressed optimism about the company’s 2007 outlook.
Mirant’s Restructured Debt Plan Designed to Avoid Bankruptcy
Atlanta-based Mirant said late Monday it has offered to restructure some of its debt and bonds in a plan designed to pay off its creditors and avert a likely bankruptcy. The company also is asking its debt holders to vote in favor of a “fast track” pre-packaged plan of reorganization, in case an insufficient number of banks or bondholders agree with its out-of-court restructuring plan.
New Players Emerging in Energy Industry
Going forward the restructured energy industry is going to have some unfamiliar names and faces and they’ll be operating with new ground rules, William Hobbs, president and CEO of Williams Energy Marketing and Trading told state regulators meeting in Chicago last Tuesday.
New Players Emerging in Energy Industry
Going forward the restructured energy industry is going to have some unfamiliar names and faces and they’ll be operating with new ground rules, William Hobbs, president and CEO of Williams Energy Marketing and Trading told state regulators meeting in Chicago Tuesday.
Policing Market Power Key to Power Dereg
The benefits of deregulating the electric power industry may be”deferred” — or may not be realized at all — if monopolyutilities are left unchecked to exercise market power in arestructured marketplace, according to an FTC staff report.
CA Regulator Calls for Re-Regulation
One of California’s two newest energy regulators Tuesdayadvocated that the state re-regulate parts of its restructuredelectric industry and re-establish some power he said it has cededin the process to the federal government. The plea was part of apress conference in San Diego designed to assuage concernedelectricity customers whose bills have doubled and tripled due to asummer peak-load price and supply crunch.