California officials announced Friday the state has reworked a relatively small 50 MW, $209 million power deal with Morgan Stanley that reduces its volumes and price, along with various terms, equating to a $41 million savings to the state and an option to purchase future natural gas tied to the electricity contract at indexed prices.
Reworks
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CCRO Delays Index Guidelines, Reworks Some after FERC, CFTC Comments
It probably will be another two weeks before the Committee of Chief Risk Officers (CCRO) releases its standards for energy price submission by companies and price indexing by publications, a CCRO spokesman said on Thursday.
February 7, 2003
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