LG&E Energy and PowerGen plc filed a joint application withthe Kentucky Public Service Commission seeking approval of theirdefinitive merger agreement. The company hopes to have the KentuckyPublic Service Commission issue an order by May 15. In a separateaction yesterday, the U.S. Securities and Exchange Commission (SEC)approved a merger of National Grid Group plc of the United Kingdomwith the New England Electric System of the United States — atransaction very similar to the LG&E Energy-PowerGen agreement.”This filing with the Kentucky Public Service Commission keeps uson schedule to complete the merger within nine to 12 months,” saidLG&E Energy Chairman and CEO Roger W. Hale. “In addition, theSEC’s approval of foreign ownership of a U.S. utility companyclearly helps move our approval process forward. Our transaction isvery similar to the National Grid Group-New England Electric Systemdeal.”
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FERC to Eliminate Optional Certificates
Seeking convergence in its certificate policy, the FederalEnergy Regulatory Commission proposed phasing out its 15-year oldoptional expedited certificate, saying “expedited” is now amisnomer and all pipeline certificates should be required to passunder the “public convenience and necessity” bar.
FERC to Eliminate Optional Certificates
Seeking convergence in its certificate policy, the FederalEnergy Regulatory Commission has proposed phasing out its 15-yearold optional expedited certificate, saying “expedited” is now amisnomer and all pipeline certificates should be required to passunder the “public convenience and necessity” bar.
Questar Carrying Torch For Higher Rates
As part of a general rate increase Questar Gas is seeking fromthe Utah Public Service Commission, the company wants to recovercosts of supporting the 2002 Winter Olympics in Salt Lake City.While Questar says the Olympics increase — $500,000 per year forfour years — is only a sliver of the $22.5 million requested,consumer advocates are howling, saying it’s an unauthorized tax tosupport the games.
FGT Raps Competing Buccaneer Pipe Project
The proposed Buccaneer Pipeline, which is seeking approval as anoptional-certificate project, should be held to the same highstandards as are other major pipeline projects under FERC’s newpolicy statement, says Florida Gas Transmission (FGT).
FGT Raps Competing Buccaneer Pipe Project
The proposed Buccaneer Pipeline, which is seeking approval underoptional-certificate procedures, should be held to the same highstandards spelled out in FERC’s new policy statement that all majorpipeline construction proposals are, says Florida Gas Transmission(FGT).
Iroquois Seeking Customers For New York City Pipe
The Iroquois Gas Transmission System LP is holding an openseason for gas delivery into the New York City area. Iroquoisproposes to construct a 29-mile extension of its mainline,originating in Northport, Long Island, and terminating at a newinterconnect with Consolidated Edison in Bronx, NY. Thisinterconnect will provide access to both Con Ed and the New YorkFacilities System.
Iroquois Seeking Customers For New York City Pipe
The Iroquois Gas Transmission System LP is holding an openseason for gas delivery into the New York City area. Iroquoisproposes to construct a 29-mile extension of its mainline,originating in Northport, Long Island, and terminating at a newinterconnect with Consolidated Edison in Bronx, NY. Thisinterconnect will provide access to both Con Ed and the New YorkFacilities System.
Viking Pricing Proposal — A ‘Watershed’ Event or Bust
Based on its own interpretation of FERC’s new policy on capacitypricing, Viking Gas Transmission is seeking authority to chargehigher incremental rates for historically lower-priced capacity asit becomes available on its system without filing a new rate case.Some believe Viking’s proposal – the first of its kind – may proveto be a “watershed” event for the Commission’s still-evolvingpolicies on the pricing of interstate pipeline capacity.
PP&L Wins MD Township Supply Contract
Seeking to expand its presence in the Pennsylvania-NewJersey-Maryland market, PP&L’s marketing subsidiary, PP&LInc. agreed to a one-year gas services contract with the townshipof Easton, MD, earlier this week.
