Solve

Although getting 13 parties to agree on how to solve the naggingproblem of imbalances, a new Pacific Gas and Electric Co.settlement agreement on its transmission and storage operations isjust the first of a number of changes that are anticipated underCalifornia’s ongoing gas industry restructuring program. Even forthis step, state regulators still must react to the agreement andthen market participants must assess whether the provisions willresult in the market efficiencies and cost-savings that shippersare anticipating.