Suggestions

Quieting recent suggestions that the company was going to separate its regulated and unregulated divisions in the wake of its failed merger with Exelon, Public Service Enterprise Group’s (PSEG) management said last week that the entire company continues to produce strong operational results and that the continued financial success will allow for “disciplined future growth” going forward.

Quieting recent suggestions that the company was going to separate its regulated and unregulated entities in the wake of its failed merger with Exelon, Public Service Enterprise Group’s (PSEG) management said Tuesday the whole company continues to produce strong operational results and that the continued financial success will allow for “disciplined future growth” going forward.

Traders had suggestions but were unable to come up with a convincing explanation for why prices rose, often substantially, at most points Thursday after so much preceding bearishness about lack of heating load and a steep screen slide that extended into its third day.

Suggestions that Mirant temporarily shutdown a 482 MW power plant in suburban Virginia for economic reasons “are absolutely false,” Mirant CEO Marce Fuller said last Thursday. “This is peak season for all power companies, and having this plant shut down is costing us money.”

President Bush unveiled five proposals last Wednesday aimed at increasing the supply of domestic energy, including a proposal spelling out unambiguous authority for federal regulators over the siting of liquefied natural gas (LNG) import terminals. It was the president’s second speech on energy policy in a week, signaling the White House’s concern over escalating energy prices and their potential impact on the economy. He also addressed energy issues during a prime-time news conference on Thursday.

Due to the number of responses and suggestions regarding FERC’s current online systems, the Commission said that it has issued a notice of intent to modify its Commission Issuance Posting System (CIPS), Records Information Management System (RIMS) and its Docket Sheet System.

Florida is on its way toward a competitive power market, andTampa-based TECO Energy has some suggestions for a successfultransition.

Florida is on its way toward a competitive power market, andTampa-based TECO Energy has some suggestions for a successfultransition.

A top-ranking FERC official last week dismissed suggestions thatthe Commission was dragging its feet on key pipeline projects thatwould ship natural gas to the Northeast – namely the proposedMillennium, SupplyLink, MarketLink and Independence lines. “…[W]elove new pipelines,” said Richard O’Neill, director of the Officeof Economic Policy, “but we don’t want these new pipelines to turninto stranded costs.” Also, he cited environmental concerns.