Staff of the Maine Public Utilities Commission (PUC) recommendCMP Natural Gas (CMPNG) be allowed to serve “un-served” areas ofGorham and Westbrook, ME, as well as serve Calpine’s proposed540-megawatt gas-fired power plant in Westbrook. Last July, CMPNGand Calpine signed a long-term contract to provide gas deliveryservice contingent upon PUC approval. Construction of Calpine’s$200 million electric generating facility is under way and willrequire gas service by June 1.
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Non-Core, International Investments Not Paying
Increasing competitive pressure inside traditional monopolyutility market territories has triggered somewhat of a revival ofinvestment diversification by gas and electric utilities. But theseinvestments are not what they’re cracked up to be, according toenergy consulting firm Metzler Services, a subsidiary of Metzler& Associates. Non-core investments, including internationalventures, did not payoff over the year ended last September,Metzler calculated in its third quarter Flashreport, released lastweek.
January 25, 1999