Seeking greater transparency and consistency, the Federal Energy Regulatory Commission has issued a Notice of Proposed Rulemaking (NOPR) to revise accounting regulations for treatment of the retirement of tangible long-lived assets. The rule would provide a specific method of accounting for costs incurred in the retirement and removal of assets such as pipelines, power plants, buildings, etc., where there is a legal obligation to decommission and/or remove them. The NOPR would add new balance sheet and income statement accounts to the Uniform Systems of Accounts and revise the Commission’s annual report forms (1, 1-F, 2, 2-A, 6) to include the new accounts and revised schedules. The proposed effective date of the rule would be Jan. 1, 2003.
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Reporting Requirement OK’d for Transporters, Sellers to CA
FERC last week voted out a final rule that imposes a monthly (price and volume) reporting requirement on natural gas transporters and sellers to California until September 2002 in an attempt to bring gas prices there in line with other major markets around the country.
Energy Online Trading Levels Playing Field
Online trading opportunities for energy companies will growexponentially in the future, offering increased price transparency,trading opportunities, volumes of trades and less congestion in themarketplace. To work well, however, the marketplace has to providean efficient pool of opportunity and neutral platforms, said twoonline energy trading platform executives yesterday.
PowerSpring Targets Commercials, Citygates
PowerSpring.com, a newly-formed marketer-technology partnership,is rolling out a B2B website aimed at bringing price transparencyto citygates across the country, to tap the next level ofcost-conscious customers, commercial end users, according to JohnHarpole, PowerSpring executive vice president.
PowerSpring Targets Commercials, Citygates
PowerSpring.com, a newly-formed marketer-technology partnership,is rolling out a B2B website aimed at bringing price transparencyto citygates across the country, to tap the next level ofcost-conscious customers, commercial end users, according to JohnHarpole, PowerSpring executive vice president.
