Staff at the New Jersey Board of Public Utilities (NJBPU) has urged state regulators to reject the pending merger between FirstEnergy Corp. and GPU Inc. on the grounds that the two companies have failed to back up claims that the merger will not harm ratepayers in the Garden State, among other things.
utilities
Articles from utilities
Impact of Energy Crisis Assessed
Business customers of the investor-owned utilities in California are increasingly concerned about the lingering energy crisis that has spiked electricity and natural gas prices and fomented uncertainty about supplies, according to an analysis by the Los Angeles County Economic Development Corp. (LAEDC).
NU Earnings Fall Short After Special Charges
Consolidated Edison’s reservations about a merger with Northeast Utilities (NU) seem a bit clearer now following NU’s latest financial report of a 29% drop in first quarter earnings. The New England combination utility company’s results came in well short of Wall Street expectations. After non-recurring charges, NU earnings were $53.2 million, or $0.36 per share, compared with $74.6 million, or $0.55 per share, for the same period in 2000.
NU Earnings Fall Short After Special Charges
Consolidated Edison’s reservations about a merger with Northeast Utilities (NU) seem a bit clearer now following NU’s latest financial report of a 29% drop in first quarter earnings. The New England combination utility company’s results came in well short of Wall Street expectations. After non-recurring charges, NU earnings were $53.2 million, or $0.36 per share, compared with $74.6 million, or $0.55 per share, for the same period in 2000.
Williams Disputes It Has ‘Dominance’ in Western Markets
The California Public Utilities Commission’s (CPUC) claim that Williams Energy Marketing and Trading has market power in the California and western wholesale power markets and is flagrantly abusing it is unfounded, the marketer contends. Consequently, the CPUC’s request to suspend Williams Energy’s market-based rate authority should be rejected by FERC.
Williams Disputes It Has ‘Dominance’ in Western Markets
The California Public Utilities Commission’s (CPUC) claim that Williams Energy Marketing and Trading has market power in the California and western wholesale power markets and is flagrantly abusing it is unfounded, the marketer contends. Consequently, the CPUC’s request to suspend Williams Energy’s market-based rate authority should be rejected by FERC.
Southwest Gas Berated for Poor Hedging Practices
The staff of the Public Utilities Commission of Nevada has determined that Southwest Gas overpaid for natural gas last summer by about $8.13 million because of a poor hedging program and over-reliance on the spot market. As a result, the staff has recommended that amount be taken out of a rate balancing account and that the utility be ordered to improve its risk management practices.
Southwest Gas Berated for Poor Hedging Practices
The staff of the Public Utilities Commission of Nevada has determined that Southwest Gas overpaid for natural gas last summer by about $8.13 million because of a poor hedging program and over-reliance on the spot market. As a result, the staff has recommended that amount be taken out of a rate balancing account and that the utility be ordered to improve its risk management practices.
Columbia Takes Over for Bankrupt Gas Company
The Public Utilities Commission of Ohio (PUCO) has directed Columbia Gas of Ohio to operate the bankrupt West Milgrove Gas Co., in the northwestern part of the state, until a new owner is found or its 120 customers secure alternative fuel sources such as propane for their homes.
PUCO Enacts Utility Disconnection Rules
As the moratorium on electric and natural gas heatingdisconnections in Ohio came to an end on Monday, the PublicUtilities Commission of Ohio (PUCO) enacted a last minute orderstating that regulated utility companies need to follow specificsteps before disconnecting consumers for non-payment of a winterheating bill.