The Public Utilities Commission of Ohio (PUCO) has approved an emergency rate increase for former customers of Paramount Natural Gas Co. who are now served by Southeastern Natural Gas Co. Under the terms of the ruling, a typical customer currently paying $76.52 will see his bill increase to $81.74 for 8 Mcf per month.
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Articles from utilities
Alberta Regulators Shoot Down Shell’s Drilling Plans
The Alberta Energy and Utilities Board dealt a blow to Shell Canada Ltd. by rejecting an application to drill a prime target that the company wanted badly enough to invest more than two years in seeking approval. The dramatic regulatory setback has left industry executives voicing hope that it was an isolated case and confirmed that the Canadian Association of Petroleum Producers has been right to target access to drilling targets as a priority issue.
PUCO Approves Southeastern Rate Increase
The Public Utilities Commission of Ohio (PUCO) has approved anemergency rate increase for former customers of Paramount NaturalGas Co. who are now served by Southeastern Natural Gas Co. Underthe terms of the ruling, a typical customer currently paying $76.52will see his bill increase to $81.74 for 8 Mcf per month.
Upstate New York Utilities to Merge
Albany-based Energy East Corp., parent of New York StateElectric and Gas, is spending $1.4 billion to acquire RGS EnergyGroup, creating a Empire State powerhouse that would serve almostthree million customers, including half of those in upstate NewYork. The boards of both companies approved the deal last week.Energy East also will assume about $1 billion of RGS Energy debt.
FERC Gives Kudos to El Paso for Re-Assigning Capacity
FERC yesterday gave El Paso Natural Gas high marks for carryingout the firm capacity re-allocation plan that it approved for thepipeline’s system last October. At the same time, it shot down allof the protests and rehearing requests lodged primarily by SouthernCalifornia Gas (SoCal).
PG&E Securitization Extended; State Considers Buying Gas
The California Public Utilities Commission (CPUC) offeredPacific Gas and Electric half a loaf again last week, extendingfrom three months to six months its authorization for the utilityto sign gas supply contracts securitized by gas customer revenue.Meanwhile, not satisfied with their handiwork on the electric side,California politicians said they might have to get into gaspurchasing to shore up new generation requirements.
Pepco-Conectiv Merger Becomes Reality
Rumors last week about a potential marriage between Mid-Atlanticutilities Potomac Electric Power and Conectiv turned out to be onthe money. The two companies announced yesterday that Pepco willbuy Conectiv for a combination of cash and stock valued at $2.2billion or $25/CIV share, a 19% premium compared to Friday’s close.
CPUC Vows to Review Dynegy’s Costs
The California Public Utilities Commission (CPUC) thinks DynegyPower Marketing Inc. doth protest too much.
CPUC Vows to Review Dynegy’s CA Costs
The California Public Utilities Commission (CPUC) thinks DynegyPower Marketing Inc. doth protest too much.
CPUC Vows to Review Dynegy’s CA Costs
The California Public Utilities Commission (CPUC) thinks DynegyPower Marketing Inc. doth protest too much.