Democrats in the House of Representatives are gearing up to wage a fight this week that, if successful, would force consideration of energy price-cap legislation on to the House floor. The move by House Democrats stands in marked contrast to a recent decision by their counterparts in the Senate to hold off on similar legislation in the wake of a move by FERC last week to extend price controls on bulk electricity transactions to the entire western region.
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Northeast, ConEd Wage Legal War, Call Off Merger
Northeast Utilities and Consolidated Edison ran from the altarto the courtroom last week. Their $3.8 billion marriage (excludingassumption of $3.9 billion in NU debt) has been called off and thecompanies now are waging a legal battle over which one of themviolated the agreement.
Northeast, ConEd Wage Legal War, Call Off Merger
Northeast Utilities and Consolidated Edison ran from the altarto the courtroom this week. Their $3.8 billion marriage (excludingassumption of $3.9 billion in NU debt) is off and the companies noware waging a legal battle over which one of them violated theiragreement.
Utilities Wage Stealth War To Kill Restructuring
Multiple electric utilities have waged a clandestine campaignover the past 3 years to funnel about $17 million through twoWashington, D.C. front groups in an effort to stall electricrestructuring legislation in the House Commerce Committee’s Energyand Power subcommittee, the Washington Post reported last week.
Utilities Wage Stealth War to Kill Restructuring
Multiple electric utilities have waged a clandestine campaignover the past 3½ years to funnel about $17 million through twoWashington, D.C. front groups in an effort to stall electricrestructuring legislation in the House Commerce Committee’s Energyand Power subcommittee, the Washington Post reported yesterday.
Electronic Trading Systems Wage Price War
The two major electronic natural gas trading systems havestarted a price war, slashing transaction fees to zero at multiplelocations for the month of September. In late August, Altra EnergyTechnologies announced a “Streamline Inventory Reduction Sale,”reducing prices to 0.001 cent/MMBtu at all its major Louisiana andTexas locations and dropping fees to zero at all of its othertrading points. Soon after, QuickTrade countered by dropping feesto 0.001 cent/MMBtu for day trades at major Louisiana an Texaspoints and Chicago, and cutting costs to zero for day trades at theColumbia Gas pool and the Henry Hub.