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Fortnightly Magazine - July 15 1995

Capacity Release Standards Issued

On May 31, the Gas Industry Standards Board (GISB) circulated for industry review and comment proposed electronic standards for capacity release. The proposed standards are based on the work of the Federal Energy Regulatory Commission (FERC) electronic bulletin board (EBB) working group, and include those formally adopted by the FERC in Order 563. GISB added easy implementation methods and expanded the definitions of the information requirements. It also included enhancements that the FERC EBB working group plans to file for FERC review in the near future.

Byline: 
Lori A. Burkhart
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Commentary: Pro & Con

Ferd. C. Meyer

Senior V.P. & General Counsel

Central & South West Corp.

While I agree wholeheartedly with Mr. Hawes's conclusion that outright repeal of the 1935 Act (PUHCA) is needed, I disagree with his conclusion that the odds are currently against repeal.

The general enthusiasm for deregulation in Congress and the Administration (as noted by Mr. Hawes), and the compelling case for repeal, will, I believe, overcome arguments opposing repeal of a statute that is the embodiment of unnecessary and burdensome regulation.

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GAO Wants 10-Percent Rate Hike for TVA

Tennessee Valley Authority (TVA) chief operating officer

Joe Dickey is displeased with a General Accounting Office (GAO) report advocating a 10-percent rate hike for TVA. Dickey says that TVA has held rates steady for eight straight years and plans to hold them stable for at least another two. He notes that the report focuses on the past and suggests privatizing TVA as an option. Dickey adds that the GAO criticizes TVA cost,s but ignores that TVA has cut its workforce by half since 1988 and its costs by $800 million.

Byline: 
Lori A. Burkhart
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