FERC faces a growing chorus of rebellion on earnings incentives.
"If I may say, today, we the states are the chosen ones." That was Virginia utility commissioner Hullihen ("Hulli") W. Moore, speaking on the phone in January with Federal Energy Regulatory Commission (FERC) Chairman Pat Wood and other federal and state regulators, trying to untangle the business of transmission reform.
In a "like kind exchange" transaction, the IRS permits a seller to defer taxes on its inherent gain on assets being sold.
The utility community is starting to experiment with a "like kind exchange" (LKE)-a type of tax-advantaged asset acquisition and disposition transaction used extensively in connection with commercial real estate and various types of personal property, but which heretofore has not achieved widespread acceptance in the utility industry.
The instant messaging wildfire spreads to the utilities industry.
Utilities are starting to take a good, hard look at incorporating instant messaging (IM) into their business. (Never heard of IM? Check out our primer in the sidebar.)
Spotlight Shines Again on 'Cool Losers'
Noting that "American Idol" may have "met its match," the Los Angeles Department of Water and Power (LADWP) recently revealed the winner of its "Coolest Loser" contest. The award is given to the most energy-inefficient refrigerator, based on appearance and condition.
What are the potential market impacts of LNG importation in the Western United States?
Significant interest in the development of on-shore liquefied natural gas (LNG) import facilities in the Western United States has emerged in the past several years. This interest has been spurred by the dramatic increases forecast for new merchant generation in the Southwest, and particularly California.
An analysis of holding company liability under federal Superfund and parallel state laws.
Environmental cleanup to meet federal and state requirements carries substantial costs that tend to rest disproportionately on public utilities. Looking back at their corporate history, a few utilities have discovered some unique tools to reduce this economic burden.
Confirmed:
The Senate Energy and Natural Resources Committee, by an 18-2 vote, approved Joseph T. Kelliher's nomination to the Federal Energy Regulatory Commission. Kelliher's approval follows his second nomination by President Bush. Bush also nominated New Mexico attorney Suedeen G. Kelly to fill the remainder of a five-year term expiring June 30, 2004.
