In April, Texas Utilities announced that it would buy ENSERCH, Western Resources launched a hostile takeover bid for Kansas City Power & Light, and The Southern Co. initiated its ultimately futile bid for the United Kingdom's National Power. Eight other pending mergers involving major electric utilities have been announced during the last year. Utility managements clearly believe their future success requires merging with other utilities.
The Nuclear Regulatory Commission has approved Portland General Electric Co.'s (PGE's) decommissioning plan for the Trojan nuclear power plant. The Trojan plant, which began operating in 1975, was permanently shut down in January 1993. PGE filed its decommissioning plan in January 1995, proposing to move the spent fuel to onsite dry cask storage, dismantle radioactive structures, and decontaminate the site for unrestricted use (except for the dry-cask storage area). t
Lori A. Burkhart is an associate legal editor of PUBLIC UTILITIES FORTNIGHTLY.
LG&E Energy Corp. and subsidiary Louisville Gas and Electric Co. (LGE) have withdrawn from the Edison Electric Institute (EEI) over the issue of electric restructuring.
In a letter to EEI president Thomas Kuhn, LG&E chairman and CEO Roger Hale said that LG&E advocates competition and retail access at the earliest possible date through federal legislation.
Power marketing administrations (PMAs) suffered a setback on May 2 when the U.S. House Subcommittee on Water and Power Resources held an oversight hearing on the Pick-Sloan Eastern Division of the Western Area Power Administration (WAPA). According to a General Accounting Office (GAO) report issued that morning, about $454 million of the Division's irrigation and flood control investment in hydropower facilities will not be recoverable, because the irrigation projects will not be completed.
The Federal Energy Regulatory Commission (FERC) generally has denied rehearing of its comprehensive September 29 rate order concerning Southern Natural Gas Co. (SNG). The order settled 23 rate cases, resolved the company's costs associated with the transition to Order 636, and refunded about $150 million to customers. Last September, FERC chair Elizabeth A.
Regulatory Commission to allow it to charge only marginal transmission costs (cost incurred due to additional electric power being transmitted on the system), and no embedded costs (fixed investment in plant and other facilities).
The three largest California investor-owned utilities (IOUs) (em Pacific Gas and Electric Co., San Diego Gas & Electric Co. (SDGE), and Southern California Edison Co. (SCE) have circulated for comment working drafts of future Federal Energy Regulatory Commission (FERC) filings concerning a deregulated electricity industry.
One 150-page proposal asks that operational dispatch control of transmission facilities be conveyed to an ISO, beginning January 1, 1998.
Deregulation, competition, and marketplace practices have been spreading slowly across the communications business for decades. In their wake, they have left lower prices, faster innovation, and more services, jobs, profits, and productivity.
Among the proposals for still further change, one of the most shocking is the idea that radio rights should be bought and sold on the open market, just like land or any other commodity.
The Nuclear Energy Institute reports that nuclear power plants are exceeding performance goals for safety and reliability. In 1995, the U.S. nuclear industry:
s Achieved the highest capability factor ever: a median value of 82.6 percent. (Unit capability is a percentage of the most electricity a plant can produce, limited by plant management.)
s Reduced unplanned automatic shutdowns or scrams by almost 90 percent since 1980.
s Met safety performance in 94 percent of the systems.