The Michigan Public Service Commission (PSC) has directed Ameritech Michigan, a telecommunications local exchange carrier (LEC) to discontinue its advertising campaign for a special program billed as a protection against "slamming" (em i.e., switching a customer's long-distance service without their knowledge or consent.
The Idaho Public Utilities Commission (PUC) has ruled that the leasing of "dark" optical fibers in telecommunications cable facilities owned by Idaho Power Co.
The Maine Pubic Utilities Commission (PUC) has allowed Central Maine Power Co. to boost rates by 1.26 percent under an alternative rate plan approved in late 1994. The increase is based in part on an indicated inflation rate of 2.55 percent for the last quarter of 1996.
The PUC found considerable disagreement on whether the rates proposed by the utility would capture the full benefits from restructuring a number of the utility's purchased-power contracts with qualifying cogeneration facilities (QFs).
The Ohio Supreme Court has cleared the way for state regulators to review a complaint by Cleveland Electric Illuminating Co. that American Electric Power (AEP), a utility holding company, used one of its electric generating subsidiaries, Ohio Power Co., as a "straw man" to circumvent the state's utility service territory laws and serve one of its retail customers.
The Maine Public Utilities Commission (PUC) has decided to forgo a formal price-cap plan for Bangor Hydro-Electric Co. (BHE), an electric utility, finding that traditional regulation would better maintain the proper balance of shareholder and ratepayer interests. The PUC had approved a price-cap mechanism for Central Maine Power Co., another of the state's investor-owned electric utilities (see, Re Central Maine Power Co. 159 PUR4th 209 (Me.P.U.C.
The Virginia State Corporation Commission has authorized Virginia Electric and Power Co. to suspend a pilot program for its Standby Generation Control System. (For prior ruling approving the program, see Re Virginia Electric Power Co., 162 PUR4th 363 (Va.S.C.C. 1995).)
The approved pilot authorized the utility to install control equipment on a mixture of customer- and utility-owned generators. Virginia Power would then operate the control system to provide extra generation during peak.
Skittish Stockholders? Polling Arizona
Utilities, like the President, may face a hard fight
for this state's trust.
Should investors continue to put their faith in utilities?
Converging Markets:
The First REAL Electric/Gas MergerEnron's bid
to acquire Portland General heralds a new phase
in utility competition.
Why the Holding Company Act doesn't matter.
By Charles M. Studness
The merger agreement between Enron and Portland General Corp. has reshuffled the electric restructuring deck. It makes electric utilities takeover targets for outside suitors after 60 years of peaceful immunity.
Marriage of convenience eyes retail market.
By Richard S. Green and J. Michael Parish
Enron's proposed entry into the electric energy business is a "wake-up call." Open competition will continue to accelerate, and new, aggressive players will seek ways to become involved as the energy and energy services businesses converge.
A combined Enron/Portland General Corp.
Some shareholders do find bottom-line value
in a "marriage of convenience."
With six merger and acquisition (M&A) deals announced between May 1995 and January 1996, and three more so far this year, the long-predicted consolidation of the electric utility industry is taking hold. At least 23 utilities, with business-combination transactions pending, are part of the frenetic domestic M&A activity that has swept the industry.