California's 1993 qualifying facility (QF) auction dramatically illustrates problems that can be encountered in structuring auctions for electric utility solicitations of supply-side resources from qualifying cogeneration and small power production facilities.
In the 1993 California QF auction, three California utilities were to select QFs that would be awarded long-term purchased-power contr
Virginia Corporation Commission staff have discovered that Virginia Power Co. (VP) customers overpaid $11 million for fuel under a renegotiated coal-hauling contract with CSX Transportation. Without corrective action, VP would continue to bill ratepayers for excessive fuel payments through 2000, when the contract expires.
The interim consultant's report on the Dominion Resources/Virginia Power (DRI/VP) merger identifies problems with the holding company structure.
DRI/VP claim that the report's corporate structure recommendations conflict substantially with their settlement agreement, and appear to impose unique and extraordinary constraints on corporate governance.