The acquisitions of Pacificorp by ScottishPower plc and of the New England Electric System by National Grid Group plc mark the first takeovers of major U.S. electric utilities by foreign companies. In closing these transactions, the foreign buyers had to negotiate a maze of state and federal regulatory hurdles. Although approvals of local officials for the ScottishPower merger were secured only after lengthy hearings and rate concessions, merger proceedings at the federal level have been largely
Unicom appointed Elizabeth Anne (Betsy) Moler as senior vice president for federal government affairs. Currently an attorney in private practice in Washington, D.C., Moler is a former chair of the Federal Energy Regulatory Commission (FERC). She served as FERC chair from 1993-1997 and as the deputy secretary for the Department of Energy from 1997 to 1998.
Within the office of the chief financial officer (CFO), executives are realizing the need to shift their focus from that of regulatory accounting and traditional scorekeeping to becoming a trusted advisor and business partner within their organization.
North American Electric Reliability Council (NERC) appointed David W. Hilt director of compliance. Hilt previously served the Mid-America Interconnected Network Regional Council and has been involved with NERC and its various committees for many years.
Coastal Corp. elected Anthony W. Hall Jr. board director. Hall serves as Houston`s city attorney and has served as Metropolitan Transit Authority of Harris County chairman, elected twice to city council positions, and served in the Texas house of representatives.
After nine days of a simulated market test, participants in the planned New York Independent System Operator (NY ISO) decided to postpone its launch until mid-October.
The Department of Energy will provide $5 million of the $21 million EnerTech Environmental Inc., Atlanta, needs to build a process development facility for up to 100 tons/day to illustrate its SlurryCarb process, which converts organic wastes into E-Fuel, a low-sulfur fuel supplement.
The California ISO appointed Ms. Zora Lazic as its new vice president-client services. Lazic was previously associate general counsel for B.C. Hydro`s power marketing subsidiary, Powerex.
The New Mexico Supreme Court issued an order halting a retail electric competition pilot program in Albuquerque, pending a full hearing. Utility Public Service Company of New Mexico (PNM) requested the review on the grounds that only the state legislature, and not the state Public Utility Commission, has jurisdiction to implement retail competition.
Minnesota Power of Duluth, Minn., filed a complaint with the Federal Energy Regulatory Commission (FERC) in late December charging Northern States Power Co. (NSP) with breach of contract. According to Minnesota Power, NSP promised in 1996 to support an independent system operator (ISO) proposal advanced by the Mid-Continent Area Power Pool (MAPP), in return for Minnesota Power`s support of NSP`s ill-fated merger with Wisconsin Electric. The complaint asks FERC to "order NSP to join the existing