Entergy filed a transco plan with FERC proposing the transfer of transmission assets to the transco. In exchange, member companies would receive passive ownership, but no voting rights. With control of transmission assets, the transco would fully operate and maintain transmission systems and would assess the need for new transmission considering other resource options as part of an annual regional planning process.
Independent transmission system operators (ITSOs) are adopting diverse strategies for addressing the physical and political needs of their regions. They are entrusted with the complicated tasks of ensuring non-discriminatory and reliable transmission access, administering regional transmission tariffs, and in some cases, operating power exchanges.
FirstEnergy asked FERC for permission to transfer all of its transmission facilities to a privately owned transmission company, American Transmission Systems (ATSI). FirstEnergy companies that would transfer transmission assets include: Ohio Edison, Cleveland Electric Illuminating, Toledo Edison and Pennsylvania Power. FirstEnergy is attempting to comply with FERC`s November order that asked the company to develop a plan outlining its participation in the Midwest ISO or another appropriate regio
Maui Electric Co. chose Intergraph Utilities` geospatial resource management solution. The contract includes software and implemen- tation services, and is based on Intergraph`s fast-start electric template, which contains an industry-standard data model, symbol library, placement functions, trace routines and reports. Basing the system on template technology shortens the design and development cycle. The system includes Intergraph`s ActiveFRAMME AM/FM/GIS software; Field View for seamless map v
CMP Group closed the $846.5 million sale of its Central Maine Power unit`s power plants (1,185 MW total) to FPL Group. FPL Group won a six-month bidding process but filed suit in November 1998 to back out of the deal, claiming federal orders calling for changes in New England`s regional transmission policies were a "material adverse event" under terms of the contract that released it from its obligation to complete the purchase. However, a federal court in New York City ruled in favor of CMP.
Entrepreneurs in recent years aggressively pursued development of merchant power plants in Florida for the sale of wholesale electricity since projections are that the state may need as much as 8,000 MW of additional electricity over the next 10 years. Merchant plants are entirely funded and constructed by private equity investment and debt financing with no captive ratepayers to assure the repayment and recovery of the construction or operating costs. End users of electric power from merchant p
The Broken Hill Proprietary Company Ltd. (BHP) of Australia agreed to sell its electric power business to Duke Energy in mid-December. The A$509 million (US$315 million) transaction involves power plants and transmission lines in Western Australia and New Zealand, part of a gas pipeline in Western Australia and a portfolio of other Australian and international development projects.
With the passage of the Telecommunications Act of 1996, many U.S. electric utilities are increasingly investing in the telecommunications industry.
As the Midwest Independent System Operator (MISO) leadership works to patch the transmission entity`s holes, others are eagerly pursuing new models for moving power through the region.
The Consortium for the Intelligent Management of the Electric Power Grid (CIMEG) was awarded a three-year $1.5 million grant from the Electric Power Research Institute and the Department of Defense to develop an intelligent management system for the nation`s electric power grid. The system, which would operate in a manner similar to a computer network, would help ensure reliability in times of severe natural disasters or other crises. No system currently exists to protect the integrity of the na