New York regulators approve demand reduction programs

HOUSTON, Mar. 30, 2001—The New York State Public Service Commission approved programs to limit electricity demand at peak use time and ordered the state’s electric utilities to file revised plans to pay customers who bid to curtail load.

New York, March 29, 2001 — Moody’s Investors Service has conducted a credit assessment of the plan by Reliant Energy, Incorporated (Reliant or REI) to separate into two companies, Regco and Reliant Resources, Inc. (RRI or Unregco).

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