New York regulators call for cut in price cap

Regulators also want the Federal Energy Regulatory Commission (FERC) to “retroactively correct” wholesale prices and award refunds to consumers, if it determines gains by generators were the result of market power abuse.

HOUSTON, Dec. 14, 2000 (PRNewswire) – Duke Energy (NYSE: DUK) business unit Duke Energy North America (DENA) today announced the sale of a 23-percent interest in a 500-megawatt merchant power plant under construction in McClain County, Okla., to the Oklahoma Municipal Power Authority (OMPA). Terms of the transaction were not disclosed.

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