Home Tags ELP Volume 77 Issue 5
ELP Volume 77 Issue 5
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.
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
Smoke billows from TECO Energy`s Gannon Station Unit 6 in Hillsborough, Port Sutton, Fla., after an explosion on April 8 claimed two lives and injured dozens of people. The main photo was taken shortly after the explosion from the deck of a freighter coming down the channel adjacent to the power plant. The inset shows the plant after much of the smoke cleared. Investigation indicated an access cover to the hydrogen gas system might have been prematurely opened during a maintenance outage. Hydrog
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.
As the slow pace of a protected market gives way to the breakneck speed of competition, utilities must cut costs and quickly adapt to a wide range of issues. In meeting these new market requirements, today`s utilities represent leaner and more aggressive investments.
John pours another cup of coffee and glances at his watch-7:30 a.m., plenty of time to pay the bills before shuttling the kids off to school. Firing up the computer, John goes to his utility`s home page and pulls up his account. Although his utility doesn`t provide all services appearing on John`s bill screen, it does handle presentment and payment.