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ELP Volume 78 Issue 1
Atlanta-based EBPP software company Derivion (www.derivion.com) teamed with Intuit to provide EBPP services to Intuit`s Quicken and Quicken.com. Derivion provides turnkey EBPP and customer care services using its inetBiller system, which the company says brings rapid EBPP deployment-30 to 60 days-for small to mid-tier billers.
Dynegy enters Fla. merchant market: Dynegy Inc. is developing a 500 MW, gas-fired peaking plant in Osceola County, near Orlando, Fla. Power from the Palmetto project is expected to be sold in Florida`s wholesale electric market when startup begins in the summer of 2002. Three gas turbines, operating in simple-cycle mode, are expected to burn gas delivered by the Florida Gas Transmission pipeline, and supply power through a 230 kV interconnection with Florida Power and FP&L transmission networks.
Forget about the Y2K bug-"homemade firecrackers in a plastic bucket that went off" at the base of a transmission tower briefly blinked the lights just before midnight on New Year`s Eve in 4,000 homes served by Commonwealth Edison (ComEd). Ironically, malicious, Neanderthal-like high jinks replaced high-tech mayhem in causing year 2000 rollover power disruption.
Commonwealth Edison, MidAmerican Energy Co., IES Utilities and Interstate Power Companies filed a request with FERC for a Declaratory Order approving a new model of a large-scale, for-profit transmission company, operating under the oversight of the Midwest ISO.
Duke, Phillips plan new company: Duke Energy and Phillips Petroleum Co. plan to merge their natural gas units to form one of the nation`s largest midstream natural gas liquids business, Duke Energy Field Services. The combined business is expected to have a value of between $5 billion and $6 billion. It will operate 67 plants and 57,000 miles of pipeline and will produce 400,000 barrels per day of natural gas liquids. At closing, Duke Energy will own about 70 percent of the new company, and Phil
As robust competition begins to emerge in restructured electricity markets, the dissemination of electricity information to consumers and regulators will play an increasingly vital role. The need for reliable information, critical to building consumer confidence in nascent green power markets, underscores the importance of developing legitimate tracking systems to validate claims made by power marketers about their electricity products and supply portfolios.
The Public Service Company of Oklahoma (PSO), Tulsa, Okla., ushered in the new year without Y2K-related incidents, serving as an example of the familiar adage, "no news is good news"-which continued as a common theme as midnight rolled across U.S. electric utilities. "The electric industry can be very proud of the way it did its job during the long New Year`s holiday period," said Michehl R. Gent, president of NERC. "The lights stayed on and no customers were without service due to the year 2000
NRG Energy Inc., a wholly owned, nonregulated subsidiary of Northern States Power Co., acquired electric steam generating stations and remote gas turbines totaling 2,235 MW of generating capacity from Connecticut Light & Power Co. The principal assets are the Middletown, Montville, Devon and Norwalk Harbor gas- and oil-fired steam generating stations. NRG now owns more than 7,000 MW of generating capacity in the northeast United States.
Dynegy selling plant shares to El Paso: El Paso Energy Corp.`s subsidiary, El Paso Merchant Energy Co., will buy Dynegy`s California cogeneration plants for $255 million. The Dynegy assets provide El Paso with part ownership in 11 gas-fired power generation plants and a combined capacity of 370 MW. The deal also includes an operating company with turbine maintenance.