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PSEG Power files NY State application to build generator lead across Hudson

PSEG Power has filed an application with the NY State PSC for permission to construct and operate a direct generator lead to deliver power to the West Side of Manhattan from a New Jersey generating station.

EIF Group invests US$5 million in utility billing services and CIS provider

Energy Investors Funds Group a private equity investor in the global energy and utilities sector, announced its US$5 million equity investment in National Water & Power, Inc.

Midwest, mid-Atlantic utilities call for conservation to weather heat

Utilities throughout the Midwest, mid-Atlantic, and New York issued heat alerts Monday lasting through the middle of the week. Many set peak demand records last week. Minnesota's Great River Energy issued a peak alert through its member co-ops for Monday, Tuesday, and Wednesday.

News Briefs

InterGen's 90 MW Larkspur Energy Facility is up and running in San Diego. The Larkspur plant is one of two InterGen facilities that comprise the Wildflower Energy Project, some of the first plants to be licensed under the California Energy Commission's emergency siting process instituted upon Gov. Gray Davis' order to expedite electricity plants that can be on line by Sept. 30, 2001.

PSE&G to use M3I’s workforce management solution to help increase field resource utilization

In its on-going commitment to improving the operational efficiencies and competitive advantages of its customers, M3i Systems Inc. announced the commencement of a new project for Public Service Electric and Gas (PSE&G), New Jersey's largest energy provider.

PSE&G offers budget plan to small business customers

To help small business customers deal with increases in natural gas commodity costs, Public Service Electric and Gas Company (PSE&G) is offering its Equal Payment Plan.

Moody’s assigns Aaa ratings to PSE&G Co.’s stranded cost securitization

Moody's Investors Service assigned ratings of Aaa to eight classes of bonds issued by PSE&G Transition Funding LLC, the first new stranded cost securitization in over a year in the U.S., as litigation temporarily short- circuited issuance.

PSE&G goes live in the middle of an ice storm

Public Service Electric & Gas (PSE&G) recently went live with phase one of its multi-million dollar Real-time Operations Management System (ROMS) and PragmaSmart delivery process from M3i.

New Jersey supreme court affirms appellate decision upholding electric deregulation

The New Jersey Supreme Court today announced it has affirmed the Appellate Court Division's decision upholding the New Jersey Board of Public Utilities restructuring and securitization orders for PSE&G.

Calpine expecting higher earnings

In an uncertain natural gas market, independent power producer Calpine has set a goal of locking up about 65% of its supply in 6-7 year contracts and owning 25% of its needs, company officials say.