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For several years, industry experts have been predicting that value-added products and services will be the key to utilities' and energy services providers' (ESPs') success in the competitive market. However, so far, there has been a lot of talk about value-added products and services and little action.
The Federal Regulatory Energy Commission will release Nov. 1 the staff findings of an investigation of the problems in the California wholesale electricity markets, the commission said Thursday.
Stephen L. Baum, vice chairman, president and CEO of Sempra Energy has been appointed chairman. Baum succeeds former chairman Richard D. Farman, who has retired from the company. Baum has served as Sempra Energy's CEO since June. Previously, he was vice chairman, president, chief operating officer and a member of the board of directors of Sempra since 1998 (when it was formed by the merger of Enova Corp. and Pacific Enterprises).
A review of value of the Detroit Edison's assets reveals that the company has no net stranded costs according to testimony provided this week to the Michigan Public Service Commission by the Association of Businesses Advocating Tariff Equity.
Black Hills Corp. announced recently that its independent energy subsidiary Black Hills Energy Capital Inc. (BHEC) has signed two ten-year contracts with Public Service of Colorado (PSCO) to supply electricity from the Arapahoe and Valmont facilities in the Denver and Boulder metropolitan areas.
Fitch IBCA said it lowered its ratings outlooks for San Diego Gas and Electric Co. (SDG&E), Southern California Edison Co. (SCE), and Pacific Gas and Electric Co. (PG&E) to negative from stable.
Back during my college days, I had a business law professor who often said that California was the testing ground for many new laws. Since April 1, 1998, California has indeed been the testing ground for electricity deregulation and customer choice. Even though several states have introduced competition and several others are following suit, the focus remains on California.
Texas consumers will have 15-20 choices among electricity providers when competition begins in 2002, if the retail market shapes up as legislators and regulators expect. Yet experts who have reviewed market conditions are not so sure how many electricity retailers will actually be attracted to Texas. Prices may be attractive for the first 2 years, but experts worry that after 2004 uncertainty over new estimates for stranded costs could discourage new entrants.
Officials of Sempra Energy, and its subsidiary, San Diego Gas & Electric (SDG&E), endorse the decision of federal regulators to formally investigate the structure of California's electricity market and the cause of high electricity prices charged to Californians.