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January 10, 2011

FERC Denies Rehearing on Elimination of Corporate Guarantees in ISO New England
FERC denied rehearing of its July order which eliminated corporate guarantees as a form of credit in ISO New England (ER10-942).  Several competitive retail and wholesale suppliers had sought rehearing, arguing that the elimination of corporate guarantees would confer a competitive advantage to state-regulated default service providers, which do not rely on corporate guarantees, by imposing new costs on competitive load serving entities (e.g. the cost of letters of credit) that would not be similarly assessed on state-regulated service providers (8/17).  FERC dismissed such concerns.

FirstEnergy-Allegheny Merger Clears DOJ
The U.S. Department of Justice has closed its investigation of the merger of FirstEnergy Corp. and Allegheny Energy, Inc. without any adverse action.

Oxxford Utility Customer Information Services Joins NEM
Oxxford Utility Customer Information Services, LLC has joined the National Energy Marketers Association.  Oxxford Utility Customer Information Services offers various customer prospecting databases and services.

 

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