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January 26, 2011
Pepco, Delmarva Ask to Withdraw SOS CWC Tariffs from Admin Meeting
Pepco and Delmarva
Power filed formal requests with the Maryland PSC to withdraw their January 18, 2011
tariff filings, under which SOS rates would be increased next month to reflect higher
cash working capital costs, from today's PSC administrative meeting (see 1/25). It
was not clear what effect withdrawing the tariffs from the Commission meeting would
have on the utilities' previous intention to place the tariffs into service by operation
of law.
Dynegy Receives No Bona Fide Offers in Go-Shop Period
Dynegy Inc. announced yesterday
that it did not receive any bona fide acquisition proposals prior to the expiration
of its go-shop on January 24, 2011. Dynegy has entered into an agreement to be acquired
by Icahn Enterprises L.P. for $665 million.
DPUC Draft Would Set Hearing on NU-Nstar Review Question
The Connecticut DPUC issued
a draft administrative order yesterday under which it would hold public hearings and
oral arguments regarding whether it has, and if so should exercise, authority over
the Nstar-Northeast Utilities merger. As only noted in Matters (1/20), a pending
draft order would affirm a prior decision that the DPUC need not approve the merger.
The hearing would be held to further inform the Commission before issuing a final
order on the jurisdictional issue. Separately, Sen. John Fonfara and Rep. Vickie
Nardello asked the DPUC to hold such hearings as contemplated by the draft, noting
that while they could introduce legislation to address their concerns about their
merger, they prefer to "honor the regulatory process."
FirstEnergy Ohio Utilities Seek Ohio Solar Force Majeure Declaration
The FirstEnergy
Ohio utilities have sought a declaration of force majeure concerning the in-state
Ohio solar RPS requirement, stating that insufficient solar RECs exist to meet the
benchmark for 2010. Despite several RFPs, bilateral negotiations, and a customer-sited
REC purchase program, the FirstEnergy utilities only obtained 112 delivered in-state
solar RECs of the required 3,206. The FirstEnergy companies asked that their compliance
mandate be lowered to the 112 in-state solar RECs procured.
Reliant Energy Named Official Supplier of Houston Technology Center
Reliant Energy has
been named official energy supplier of Houston Technology Center, and will provide
all of the electricity for HTC's two-building campus on 410 Pierce Street in midtown
Houston. The Houston Technology Center provides education, insight, and access to
capital that entrepreneurs need for commercialization.
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