Public Utilities Commission of Ohio Staff disclosed that winning bidders in the recent Columbia Gas Standard Service Offer auction were as follows: BP Energy Company; Constellation NewEnergy-Gas Division; Delta Energy LLC; DTE Energy Trading, Inc.; Energy America, LLC (Direct Energy); NextEra Energy Power Marketing, LLC; and SouthStar Energy Services, LLC.
D.C. PSC Approves Pepco SOS Rates with Higher Admin Charge
The District of Columbia PSC has approved Pepco's filed SOS rates for the 12-month period beginning June 1, 2011. Aside from incorporating results of the most recent procurement, the rates reflect a higher SOS administrative charge as well (see discussion in 2/24)
ERCOT Reports Additional Short Pay due to Abacus Default
ERCOT reported that Qualified Scheduling Entities and Congestion Revenue Right Account Holders that are owed monies from ERCOT on invoices due for payout on March 11, 2011, were short paid by an aggregate of $18,976.96 due to the default of Abacus Resources Energy LLC. ERCOT previously reported in docket 39192 that it estimated the total losses incurred by the ERCOT market resulting from Abacus' default to be in excess of $730,000, and the most recent short-pay combined with two earlier short payments approximately equal that estimate.
PUCT Revokes REP Certificate of M3, LP
The PUCT revoked the REP certificate of M3, LP for failure to meet the new requirements of Subst. R. 25.107. M3 had never served customers since certification in 2004, and the revocation was not contested.
Mass. DPU Establishes Net Benefits Test for Mergers, to Include Review of GHG Emissions
The Massachusetts DPU has modified the standard for evaluating mergers and acquisitions of public utilities, including holding companies, to require that petitioners demonstrate that a merger or acquisition provides "net benefits" to satisfy the statutory requirement that such transactions are "consistent with the public interest." Additionally, the DPU said that the Global Warming Solutions Act requires that the DPU consider in evaluating costs and benefits the, "reasonably foreseeable climate change impacts, including additional greenhouse gas emissions, and effects, such as predicted sea level rise," of any transaction. The DPU's decision will apply in the pending Nstar-Northeast Utilities merger review (10-170).