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Deregulation 2003 P1



Duke Energy settles with FERC for $2.5 million in California case
The Federal Energy Regulatory Commission (FERC) has accepted a settlement between the Commission's enforcement staff and Houston-based units of Duke Energy that resolves outstanding matters relating to the Western electricity crisis in 2000 and 2001.

Mirant settles with FERC for $3.66 million in California ancillary service charges
Energy merchant Mirant Corp. has reached a $3.66 million settlement with the Federal Energy Regulatory Commission (FERC) related to its California operations.

Brazil's new electric model to be in place by March
Brazil's new power sector model will be fully in place in March 2004, mines and energy ministry executive secretary Mauricio Tolmasquim told reporters Monday.

Ten firms express interest in Slovak power utility SE
Ten bidders have expressed interest in the state's stake in the dominant Slovak power producer Slovenske Elektrarne (SE), Slovak Economy Minister Pavol Rusko announced last week.

Committee to rule on Russian Genco sale terms
Russia's committee for reform of the national electricity monopoly RAO Unified Energy Systems of Russia will Wednesday discuss the rules for the sale of newly created wholesale generating companies, reports the Vedomosti newspaper.

FERC sets "rules of the road" for energy markets
The Federal Energy Regulatory Commission moved Nov. 13 to issue a set of market behavior rules designed to help prevent market abuse, provide a more stable marketplace and create an environment that will attract needed investment capital in the electric and natural gas industries.

Power sector still in the dark with new model
Eleven months after Brazil's President Luiz Inacio Lula da Silva took office as Brazil's President and more than a year since his team started working on a new power sector model, sector executives are still in the dark about what changes the new model will bring and how companies will be affected, writes Business News Americas.

Abu Dhabi to expand power and water at Taweelah
Abu Dhabi's fifth independent water and power project (IWPP) will be the Taweelah B/C plant development and expansion, now that the Al Mirfa project is on hold, officials said yesterday.

CEZ still in hunt for Slovak power utility
Czech power producer CEZ confirmed Friday its interest in acquiring Slovenske Elektrarne, the Slovak utility subject to a privatization. CEZ said it had written to the Slovak government indicating its interest and would be writing again in more detail in December.

Abu Dhabi's power privatisation to continue
The UAE and Iraq continued to dominate the conference proceedings Tuesday on the second day of POWER-GEN Middle East 2003, with the spotlight on the successful privatisation of Abu Dhabi's power and water sector and the reconstruction of Iraq's damaged power infrastructure.

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