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Deregulation 2003 P5



Strategic Energy enters the New Jersey electricity market
Commercial and industrial electricity customers facing big changes in New Jersey have a new competitive option.

Texas Commercial Energy files antitrust lawsuit against power market participants citing market abuses and fraud
Texas Commercial Energy has filed a federal antitrust lawsuit against various electric companies claiming that they violated federal and state law by illegally manipulating the Texas electric market and fraudulently inflating prices.

N.J. consumers brace for impending energy deregulation
With the impending energy deregulation in New Jersey, the need for energy efficiency is greater than ever before. As of August 1, 2003, rate caps will be lifted and consumers will be exposed to what industry experts refer to as "open market competition."

Movement of €2.5bn shakes up Italy's power market
New analysis from independent market analysts, Datamonitor less than four years after the Bersani Decree introduced limited competition among Italian electricity suppliers reveals that more than half the country's major energy user market has already switched supplier.

Commission issues sweeping show cause orders to companies alleged to have gamed western energy markets; hearings set to explain actions, address remedies
The Federal Energy Regulatory Commission (FERC) on Wednesday issued two broad show cause orders to over 60 power trading companies that are alleged to have engaged in manipulative practices that disrupted the western energy markets in 2000-2001.

FERC acts to stem market abuse; proposals would strengthen electric, gas market rules
In its continuing efforts to prevent market abuse and provide clear "rules of the road" for all market participants, the Federal Energy Regulatory Commission on Wednesday proposed rules to curb improper market manipulation while tightening communication and reporting requirements for electric power and natural gas markets.

Senate Bill 1280 signed by Texas governor
Cap Rock Energy Corp. announced that Senate Bill 1280 was signed into law by Texas Governor Rick Perry on June 22, 2003.

FERC upholds Western power contracts, Connecticut contract
FERC on Wednesday said power buyers had failed to make a case for modifying power contracts in the West, also denying a refund request from Pacific Northwest.

California representatives urge FERC to reconsider APX refund liability
California members of the U.S. House of Representatives recently sent a letter to the Federal Energy Regulatory Commission (FERC), asking the commission to reconsider its position to hold Automated Power Exchange (APX) liable in the California Refund Proceeding.

Pacific Gas and Electric Co. and PG&E Corp. comment on proposed Chapter 11 settlement
Pacific Gas and Electric Co. and its parent PG&E Corp. issued a joint statement on the proposed settlement of the utility's Chapter 11 case with California utility regulators.

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