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Industry News 2003 P47



FERC establishes rules for cash management programs, seeks comment on additional measures
With ratepayer protection and greater transparency as its goals, the Federal Energy Regulatory Commission (FERC) on Wednesday said it was implementing new regulations requiring FERC-regulated entities to maintain documentation of their cash management programs.

Fitch U.S. utility briefing: 'Daylight, but not much sunshine'
There are signs of improving credit signals in the U.S. utility sector, Fitch Ratings' Global Power team noted in a five-city credit briefing which ended in San Francisco recently.

Gas crisis threatens jobs, production, homeowners' bills
A hot summer could trigger a U.S. natural gas supply crisis that could result in higher power bills, in plants shut down, jobs lost, and production capacity exported, said Daniel Yergin, Cambridge Energy Research Associates Chairman.

Energy commission proposes new financial reporting requirements, seeks broader oversight, greater transparency
The Federal Energy Regulatory Commission (FERC) Wednesday proposed new quarterly financial reporting requirements to help the commission and the financial community identify and evaluate emerging trends, business conditions and financial issues affecting regulated energy companies.

Venezuela tackles drought potential with 60 MW mobile power
Venezuela is to receive ten mobile thermal power plants with total capacity of 60 MW from the US. The units cost $52m and will begin to arrive next month, according to Energy and Mines Minister Rafael Ramirez.

UK and Russia agree historic energy pact
The growing economic ties between the UK and the Russian Federation were strengthened today as the countries' leaders agreed to work together on increasing investment and development in energy.

Energy commission revokes Enron's market-based rate authority
The Federal Energy Regulatory Commission on Wednesday revoked the electric market-based rate authority of Enron Power Marketing, Inc. and Enron Energy Services, Inc.

Commerce Department reaffirms decision in enriched uranium trade case
The U.S. Department of Commerce (DOC) has reaffirmed and elaborated on its position in the government's trade investigation of European enriched uranium imports.

Eastman CEO says coal gasification for electricity ready today
Coal gasification as a means to produce electricity is not only a possibility for tomorrow, but also a viable option for today.

Japan's Shinko Electric to sell domestic wind power systems
Shinko Electric Co. announced on Tuesday that it would begin selling home-use, small-scale wind power generation equipment as early as the end of September.

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