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Industry News 2004 P27



Montana Power shareholders win $67m
Shareholders of Montana Power Co. and Touch America will receive up to $67m under a tentative agreement their lawyers reached with insurance companies for officers and directors of the two companies and NorthWestern Corp. to settle a class-action lawsuit, lawyers said Tuesday.

Judge keeps FPL's meter suit in court
A fight over whether Florida Power & Light Co. has overcharged commercial customers for electricity with its thermal demand meters will remain in the courts instead of going before state regulators, a Miami-Dade Circuit judge said Tuesday.

Arizona utilities struggle to meet energy demands as temperature, humidity rise
Valley utilities struggled to meet consumers' energy demands Monday as higher temperatures and humidity drove electricity use to the highest level so far this year.

Officials fortify Portland, Ore.-area power grid to fend off summer threats
As the Northwest moves into the hottest, driest time of year, its main power distributor is fortifying the transmission grid against summer threats such as heat waves and lightning strikes that can interrupt the flow of electricity.

Duke Energy to resolve FERC refund and western energy crisis issues
Duke Energy said Tuesday it has reached a settlement agreement in principle with the states of California, Washington and Oregon; federal regulators; California's three largest investor-owned utilities; and other parties to resolve refund proceedings and other significant litigation related to the western energy markets during 2000-2001.

Indian finance panel to decide on power fund
India's Planning Commission is to hold meetings to determine the federal government's participation in the India Power Fund, floated by Power Finance Corporation (PFC) to meet equity requirement in the power sector.

Annual US electricity survey forecasts relatively stable prices
NUS Consulting Group, experts in utility cost control, released on Monday the findings of its annual USA electricity cost survey. According to NUS Consulting, the national price of electricity dropped, on average, by 1.9 percent from the period of April 2003 to April 2004.

More electricity, lower emissions from lignite plants are goals of new clean coal project
US Secretary of Energy Spencer Abraham has announced the testing of the Lignite Fuel Enhancement System, a new process that could dramatically reduce air emissions from certain coal-based power plants while boosting overall generating capacity.

Georgia Public Service Commission approves road map for energy
The Georgia Public Service Commission approved Georgia Power's plan to meet the state's future energy needs Friday, without any requirement that the company begin offering incentives to customers who cut back on their power use.

Nevada loses Yucca Mountain nuclear waste fight
A federal appeals court on Friday rejected Nevada's arguments against a building a nuclear waste site in the state, but ordered the government to develop a plan to protect the public against radiation releases beyond the proposed 10 000 years.

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