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Industry News 2004 P30



Utility consultants back Dominion's entrance into regional power grid
The prospect of Dominion Resources joining a regional power grid looks strong because consultants for the utility and the state agree that Virginians will reap significant savings from the move.

Georgia Power seeks hefty rate increase averaging $5.25 per month per home
Some Columbus-area residents will begin paying an average $5.25 more per month on their electricity bills in January should Georgia Power Co. be granted its request for an increase on its base rates.

Bidder for Portland, Ore., utility calls city's plan to buy firm a 'sham'
Texas Pacific Group founder David Bonderman on Wednesday stood by his contention that an acquisition of Portland General Electric would benefit the public, even without rate cuts.

Pennsylvania utility seeks system improvements charge
PPL Corp. has joined the list of utilities trying to get approval to charge customers monthly for the cost of system improvements without bringing a rate case before the state Public Utility Commission.

Iranian energy delegation returns after talks with India
An Iranian Hydrocarbon delegation led by Deputy Oil Minister left New Delhi for Tehran Wednesday morning following talks here on two-way energy cooperation.

India's NTPC hopes to raise up to $434m from august IPO
State-owned thermal power generator National Thermal Power Corporation (NTPC) is likely to hit the market with a maiden public offer for shares in the first week of August, targeting to raise up to Rs20bn ($434m).

Governor, cabinet rule in favor of new power line to serve southwest Florida's electric needs
Florida Power & Light Company today announced that the state's governor and Cabinet ruled in favor of the company's plan to add an electric transmission line to serve southwest Florida and to build it on a new route separate from an existing transmission line corridor in the region.

Dominion, American Electric Power update Virginia lawmakers on grid plan
Virginia's two largest electric utilities hope to turn over their transmission wires to a regional operator by this fall, the companies told legislators.

India and Iran reach impasse on price for imported LNG
India and Iran have reached an impasse in negotiations on the price of liquid natural gas (LNG) to be imported by India. India is to import 5m t of LNG in lieu of Tehran offering a stake in a recently discovered oil field.

India's Kochi LNG terminal to be completed by September
The process for setting up of the much-awaited Liquid Natural Gas (LNG) terminal at Kochi by the state-owned National Thermal Power Corporation (NTPC) was expected to be completed by September this year and the techno-commercial bids submitted by eight companies would be opened on July 21, federal Power Minister P M Sayeed said on Tuesday.

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