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Article: Senate Panel Backs Off So FERC Pricing Plan Can Work Its Mitigation Magic.(Senate Energy and Natural Resources Committee delays taking action to see if Federal Energy Regulatory Commission action will work to overcome energy problems in the West)(Brief Article)
- Article from:
- The Oil Daily
- Article date:
- June 20, 2001
CopyrightCOPYRIGHT 2001 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Senate Panel Backs Off So FERC Pricing Plan Can Work ItsMitigation Magic
A Senate energy panel on Tuesday decided to delay mark-up of legislation that would have imposed strict price caps for electricity sold on the West Coast, opting instead to wait and see how a new mitigation plan, adopted by federal energy regulators late Monday, would work.
The Federal Energy Regulatory Commission (FERC) approved by a 5-0 vote on Monday a new plan to help ailing electricity markets in California and the western US by expanding an April 26 order that had previously applied only to California. Under the FERC plan, electricity prices in the entire Western Systems ...