Bottom Line Energy Issues - October 2001 - Notes

Oct. 8, 2001

Best Utility Named

South Carolina Electric & Gas, principal subsidiary of SCANA Corporation scored highest in the nation in customer satisfaction for electric service to large customers in the eighth annual survey by TQS Research. The survey measures reliability, power quality, pricing/rate structure, energy efficiency, and account representative performance. The company serves 540,000 electric consumers in South Carolina and more than a million gas customers in SC, NC, and GA. TQS Pres. Joe Ellis said SCE&G did an excellent job of using last year's survey results for benchmarking. "They identified areas for improvement and pursued a plan of action."

Nevada Utilities: Rate Boost Needed to Recover $1.2 Billion

Peaks in short term purchases last summer coupled with rate caps on retail sales prices now threaten utilities with skyrocketing accounts payables to suppliers unless the state approves a gigantic rate increase by next Spring. Nevada Power, which serves Las Vegas needs $870 million and Reno-based Sierra Pacific Power needs $200 million. The state PUC is required to adjust rates so they approximately cover future costs in addition to the adjustment needed to cover past expenses over budget. The cost can be spread over three years, but the full impact will not be known for several months after the official filing that was due Oct. 1.

Montana Power First Utility to Leave Electric Business

Shareholders approved the sale of the company's utility to NorthWestern Corporation for $1.1 billion, paving the way for its transition to Touch America, a telecom services company based on a new fiber optics network being completed. Closing is expected in the fourth quarter. The Montana Public Service Commission still must determine that the purchased utility will remain a fit, willing, and able electric and natural gas provider under the new owners. Bob Gannon, Chair said, "With completion of this sale, Touch America will have $1.6 billion in assets, cash in the bank, and no debt. We believe the company will be profitable and have a fully funded business plan for 2002 and 2003."

Reliant ESCO Has a Deal For You

Reliant Energy Solutions of Houston, TX now provides an Internet-based application called Energy Commander (TM) that enables facility managers to track energy usage and make load adjustments and upgrades to reduce overall costs. In addition, the system allows users that have their own distributed generation plants to manage the equipment from anywhere there is a connection to the World Wide Web. Pres. and CEO Jim Ajello said, "While Energy Commander (TM) is available as a stand-alone product, we use it as the backbone for our total energy management service." You can arrange a demonstration or get more info from William Symmes at 713-207-6691.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations