Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (17596)	1/30/2003 12:26:41 PM
From: CpsOmis	Respond to of 206334

Any ideas on the impact of this story on RRI? Appears it may have a postive impact, but I don't know the business.. biz.yahoo.com Midwest grid cannot favor short-term clients--FERC Thursday January 30, 11:46 am ET WASHINGTON, Jan 30 (Reuters) - The Midwest Independent Transmission System Operator (ISO) cannot reject a customer request to buy long-term, firm electricity transmission in favor of another contract with a shorter term, the Federal Energy Regulatory Commission ruled. ADVERTISEMENT The ruling, which was made public on Thursday, came in a case filed by Omaha-based Tenaska Inc. Tenaska complained to the FERC that the Midwest ISO last year unfairly rejected its request for long-term transmission capacity to ship electricity to the Michigan-Ontario border in favor of short-term transmission buyers. Tenaska's complaint was supported by other companies such as Dynegy Inc. (NYSE:DYN - News), Reliant Resources (NYSE:RRI - News) and Public Service Enterprise Group Inc. (NYSE:PEG - News). Indiana-based Midwest ISO covers 15 states stretching from the Appalachians to the Rockies and into parts of Canada, controlling the flow of electricity over some 86,000 miles of electric transmission lines. The FERC has encouraged the creation of regional transmission organizations to promote competition, ease congestion and lower costs for consumers throughout the nation. The Midwest ISO asked the FERC to dismiss the complaint on the grounds that it services transmission requests on a first-come, first-served basis. "We are not persuaded that Midwest ISO has justified the reasonableness of its practice," the FERC commissioners wrote in their decision. The order directed the ISO to revise its tariff within 30 days to change its policy on processing requests and to reconsider Tenaska's request under the revised rules. "This order benefits customers by providing certainty to Midwest ISO's customers concerning the processing of long-term firm transmission service requests," it said. Privately held Tenaska owns electric generating plants in Virginia, Oklahoma, Alabama, Georgia, Texas and Washington. The ruling was issued in docket EL03-30.