Lack of energy conservation efforts has put the UAE among the world's major consumers of electricity with an estimated 10 per cent annual increase - four times the world average of 2.4 per cent estimated by the International Energy Agency (IEA) in 2001, according to recent research conducted by the UAE University (UAEU). The study also identified air-conditioning as the major power consumer, and urged measures to reduce cooling demand and highlight the need for energy conservation.
El Paso Corp. and its subsidiaries have filed a settlement agreement with several California parties which would resolve two administrative decisions related to the energy crisis.
The electric power industry has made significant strides in restoring investor confidence in the past twelve months, yet more work remains to win over Wall Street and the investor community, outgoing Edison Electric Institute Chairman Erroll B. Davis Jr. told the association's annual convention here.
Allen Franklin, chairman, president and CEO of Southern Company, Atlanta, was elected chairman of the Edison Electric Institute (EEI), the trade association of shareholder-owned electric companies, international affiliates and associates worldwide.
FERC has approved El Paso Natural Gas Co.'s Power-Up Project that will help relieve capacity bottlenecks in the southwestern U.S. and will provide improved energy infrastructure for the region.
In filings to the Federal Energy Regulatory Commission, Southern California Edison and San Diego Gas & Electric advocated a return to cost based electric rates.