Southern California Edison Co. Tuesday said it reached agreement with most qualifying facilities (QF) power producers that could lead to full compensation for past due bills and that creates a mechanism for ending numerous lawsuits. Southern California Edison, the nearly insolvent utility arm of Edison International, said it received signed agreements from QFs representing 95% of its renewable energy capacity and executed those contracts. (By the OGJ Online Staff)
The California Public Utilities Commission Thursday approved elements of a deal to rescue Southern California Edison Co. from potential bankruptcy, but delayed action on one of the most controversial provisions until later in the month. Regulators postponed voting on findings of investigation into the relationship between the utility and its parent Edison International. (By the OGJ Online Staff)
With a deadline bearing down, the California Public Utilities Commission does not have specific items on this week's public agenda needed to keep Southern California Edison Co. out of bankruptcy under a plan negotiated between the utility and Gov. Gray Davis. The utility defaulted on $200 million more in long-term notes Friday. (By the OGJ Online Staff)
California gas producers and customers complained to the Federal Energy Regulatory Commission Thursday about constraints on Southern California Gas Co. intrastate pipeline system. The competition for capacity is so fierce that customers are nominating gas in the trillions of cubic feet in order to be placed higher on SOCAL's allocation list. And producers denied access fear they may have to shut in production. (By Ann de Rouffignac, OGJ Online)
Allen Franklin, CEO of Southern Co., said the company would focus on its regulated retail businesses in the Southeast to become a 'super-regional' energy company. The large utility holding company will go back to its roots of regulated utilities but with a twist. Southern retained some of the unregulated wholesale generation business from its spinoff of merchant generator Mirant Corp. (By the OGJ Online Staff)
Southern California Gas Co., a unit of Sempra Energy, plans to boost its California pipeline capacity by another 200 MMcfd of gas to supply surging demand by electric generating plants. In the past 2 months, units of Enron Corp., Williams, El Paso Corp., Pacific Gas & Electric Corp., Questar Corp., Calpine Corp., and Kinder Morgan Inc. have announced gas pipeline projects to serve California. (By the OGJ Online Staff)
Southern Company ranked highest in overall customer satisfaction for electric service to midsize business customers in the southern United States, according to the latest J.D. Power and Associates study.
A California state judge granted independent power producer Covanta Energy International Inc. a writ temporarily freezing certain assets, subject to bonding requirements, of faltering Southern California Edison Co. The April 27 court action gives Fairfax, Va.-headquartered Covanta, a qualifying facility; a mechanism to recover $35 million in bills owed by the utility for power delivered but unpaid since November 2000. (by Ann de Rouffignac, OGJ Online)
Southern California Edison Co. alerted financial analysts of a possible $2.5 billion after-tax write-off to fourth quarter 2000 earnings, if the California regulators don't modify a Mar. 27 order.
CMS Energy Corp.'s CMS Trunkline Gas Company said FERC has approved the abandonment of one of Trunkline's three parallel natural gas pipelines, allowing its conversion to refined petroleum products service.