NEM Elects New National Policy, Regional Advocacy Leadership Direct Energy Buys Natural Gas Production Amid Competitive Market C
Total Page:16
File Type:pdf, Size:1020Kb
Restructuring Today • 3 • Thursday, January 12, 2012 Direct Energy buys 2 stories in 1 minute natural gas production Pymouth, Mass grows New York IOUs form EnerNOC efforts: EnerNOC signed public policy group: Six New amid competitive market up the Pymouth, Mass public schools York IOUs formed a public policy From page two system for its “EffciencySMART” group yesterday called Energy programs to streamline energy Coalition New York, the utilities assets boosted its reserves 60%. In all, effciency across the district. The told the press. The coalition will it owns 4,600 wells in the region that deployment of EnerNOC’s technology offer guidance to the governor and produce 163 MMCFE/day (the “E” is for will boost monitoring, reporting and state legislature on energy issues. “equivalent”). alerting capabilities, with an expected Members include Central Hudson The deal brought Direct Energy’s payback period of less than a year. The Gas & Electric, Consolidated Edison, acquisitions tab to about $980 million school district was already enrolled in National Fuel Gas Distribution, in the past 19 months, it said, and it EnerNOC’s DR offerings, making the National Grid, New York State added about 500,000 residential and effciency investments cheaper than Electric & Gas and Rochester Gas & commercial customers through those other options, said the schools’ Energy Electric. transactions (RT, Dec-12). Manager Chris Hastings. [Comments] [Comments] NEM elects new national policy, regional advocacy leadership NEM elected National Policy Committee Sherman, attorney for ProLiance Energy. Stream Energy and Kerry Breitbart, chairs and Regional Advocacy Team Retail Natural Gas Policy chair is president, North American Power. leaders for 2012-2013. Chair of the Harry Kingerski, director of regulatory Advanced Energy and Environmental Executive Committee is Bill Kinneary, affairs, Spark Energy and co-chair is Dino Technology Policies chair is Bill president of North American Power and Caro, VP, Integrys Energy Services. Mahoney, president and CEO, South Vice Chair of the Executive Committee Retail Electricity Policy chair is Carolina Research Authority. is Tony Banks, VP competitive market Dan Verbanac, CEO, Integrys Energy Consumer Rights and Marketer Code of policies, FirstEnergy Solutions. Services and co-chair is Jeff Hendler, Conduct chair is Phil VanHorne, president, The National Energy Policy chairs CCO, Genie Energy. BlueRock Energy and co-chairs are Mike include Wholesale Electricity Policy Consumer Advocacy and Policy Fallquist and Jan Fox, CEO and General Chair Matthew Picardi, VP regulatory Development chair is Chris Hendrix, Counsel respectively, Viridian Energy. affairs, Shell Energy and Co-Chair Roger director of markets and compliance, Wal- Credit, Risk Management, Clearing Ruch, director of FERC and RTO market Mart Stores and Texas Retail Energy. and Financial Policies co-chairs are John policy for First Energy Solutions. Smart Grid and Demand Response co- Flory, Nasdaq-OMX and Scott Thomas, Wholesale Natural Gas Policy co-chairs chairs are Jeff Hendler, CCO, Genie Energy CFO Infnite Energy. are Phil VanHorne, president, BlueRock and Bob Blake, COO, Xoom Energy. FERC, regional teams listed Energy; Ken Ziober, executive VP and Network Marketing Policy co-chairs are CCO, Associated Services, and Steve Pierre Koshakji, senior managing director, The FERC, CFTC and ISO/RTO advocacy team for electricity, gas and smart grid policy is co-chaired by Matt Connecticut PSC to let AES sell plant Picardi, Shell Energy; Vince Parisi, IGS Energy, and Joe Del Vecchio, National to help pay for CL&P settlement Fuel Resources. The Connecticut PSC agreed to let will continue to reduce the value of The Northeast advocacy team for AES Thames sell its nonoperational, the estate available for distribution,” electric/gas policy has co-chairs Terry coal-fred co-generational plant in the document said. “The authority McInerney and Mark Pitonzo, Suburban/ Montville, Conn, to help Connecticut concludes that the auction sale is Agway Energy Services; Sharon Noewer, Light & Power (CL&P) recover losses in the best interests of the parties FirstEnergy Solutions; Mike D’Angelo, under a bankruptcy settlement approved and CL&P’s customers, and hereby North American Power; Angela Schorr, yesterday. S&S Deconstruction bought approves of the settlement.” Gateway Energy Services; Vincent the facility at a Dec 6 auction for $2.35 CL&P already got $4 million in Vesuvio Jr, Infnite Energy/Intelligent million but will not run it, documents fled from AES under the settlement, the Energy; Tony Cusati, IGS Energy; with the PSC said. document said. CL&P will credit that Wayne Stoughton, Genie Energy; Mickey Selling that facility will let AES pay amount back to its customers. Zablonski, NOCO; Stacey Barnes, South CL&P for failing to honor its electric Also, CL&P will continue to get Jersey Energy Services, and Joe Del purchase agreement in which the power capacity payments from ISO-NE Vecchio, National Fuel Resources. provider was to sell energy to CL&P through May 2014, the document New England Advocacy Team for until 2015, the document said. CL&P is said. The ISO will pay about $7.3 electric policy is chaired by Kerry entitled to half the $2.35 million sale price million in net revenue from capacity Breitbart, North American Power. and AES’ remaining assets for a total of payments through May 2013 and an The Midwest advocacy team for Gas $1.8 million, it said. undetermined amount thereafter until Policy is chaired by Vince Parisi, IGS “Given the low value of the AES May 2014, it said. Energy. estate, additional litigation and delays [Comments] Mid-Atlantic advocacy team for gas and electric policy is co-chaired by Harry © 2012 GHI LLC. All Rights Reserved. Reproduction without permission prohibited. Restructuring Today • 4 • Thursday, January 12, 2012 Kingerski, Spark Energy, and Bill Barkas, Dominion Retail. California PUC proposes on-bill Southeast advocacy team for gas fnancing for energy effciency and electricity policy has co-chairs Jeff Traynham and Camilo Calvo, Infnite/ From page one large customer fnancing through Intelligent Energy, and Bill Kinneary, ratepayer funds, have to promise North American Power. billion/year over the next 20 years while savings each month in excess of the loan Western Region advocacy team is now Californians spend about half that. repayments. Lower loan payments will chaired by Chris Hendrix, director of The existing programs run by California be made possible since the loans are markets and compliance, Wal-Mart Stores utilities draw from a limited pool of repaid through utility bills. and Texas Retail Energy. ratepayer funding while the program would “We estimate that an on-bill Chair Emeriti from 2005-10 are expand existing on-bill fnancing now repayment program that spurs Harry Warren, president, Washington saved for large customers, said the ALJ. investments in the range of $3 billion Gas Energy Services and Steve Maslak, The PUC staff is behind the idea, annually could create 20,000 jobs and, former CEO, Gateway Energy Services. too, noting that all customer segments after fve years, reduce annual electricity [Comments] could get loans. The approach shows the use and emissions equal to that of tradeoffs between effciency investments 1.6 million cars,” said EDF Climate and lower bills, and will scale up the Economist James Fine. “We have every Apply for partnership energy effciency industry and the reason to believe this initiative will also needed loans, the staff added. help California meet AB 32 and other with Restructuring Today The program can work for single- long-term clean air goals.” on your next event! family, multi-family and commercial The PUC wants initial comments on We only publicize events we feel are buildings while creating a variety of the proposal near the end of this month most useful to our readers and that fnancing techniques, said EDF, plus and could issue a fnal order by April, could be yours. To apply, write to rental properties. letting the program to start in 2013. [email protected] to give Residential projects, and the existing [Comments] us your partnership idea. Restructuring Today (ISSN 1522-7324) is published 247 times a year on business days by GHI LLC at Tell us what you think. We want to 4908 Hornbeam Drive, Rockville is published 247 times per year on business days by Modern Markets hear from you. Send your comments, Intelligence Inc. for the publication’s owner, GHI LLC. Both frms are located at 4908 Hornbeam complaints, news alerts and releases, Drive, Rockville, MD 20853-1475 USA, 888-980-4446 (toll-free) or +1-301-769-6903 . Fax is 301- annonymous tips plus your suggestions or 769-6917. The standard annual subscription rate is $687 in US funds (plus 6% sales tax in the District questions about this issue of Restructuring of Columbia and Maryland). Signifcant discount rates for bulk subscriptions are available including Today to [email protected]. highly affordable and convenient corporate-wide accounts. Sam Spencer, publisher; James Downing, editor; Season Crawford, associate publisher, vice president of marketing and customer service director; Liz Yap, production director. Abbreviations: To see a glossary of Restructuring Today’s abbreviations, go to [email protected] www.restructuringtoday.com/glossary. www.restructuringtoday.com © 2012 GHI LLC. All Rights Reserved. Reproduction without permission prohibited. .