Southern Company Services, Inc.; et al.
Federal RegisterJun 4, 1999
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket Nos. ER16-2573-001, et al.]
Southern Company Services, Inc.; et al.
Before Commissioners: James J. Hoecker, Chairman; Vicky A.
Bailey, William L. Massey, Linda Breathitt, and Curt Hebert, Jr.
Southern Company Services, Inc.
Docket Nos. ER96-2573-001]
Independent Power Marketers \1\
Abacus Group Ltd.
---------------------------------------------------------------------------
\1\ The Commission's Office of Electric Power Regulation
maintains a list of companies with market-based rates on the
Commission's Internet site (www.ferc.fed.us/electric/PwrMkt/
pwrmkt.htm). The list of companies in the caption, and the breakdown
of the companies by category (``Independent Power Marketers,''
``Affiliated Power Marketers,'' etc.) in the caption, are based on
this list. The breakdown of the companies by category in the caption
is solely for the convenience of the reader, and the category titles
are not intended to be substantive determination of the appropriate
categorization of the companies. Also see infra n.3.
---------------------------------------------------------------------------
Docket No. ER98-4240-000
AC Power Corp.
Docket No. ER97-2867-000
ACN Power Inc.
Docket No. ER98-4685-000
Advantage Energy
Docket No. ER97-4186-000
AIE Energy Services, Inc.
Docket No. ER98-3164-000
Alliance Energy Services Partnership
Docket No. ER99-1945-000
Alliance Power Marketing, Inc.
Docket No. ER96-1818-000
Alliance Strategies
Docket No. ER95-1381-000
A'Lones Group, Inc.
Docket No. ER97-512-000
Alpha Energy Corporation
Docket No. ER97-4730-000
Alternate Power Source Inc.
Docket No. ER96-1145-000
Amerada Hess Corporation
Docket No. ER97-2153-000
American Energy Trading, Inc.
Docket No. ER97-360-000
American Home Energy Corp.
Docket No. ER98-1903-000
American Power Exchange, Inc.
Docket No. ER94-1578-000
American Power Reserve Marketing Company
Docket No. ER97-1428-000
American Premier Energy Corp.
Docket No. ER98-3451-000
Amoco Energy Trading Corporation
Docket No. ER95-1359-000
AMVEST Coal Sales, Inc.
Docket No. ER97-464-000
AMVEST Power, Inc.
Docket No. ER97-2045-000
Apra Energy Group Inc.
Docket No. ER97-1643-000
Anker Power Services, Inc.
Docket No. ER97-3788-000
Applied Resources Integrated Services, Inc.
Docket No. ER97-2604-000
Ashton Energy Corporation
Docket No. ER94-1246-000
Astra Power, LLC
Docket No. ER98-3378-000
Atlanta Gas Light Services, Inc.
Docket No. ER97-542-000
Atlantic Energy Technologies, Inc.
Docket No. ER97-2132-000
Audit Pro Incorporated
Docket No. ER95-878-000
Aurora Power Resources, Inc.
Docket No. ER98-573-000
Black Brook Energy Company
Docket No. ER97-1676-000
Bollinger Energy Corp.
Docket No. ER98-1821-000
Bonneville Fuels Management Corp.
Docket No. ER96-659-000
Boyd Rosene and Associates, Inc.
[[Page 30002]]
Docket No. ER95-1572-000
Brennan Power Inc.
Docket No. ER97-1630-000
Btu Power Corporation
Docket No. ER96-1283-000
Burlington Resources Trading, Inc.
Docket No. ER96-3112-000
Business Discount Plan, Inc.
Docket No. ER99-581-000
California Polar Power Brokers, LLC
Docket No. ER98-701-000
California Power Services
Docket No. ER97-3525-000
Calpine Power Services Company
Docket No. ER94-1545-000
C.C. Pace Energy Services
Docket No. ER94-1181-000
CHI Power Marketing, Inc.
Docket No. ER96-2640-000
Chicago Electric Trading, L.L.C
Docket No. ER90-225-000
Cielo Power Market, L.P.
Docket No. ER99-964-000
Citizens Power Sales
Docket No. ER94-1685-000
Citizens Power & Light Corporation
Docket No. ER89-401-000
CL Power Sales (1-5), L.L.C
Docket No. ER95-892-000
CL Power Sales (6-10), L.L.C
Docket No. ER96-2652-000
CL Power Sales 11, L.L.C
Docket No. ER99-894-000
CL Power Sales 12, L.L.C
Docket No. ER99-893-000
CL Power Sales 13, L.L.C
Docket No. ER99-892-000
CL Power Sales 14, L.L.C
Docket No. ER99-891-000
CL Power Sales 15, L.L.C
Docket No. ER99-890-000
Clean Air Capital Markets Corporation
Docket No. ER97-4434-000
CNB/Olympic GAs Services
Docket No. ER95-964-000
CNG Power Services Corporation
Docket No. ER94-1554-000
CNG Retail Services Corporation
Docket No. ER97-1845-000
Coastal Electric Services Company
Docket No. ER94-1450-000
CoEnergy Trading Company
Docket No. ER96-1040-000
Cogentrix Energy Power Marketing, Inc.
Docket No. ER95-1739-000
Colonial Energy, Inc.
Docket No. ER97-1968-000
Columbia Energy Power Marketing Corp.
Docket No. ER97-3667-000
Commodore Gas & Electric, Inc.
Docket No. ER99-1890-000
Commonwealth Energy Corporation
Docket No. ER97-4253-000
Community Electric Power Corporation
Docket No. ER97-2792-000
Competisys LLC
Docket No. ER98-1790-000
Competitive Utility Services Corp.
Docket No. ER97-1932-000
ConAgra Energy Services, Inc.
Docket No. ER95-1751-000
Conoco Power Marketing Inc.
Docket No. ER95-1441-000
Conti Metals, Inc.
Docket No. ER96-2083-000
Cook Inlet Energy Supply Limited Partnership
Docket No. ER96-1410-000
Coral Power, L.L.C.
Docket No. ER96-25-000
CPS Capital, Ltd.
Docket No. ER96-1798-000
Cumberland Power, Inc.
Docket No. ER96-2624-000
Current Energy, Inc.
Docket No. ER98-102-000
CXY Energy Marketing (USA) Inc.
Docket No. ER99-1858-000
DC Tie, Inc.
Docket No. ER91-435-000
Direct Access Management, LP
Docket No. ER96-924-000
Direct Electric Inc.
Docket No. ER94-1161-000
Dynergy Power Services, Inc.
Docket No. ER94-1612-000
Eagle Gas Marketing Company
Docket No. ER96-1503-000
Eastern Pacific Energy
Docket No. ER98-1829-000
Eclipse Energy, Inc.
Docket No. ER94-1099-000
Econnergy Energy Co., Inc.
Docket No. ER98-2553-000
ECONnergy PA, Inc.
Docket No. ER99-1837-000
El Paso Power Services Company
Docket No. ER95-428-000
Electech, Inc.
Docket No. ER95-1399-000
Electrade Corporation
Docket No. ER94-1478-000
Electric Clearinghouse, Inc.
Docket No. ER94-968-000
Electric Lite, Inc.
Docket No. ER97-4427-000
Electrical Associates Power Marketing Inc.
Docket No. ER97-4173-000
Electrion, Incorporated
Docket No. ER98-3171-000
EMC Gas Transmission Company
Docket No. ER96-2320-000
EnerConnect, Inc.
Docket No. ER96-1424-000
Energy Clearinghouse Corp.
Docket No. ER98-2020-000
Energy Dynamics, Inc.
Docket No. ER97-3089-000
Energy International Power Marketing Corp.
Docket No. ER98-2059-000
Energy Marketing Services, Inc.
Docket No. ER96-734-000
Energy PM, Inc.
Docket No. ER98-2918-000
Energy Resource Management Corp.
Docket No. ER96-358-000
Energy Resource Marketing, Inc.
Docket No. ER94-1580-000
Energy Sales Network, Inc.
Docket No. ER98-753-000
Energy Services, Inc.
Docket No. ER95-1021-000
Energy Transfer Group, L.L.C.
Docket No. ER96-280-000
Energy Unlimited, Inc.
Docket No. ER98-1622-000
Energy 2000
Docket No. ER97-2771-000
EnergyChoice, L.L.C.
Docket No. ER96-827-000
EnergyOnline, Inc.
Docket No. ER96-138-000
EnergyTek, Inc.
Docket No. ER96-1781-000
Energy2, Inc.
Docket No. ER96-3086-000
Enerserve, L.C.
Docket No. ER96-182-000
EnerZ Corporation
Docket No. ER96-3064-000
Engage Energy US, L.P.
Docket No. ER97-654-000
Englehard Power Marketing, Inc.
Docket No. ER94-1690-000
Engineered Energy Systems Corp.
Docket No. ER96-1731-000
Enjet, Inc.
Docket No. ER99-2061-000
ENMAR Corp.
Docket No. ER99-254-000
Enpower, Inc.
Docket No. ER95-1752-000
Environmental Resources Trust, Inc.
Docket No. ER98-3233-000
Equinox Energy, L.L.C.
Docket No. ER98-1486-000
Equitable Energy, LLC
Docket No. ER98-2367-000
Equitable Power Services Company
Docket No. ER94-1539-000
ERI Services, Inc.
Docket No. ER97-2638-000
Exact Power Co., Inc.
Docket No. ER97-382-000
Excel Energy Services, Inc.
Docket No. ER94-1488-000
Family Fiber Connection
Docket No. ER96-1631-000
Federal Energy Sales
Docket No. ER96-918-000
Fina Energy Services Company
Docket No. ER97-2413-000
First Choice Energy
Docket No. ER98-2181-000
First Power, L.L.C.
Docket No. ER97-3580-000
Fortistar Power Marketing, LLC
Docket No. ER98-3393-000
Friendly Power Company LLC
Docket No. ER97-3815-000
The Furst Group, Inc.
Docket No. ER98-2423-000
Gateway Energy, Inc.
Docket No. ER95-1049-000
Gateway Energy Marketing
Docket No. ER96-795-000
GDK Corporation
Docket No. ER96-1735-000
GED Gas Services, L.L.C.
Docket No. ER95-1583-000
Gelber Group, Inc.
Docket No. ER96-1933-000
Global Energy and Technology, Inc.
Docket No. ER97-3416-000
Global Energy Service, L.L.C.
Docket No. ER97-1177-000
Global Petroleum Corporation
Docket No. ER96-359-000
Golden Valley Power Company
Docket No. ER98-4334-000
Granger Energy, L.L.C.
Docket No. ER97-4240-000
Great Western Power Cooperatives Company
Docket No. ER98-1722-000
The Green Power Connection
Docket No. ER97-3888-000
Growth Unlimited Investments, Inc.
Docket No. ER96-1774-000
Gulfstream Energy, LLC
[[Page 30003]]
Docket No. ER94-1597-000
Hafslund Energy Trading, L.L.C.
Docket No. ER98-2535-000
Hartford Power Sales, L.L.C.
Docket No. ER95-393-000
High Island Marketing, Inc.
Docket No. ER97-4787-000
Hinson Power Company
Docket No. ER95-1314-000
Howard Energy Marketing, Inc.
Docket No. ER95-252-000
Howell Power Systems, Inc.
Docket No. ER94-178-000
Hubbard Power & Light, Inc.
Docket No. ER96-2583-000
ICC Energy Corporation
Docket No. ER96-1819-000
ICPM, Inc.
Docket No. ER95-640-000
IGI Resources, Inc.
Docket No. ER95-1034-000
Industrial Gas & Electric Services Co.
Docket No. ER95-257-000
Infinergy Services, LLC
Docket No. ER98-3478-000
Infinite Energy, Inc.
Docket No. ER97-3923-000
Inland Pacific Resources Inc.
Docket No. ER96-2144-000
International Energy Ventures, Inc.
Docket No. ER98-4264-000
International Utility Consultants, Inc.
Docket No. ER96-594-000
J. Anthony & Associates Ltd
Docket No. ER95-784-000
J. Aron & Company
Docket No. ER95-34-000
J.D. Enterprises
Docket No. ER96-2435-000
J.L. Walker & Associates
Docket No. ER95-1261-000
JMF Power Marketing
Docket No. ER98-3433-000
JPower Inc.
Docket No. ER95-1421-000
K & K Resources, Inc.
Docket No. ER98-3006-000
Kamps Propane, Inc.
Docket No. ER98-1148-000
Kaztex Energy Ventures, Inc.
Docket No. ER95-295-000
Keystone Energy Services, Inc.
Docket No. ER97-3053-000
Kibler Energy Ltd.
Docket No. ER96-1119-000
Kimball Power Company
Docket No. ER95-232-000
KinEr-G Power Marketing, Inc.
Docket No. ER96-1139-000
KN Services, Inc.
Docket No. ER95-869-000
Koch Energy Trading, Inc.
Docket No. ER95-218-000
Kohler Co.
Docket No. ER95-1018-000
K Power Company, Inc.
Docket No. ER95-792-000
Lakeside Energy Services, LLC
Docket No. ER99-505-000
Lamar Power Partners, L.P.
Docket No. ER99-2097-000
Lamda Energy Marketing Corp.
Docket No. ER94-1672-000
The Legacy Group, Inc.
Docket No. ER99-1719-000
Lisco, Inc.
Docket No. ER96-1406-000
LS Power Marketing, LLC
Docket No. ER96-1947-000
MAC Power Marketing, L.L.C.
Docket No. ER98-575-000
The Mack Services Group
Docket No. ER99-1750-000
Manner Technologies, L.L.C.
Docket No. ER97-135-000
MEG Marketing, LLC
Docket No. ER99-2284-000
Merchant Energy of the Americas, Inc.
Docket No. ER98-1055-000
Merrill Lynch Capital Services, Inc.
Docket No. ER99-830-000
Metro Energy Group, L.L.C.
Docket No. ER99-801-000
Micah Tech Industries, Inc.
Docket No. ER98-1221-000
Michigan Gas Exchange, LLC
Docket No. ER99-1156-000
Mid American Natural Resources, Inc.
Docket No. ER95-1423-000
Mid-American Resources, Inc.
Docket No. ER95-78-000
Mid-Power Service Corporation
Docket No. ER97-4257-000
MIECO Inc.
Docket No. ER98-51-000
Millenium Energy Corporation
Docket No. ER98-174-000
Monterey Consulting Associates, Inc.
Docket No. ER98-2143-000
Morgan Stanley Capital Group Inc.
Docket No. ER94-1384-000
Multi-Energies USA Inc.
Docket No. ER96-203-000
Murphy Oil USA
Docket No. ER97-610-000
NAP Trading and Marketing, Inc.
Docket No. ER95-1278-000
National Fuel Resources, Inc.
Docket No. ER95-1374-000
National Power Exchange Corporation
Docket No. ER94-1593-000
National Power Marketing Company, L.L.C.
Docket No. ER96-2942-000
New Jersey Natural Energy Company
Docket No. ER96-2627-000
New Millenium Energy Corp.
Docket No. ER97-2681-000
NFR Power, Inc.
Docket No. ER96-1122-000
NGTS Energy Services
Docket No. ER96-2982-000
Niagara Energy & Steam Co., Inc.
Docket No. ER97-1414-000
Nicole Energy Services
Docket No. ER98-2683-000
NICRO energy Mgmt. Services Company
Docket No. ER97-1816-000
Nine Energy Services, L.L.C.
Docket No. ER98-1915-000
Nordic Electric, LLC
Docket No. ER96-127-000
North American Energy Conservation, Inc.
Docket No. ER94-152-000
North American Energy, Inc.
Docket No. ER98-242-000
North American Power Brokers, Inc.
Docket No. ER96-1156-000
North Atlantic Utilities, Inc.
Docket No. ER97-1716-000
North Star Power Marketing, L.L.C.
Docket No. ER98-622-000
Northeast Electricity Inc.
Docket No. ER98-3048-000
Northeast Energy Services, Inc.
Docket No. ER97-4347-000
Northrop Grumman Corporation
Docket No. ER96-2957-000
Northwest Natural Gas Company
Docket No. ER97-683-000
Novarco Ltd.
Docket No. ER98-4139-000
NP Energy Inc.
Docket No. ER97-1315-000
NUI Energy Brokers, Inc.
Docket No. ER96-2580-000
NXIS, LLC
Docket No. ER97-778-000
Ocean Energy Services, Inc.
Docket No. ER96-588-000
Oceanside Energy, Inc.
Docket No. ER97-181-000
Omni Energy
Docket No. ER98-3344-000
Oneok Power Marketing Company
Docket No. ER98-3897-000
Pacific Energy & Development Corp.
Docket No. ER98-1824-000
PanCanadian Energy Services, LP
Docket No. ER90-168-000
Panda Power Corporation
Docket No. ER98-447-000
Panda Guadalupe Power Marketing, LLC
Docket No. ER98-3901-000
Peak Energy, Inc.
Docket No. ER95-379-000
Pelican Energy Management, Inc.
Docket No. ER98-3084-000
Penobscot Bay Energy Co. LLC
Docket No. ER97-2875-000
People's Electric Corporation
Docket No. ER98-3719-000
People's Utility Corp.
Docket No. ER98-2232-000
PG Energy Power Plus
Docket No. ER98-1953-000
Phibro Inc.
Docket No. ER95-430-000
Philadelphia Gas Works
Docket No. ER98-124-000
Poco Marketing LTD
Docket No. ER97-2198-000
Poco Petroleum, Inc.
Docket No. ER97-2197-000
Polaris Electric Power Co., Inc.
Docket No. ER98-1421-000
Power Access Management
Docket No. ER97-1084-000
Power Clearinghouse Inc.
Docket No. ER95-914-000
The Power Company of America, L.P.
Docket No. ER95-111-000
Power Exchange Corporation
Docket No. ER95-72-000
Power Fuels, Inc.
Docket No. ER96-1930-000
Power Providers, Inc.
Docket No. ER96-2303-000
Power Systems Group, Inc.
Docket No. ER97-3187-000
PowerCom Corporation
Docket No. ER97-4364-000
Powerline Controls, Inc.
Docket No. ER96-1754-000
PowerMark, LLC
Docket No. ER96-332-000
PowerNet Corporation
Docket No. ER94-931-000
PowerSource Corp.
[[Page 30004]]
Docket No. ER98-3052-000
PowerTec International, L.L.C.
Docket No. ER96-1-000
Prairie Winds Energy, Inc.
Docket No. ER95-1234-000
Preferred Energy Services, Inc.
Docket No. ER96-2141-000
Premier Enterprises, LLC.
Docket No. ER95-1123-000
Progas Power, Inc.
Docket No. ER95-968-000
ProLiance Energy, LLC.
Docket No. ER97-420-000
Proven Alternatives Inc.
Docket No. ER95-473-000
PS Energy Group, Inc.
Docket No. ER99-1876-000
P&T Power Company
Docket No. ER97-18-000
Quantum Energy Resources, Inc.
Docket No. ER96-947-000
Quark Power, L.L.C.
Docket No. ER97-2374-000
Questar Energy Trading Company
Docket No. ER96-404-000
Rainbow Energy Marketing Corporation
Docket No. ER94-1061-000
Rainbow Power USA LLC
Docket No. ER98-2012-000
Reliable Energy, Inc.
Docket No. ER98-3261-000
Resource Energy Services Company
Docket No. ER97-828-000
Revelation Energy Resources Corp.
Docket No. ER97-765-000
River City Energy, Inc.
Docket No. ER99-823-000
Rocky Mountain Natural Gas & Electric LLC
Docket No. ER98-3108-000
Ruffin Energy Services, Inc.
Docket No. ER95-1047-000
Russell Energy Sales Company
Docket No. ER96-2882-000
Salem Electric, Inc.
Docket No. ER98-2175-000
Salko Energy Services, Inc.
Docket No. ER99-1052-000
Sandia Energy Resources Company
Docket No. ER96-2538-000
SDS Petroleum Products, Inc.
Docket No. ER96-1724-000
SE Holdings, L.L.C.
Docket No. ER96-3107-000
Seagull Power Services, Inc.
Docket No. ER96-342-000
SEMCOR, Inc.
Docket No. ER96-1516-000
Shamrock Trading LLC
Docket No. ER98-3526-000
Shell Energy Services Company, LLC
Docket No. ER99-2109-000
Sigma Energy, Inc.
Docket No. ER97-4145-000
Sithe Power Marketing, Inc.
Docket No. ER98-107-000
Sky Gen Energy Marketing L.L.C
Docket No. ER99-972-000
Sonat Power Marketing Inc.
Docket No. ER95-1050-000
Sonat Power Marketing L.P.
Docket No. ER96-2343-000
South Jersey Energy Company
Docket No. ER97-1397-000
SouthEastern Energy Resources, Inc.
Docket No. ER95-385-000
SouthWestern Power Marketers, Inc.
Docket No. ER97-2529-000
Sparc, LLC
Docket No. ER98-2671-000
Stalwart Power Company
Docket No. ER95-1334-000
Stand Energy Corporation
Docket No. ER95-362-000
Starghill Energy Corp.
Docket No. ER97-4680-000
Statoil Energy Services, Inc.
Docket No. ER97-4381-000
Statoil Energy Trading, Inc.
Docket No. ER94-964-000
Strategic Power Management, Inc.
Docket No. ER96-2591-000
StratErgy, Inc.
Docket No. ER99-1410-000
Sunoco Power Marketing, L.L.C.
Docket No. ER97-870-000
Superior Electric Power Corporation
Docket No. ER95-1747-000
SuperSystems, Inc.
Docket No. ER96-906-000
Symmetry Device Research, Inc.
Docket No. ER96-2524-000
TC Power Solutions
Docket No. ER97-1117-000
Tenaska Power Services Co.
Docket No. ER94-389-000
Tennessee Power Co.
Docket No. ER95-581-000
TerraWatt, Inc.
Docket No. ER97-2679-000
Texaco Natural Gas, Inc.
Docket No. ER95-1787-000
Texas-Ohio Power Marketing, Inc.
Docket No. ER94-1676-000
Texican Energy Ventures, Inc.
Docket No. ER94-1362-000
TexPar Energy, Inc.
Docket No. ER95-62-000
Thicksten Grimm Burgum, Inc.
Docket No. ER96-2241-000
Torco Energy Marketing, Inc.
Docket No. ER92-429-000
Tosco Power, Inc.
Docket No. ER96-2635-000
Total Gas & Electric, Inc.
Docket No. ER97-4202-000
Total Gas & Electricity (PA), Inc.
Docket No. ER99-2182-000
Tractebel Energy Marketing, Inc.
Docket No. ER94-142-000
TransCanada Energy Ltd.
Docket No. ER95-692-000
TransCanada Power Marketing, Ltd.
Docket No. ER98-564-000
TransCurrent, L.L.C.
Docket No. ER98-1297-000
Tri-Valley Corporation.
Docket No. ER97-3428-000
Trident Energy Marketing, Inc.
Docket No. ER99-2069-000
Turner Energy, L.L.C.
Docket No. ER97-4108-000
United American Energy Corp.
Docket No. ER96-3092-000
United Regional Energy LLC
Docket No. ER97-2900-000
Unocal Corporation
Docket No. ER97-262-000
US Energy, Inc.
Docket No. ER96-2879-000
U.S. Power & Light, Inc.
Docket No. ER96-105-000
UTIL. Power Marketing, Inc.
Docket No. ER97-3306-000
UtiliSys Corporation
Docket No. ER97-2426-000
Utility Management and Consulting, Inc.
Docket No. ER96-525-000
Utility Management Corp.
Docket No. ER96-1144-000
The Utility-Trade Corp.
Docket No. ER95-1382-000
Vanpower, Inc.
Docket No. ER96-552-000
Vitol Gas and Electric, L.L.C.
Docket No. ER94-155-000
VTEC Energy, Inc.
Docket No. ER95-1855-000
Wasatch Energy Corporation.
Docket No. ER97-1248-000
Washington Gas Energy Services, Inc.
Docket No. ER96-2830-000
Watt Works
Docket No. ER97-2592-000
Westcoast Power Marketing, Inc.
Docket No. ER95-378-000
Western Energy Marketers, Inc.
Docket No. ER98-537-000
Western Power Providers, Inc.
Docket No. ER95-1459-000
Wickford Energy Marketing, L.C.
Docket No. ER95-1415-000
Wicor Energy Services, Inc.
Docket No. ER96-34-000
Williams Energy Marketing & Trading Co.
Docket No. ER99-1722-000
Wilson Power & Gas Smart, Inc.
Docket No. ER95-751-000
Woodruff Energy
Docket No. ER97-3526-000
Working Assets Green Power, Inc.
Docket No. ER96-2914-000
XERXE Group
Docket No. ER98-1834-000
Yankee Energy Marketing Company
Docket No. ER96-146-000
Zapco Power Marketers, Inc.
Docket No. ER98-689-000
3E Technologies, Inc.
Docket No. ER98-3809-000
Affiliated Power Marketers
AEP Power Marketing, Inc
Docket No. ER96-2495-000
AES Power, Inc.
Docket No. ER94-890-000
AllEnergy Marketing Company
Docket No. ER98-6-000
Alliant Energy Industrial Services, Inc.
Docket No. ER99-1775-000
Alpena Power Marketing, L.L.C.
Docket No. ER97-4745-000
Aquila Energy Marketing Corp.
Docket No. ER99-1751-000
Avista Energy, Inc.
Docket No. ER96-2408-000
Bangor Energy Resale, Inc.
Docket No. ER98-459-000
British Columbia Power Exchange Corp.
Docket No. ER97-4024-000
Cargill-Alliant, L.L.C.
Docket No. ER97-4273-000
Central Hudson Enterprise Corporation
Docket No. ER97-2869-000
CET Marketing L.P.
Docket No. ER98-4412-000
CinCap IV, LLC
Docket No. ER98-421-000
CinCap V, LLC
[[Page 30005]]
Docket No. ER98-4055-000
Cinergy Capital & Trading, Inc.
Docket No. ER93-730-000
CLECO Energy, L.L.C.
Docket No. ER98-1170-000
Clinton Energy Management Services, Inc.
Docket No. ER98-3934-000
CMS Marketing, Services and Trading Co.
Docket No. ER96-2350-000
COM/Energy Marketing, Inc.
Docket No. ER98-449-000
Connectiv Energy Supply, Inc.
Docket No. ER98-2045-000
Consolidated Edison Energy, Inc.
Docket No. ER98-2491-000
Consolidated Edison Solutions, Inc.
Docket No. ER97-705-000
Constellation Energy Source, Inc.
Docket No. ER99-198-000
Constellation Power Sources, Inc.
Docket No. ER97-2261-000
CSW Energy Services, Inc.
Docket No. ER98-2075-000
CU Power Canada Ltd.
Docket No. ER98-4582-000
DePere Energy Marketing, Inc.
Docket No. ER97-1432-000
DPL Energy, Inc.
Docket No. ER96-2601-000
DTE CoEnergy, L.L.C.
Docket No. ER97-3835-000
DTE Edison America, Inc.
Docket No. ER98-3026-000
DTE Energy Trading, Inc.
Docket No. ER97-3834-000
Duke Energy Marketing Corporation
Docket No. ER96-109-000
Duke Energy Trading and Marketing, L.L.C.
Docket No. ER96-2921-000
Duke/Louis Dreyfus, L.L.C.
Docket No. ER96-108-000
DukeSolutions, Inc.
Docket No. ER98-3813-000
E prime, Inc.
Docket No. ER99-1610-000
Edison Mission Marketing & Trading, Inc.
Docket No. ER99-852-000
Edison Source
Docket No. ER96-2150-000
Elwood Marketing, L.L.C.
Docket No. ER99-1465-000
Energetix, Inc.
Docket No. ER97-3556-000
Energy Atlantic, LLC
Docket No. ER98-4381-000
Energy Masters International, Inc.
Docket No. ER94-1402-000
Enova Energy, Inc.
Docket No. ER96-2372-000
Enron Energy Services, Inc.
Docket No. ER98-13-000
Enron Power Marketing, Inc.
Docket No. ER94-24-000
Enserch Energy Services, Inc.
Docket No. ER98-895-000
Enserco Energy, Inc.
Docket No. ER96-2964-000
Entergy Power Marketing Corporation
Docket No. ER95-1615-000
First Energy Trading & Power Marketing, Inc.
Docket No. ER95-1295-000
FPL Energy Power Marketing, Inc.
Docket No. ER98-3566-000
GPU Advanced Resources, Inc.
Docket No. ER97-3666-000
Griffin Energy Marketing, L.L.C.
Docket No. ER97-4168-000
Horizon Energy Company
Docket No. ER98-380-000
H.Q. Energy Services (U.S.) Inc.
Docket No. ER97-851-000
Illinova Energy Partners, Inc.
Docket No. ER94-1475-000
Industrial Energy Applications, Inc.
Docket No. ER95-1465-000
Inventory Management & Distribution Co., Inc.
Docket No. ER97-4116-000
InterCoast Power Marketing Company
Docket No. ER94-6-000
LG&E Energy Marketing Inc.
Docket No. ER94-1188-000
Mid-American Power LLC
Docket No. ER96-1858-000
Montana Power Trading & Marketing Company
Docket No. ER97-399-000
NESI Power Marketing, Inc.
Docket No. ER97-841-000
NEV East, L.L.C.
Docket No. ER97-4652-000
NEV California, L.L.C.
Docket No. ER97-4653-000
NEV Midwest, L.L.C.
Docket No. ER97-4654-000
New Energy Partners, LLC
Docket No. ER99-1812-000
New Energy Ventures, Inc.
Docket No. ER97-4636-000
Niagara Mohawk Energy Marketing, Inc.
Docket No. ER96-2525-000
Northern/AES Energy LLC
Docket No. ER98-445-000
NRG Power Marketing Inc.
Docket No. ER97-4281-000
NYSEG Solutions, Inc.
Docket No. ER99-220-000
OGE Energy Resources, Inc.
Docket No. ER97-4345-000
PacifiCorp Power Marketing, Inc.
Docket No. ER95-1096-000
PEC Energy Marketing Inc.
Docket No. ER97-1431-000
Pepco Services, Inc.
Docket No. ER98-3096-000
PG&E Energy Services, Energy Trading Corp.
Docket No. ER95-1614-000
PG&E Energy Trading Power, L.P.
Docket No. ER95-1625-000
PP&L EnergyPlus Company
Docket No. ER98-4608-000
PPM One LLC
Docket No. ER97-3926-000
PPM Two LLC
Docket No. ER97-3927-000
PPM Three LLC
Docket No. ER97-3928-000
PPM Four LLC
Docket No. ER97-3929-000
PPM Five LLC
Docket No. ER97-3930-000
PPM Six LLC
Docket No. ER97-3931-000
Primary Power Marketing, LLC
Docket No. ER98-4333-000
Progress Power Marketing, Inc.
Docket No. ER96-1618-000
PSEG Energy Technologies Inc.
Docket No. ER97-2176-000
QST Energy Trading Inc.
Docket No. ER96-553-000
R. Hadler and Company, Inc.
Docket No. ER97-3056-000
Reliant Energy Services, Inc.
Docket No. ER99-1801-000
SCANNA Energy Marketing, Inc.
Docket No. ER96-1086-000
Select Energy, Inc.
Docket No. ER99-14-000
Sempra Energy Trading Corp.
Docket No. ER94-1691-000
SIGCORP Energy Services, L.L.C.
Docket No. ER99-2181-000
Southern Company Energy Marketing L.P.
Docket No. ER97-4166-000
Southern Energy California
Docket No. ER99-1841-000
Southern Energy New England, LLC
Docket No. ER98-4118-000
Southern Energy Retail Trading & Marketing, Inc.
Docket No. ER98-1149-000
Southern Energy Trading & Marketing, Inc.
Docket No. ER95-976-000
Spokane Energy, LLC
Docket No. ER98-4336-000
TECO EnergySource, Inc.
Docket No. ER96-1563-000
TransAlta Energy Marketing Corp.
Docket No. ER96-1316-000
TransAlta Energy Marketing (US) Inc.
Docket No. ER98-3184-000
UGI Power Supply, Inc.
Docket No. ER96-2715-000
Unicom Power Marketing, Inc.
Docket No. ER97-3954-000
Union Electric Development Corporation
Docket No. ER97-3663-000
Unitil Resources, Inc.
Docket No. ER97-2462-000
WPS Energy Services, Inc. and WPA Power Development, Inc.
Docket No. ER96-1088-000
XENERGY
Docket No. ER97-2517-000
Affiliated Power Producers
AES Alamitos, L.L.C.
Docket No. ER98-2185-000
AES Creative Resources, L.P. and AES Eastern Energy, L.P.
Docket No. ER99-1773-000
AES Huntington Beach, L.L.C.
Docket No. ER98-2184-000
AES Redondo Beach, L.L.C.
Docket No. ER98-2186-000
AmerGen Energy Company, L.L.C.
Docket No. ER99-754-000
Arthur Kill Power, L.L.C.
Docket No. ER99-2161-000
Astoria Power, L.L.C.
Docket No. ER99-2160-000
AYP Energy, Inc.
Docket No. ER99-954-000
Bridgeport Energy LLC
Docket No. ER98-2783-000
Cabrillo Power I, L.L.C.
Docket No. ER99-1115-000
Cabrillo Power II, L.L.C.
Docket No. ER99-1116-000
Carr Street Generating Station, L.P.
Docket No. ER98-4095-000
CH Resources, Inc.
Docket No. ER99-1001-000
CinCac VI, L.L.C.
Docket No. ER99-1727-000
Commonwealth Chesapeake Company, L.L.C.
Docket No. ER99-415-000
Cordova Energy Company, L.L.C.
[[Page 30006]]
Docket No. ER99-2156-000
CSW Power Marketing
Docket No. ER97-1238-000
Denver City Energy Associates, L.P.
Docket No. ER97-4084-000
De Pere Energy, L.L.C.
Docket No. ER97-4586-000
Duke Energy Morro Bay, L.L.C.
Docket No. ER98-2681-000
Duke Energy Moss Landing, L.L.C.
Docket No. ER98-2680-000
Duke Energy New Smyrna Beach Power Co. Ltd., LLP
Docket No. ER98-2624-000
Duke Energy Oakland, L.L.C.
Docket No. ER98-2682-000
Duke Energy South Bay, L.L.C.
Docket No. ER99-1785-000
Dunkiek Power, L.L.C.
Docket No. ER99-2168-000
El Dorado Energy, LLC
Docket No. ER98-4109-000
El Segundo Power, L.L.C.
Docket No. ER98-1127-000
Elwood Energy, L.L.C.
Docket No. ER99-1695-000
EME Homer City Generation, L.P.
Docket No. ER99-666-000
Energy East South Glens Falls, LLC
Docket No. ER99-1261-000
Entergy Nucler Generating Company
Docket No. ER99-1004-000
ESI Vansycle Partners, L.P.
Docket No. ER98-2494-000
FPL Energy AVEC LLC
Docket No. ER98-3565-000
FPL Energy Maine Hydro LLC
Docket No. ER98-3511-000
FPL Energy Mason LLC
Docket No. ER98-3562-000
FPL Energy Wyman LLC
Docket No. ER98-3563-000
FPL Energy Wyman IV LLC
Docket No. ER98-3564-000
Genesee Power Station, L.P.
Docket No. ER99-806-000
Grayling Generation Station, L.P.
Docket No. ER99-791-000
Harbor Cogeneration Company
Docket No. ER99-1248-000
Hawkeye Power Partners, L.L.C.
Docket No. ER98-2076-000
Huntley Power, L.L.C.
Docket No. ER99-2162-000
Kincaid Generation LLC
Docket No. ER99-1432-000
Koch Power Louisiana, L.L.C.
Docket No. ER99-637-000
Lake Benton Power Partners, LLC
Docket No. ER97-2904-000
Lake Benton Power Partners II, LLC
Docket No. ER98-4222-000
Lake Road Generating Company, L.P.
Docket No. ER99-1714-000
Lakewood Cogeneration L.P.
Docket No. ER99-1213-000
LG&E Capital Corp.
Docket No. ER99-2108-000
LG&E Westmoreland Renssalaer
Docket No. ER99-1125-000
Long Beach Generation, L.L.C.
Docket No. ER98-1796-000
Medical Area Total Energy Plant, Inc.
Docket No. ER98-1992-000
Millenium Power Partners, LP
Docket No. ER98-830-000
Minnesota Agri-Power, LLC
Docket No. ER99-1184-000
Mobile Energy Services Company, L.L.C.
Docket No. ER99-1204-000
Monmouth Energy, Inc.
Docket No. ER99-1293-000
NGE Generation, Inc.
Docket No. ER97-2518-000
PanEnergy Lake Charles Generation, Inc.
Docket No. ER96-1335-000
PDI Canada, Inc.
Docket No. ER99-1936-000
PDI New England, Inc.
Docket No. ER99-1936-000
Penobscot Hydro, LLC
Docket No. ER99-1940-000
Pittsfield Generating Company. L.P.
Docket No. ER98-4400-000
Reliant Energy Coolwater, L.L.C.
Docket No. ER99-2082-000
Reliant Energy Mandalay, L.L.C.
Docket No. ER99-2080-000
Reliant Energy Ellwood, L.L.C.
Docket No. ER99-2081-000
Reliant Energy Etiwanda, L.L.C.
Docket No. ER99-2083-000
Reliant Energy Ormond Beach, L.L.C.
Docket No. ER99-2079-000
Rockingham Power, L.L.C.
Docket No. ER99-1567-000
Rocky Road Power L.L.C.
Docket No. ER99-2157-000
Somerset Power L.L.C.
Docket No. ER99-1712-000
Southern Energy Bowline, L.L.C.
Docket No. ER99-2044-000
Southern Energy Canal, L.L.C.
Docket No. ER98-4155-000
Southern Energy Delta, L.L.C.
Docket No. ER99-1842-000
Southern Energy Kendall, L.L.C.
Docket No. ER98-4116-000
Southern Energy Lovett, L.L.C.
Docket No. ER99-2043-000
Southern Energy NY-GEN, L.L.C.
Docket No. ER99-2045-000
Southern Energy Potrero, L.L.C.
Docket No. ER99-1833-000
Southern Energy Wisconsin, L.L.C.
Docket No. ER99-669-000
State Line Energy, Inc.
Docket No. ER96-2869-000
Storm Lake Power Partners I, L.L.C.
Docket No. ER98-4643-000
Storm Lake Power Partners II, L.L.C.
Docket No. ER97-4222-000
Storm Lake Power Partners II, L.L.C.
Docket No. ER99-1228-000
Tenaska Frontier Partners, Ltd.
Docket No. ER98-1767-000
USGen New England
Docket No. ER98-6-000
West Georgia Company L.P.
Docket No. ER99-2186-000
West Texas Wind Energy Partners, L.L.C.
Docket No. ER98-1965-000
Western Kentucky Energy Corp.
Docket No. ER98-1279-000
Wisvest-Connecticut, L.L.C.
Docket No. ER99-967-000
WKE Station Two, Inc.
Docket No. ER98-1278-000
Other Utilities With Market-Based Rates
AG-Energy, L.P.
Docket No. ER98-2782-000
Automated Power Exchange
Docket No. ER98-1033-000
Boralex Stratton Energy Inc.
Docket No. ER98-4652-000
Brooklyn Navy Yard Cogeneration Partners, L.P.
Docket No. ER97-886-000
Cadillac Renewable Energy
Docket No. ER98-4515-000
Canadian Niagara Power Company
Docket No. ER99-1875-000
Choctaw Generation Limited Partnership
Docket No. ER98-3774-000
Cobisa-Person Limited Partnership
Docket No. ER98-2498-000
Cogen America Parlin Inc.
Docket No. ER96-1680-000
Cogen Energy Technologies
Docket No. ER98-4423-000
Commonwealth Atlantic Limited Partnership
Docket No. ER90-24-000
Consolidated Water Power Company
Docket No. ER98-4512-000
Dartmouth Power Associates L.P.
Docket No. ER96-149-000
Dighton Power Associates L.P.
Docket No. ER99-616-000
Edgar Electric Cooperative Association
Docket No. ER98-2305-000
GEN-SYS Energy
Docket No. ER97-4335-000
Geysers Power Company
Docket No. ER99-1983-000
Golden Spread Electric Cooperative
Docket No. ER99-705-000
Great Bay Power Corporation
Docket No. ER96-726-000
GS Electric Generating Cooperative, Inc.
Docket No. ER97-3583-000
Indeck Pepperell Power Associates, Inc.
Docket No. ER96-345-000
Logan Generating Company, L.P.
Docket No. ER95-1007-000
Lowell Cogeneration Company L.P.
Docket No. ER97-2414-000
LSP Energy Limited Partnership
Docket No. ER98-2259-000
Midwest Energy, Inc.
Docket No. ER96-2027-000
Milford Power L.P.
Docket No. ER93-493-000
Mountainview Power Company
Docket No. ER98-4301-000
Northeast Empire Limited Partnership #1
Docket No. ER98-4183-000
Northeast Empire Limited Partnership #2
Docket No. ER98-1125-000
Old Dominion Electric Cooperative
Docket No. ER97-4314-000
Oxbow Power Marketing, Inc.
Docket No. ER96-1196-000
Pacific Northwest Generating Cooperative
Docket No. ER97-504-000
PEI Power Corp.
Docket No. ER98-2270-000
Power City Partners, L.P.
Docket No. ER98-2782-000
Riverside Canal Power Company
Docket No. ER98-4302-000
RockGen Energy, L.L.C.
Docket No. ER99-970-000
SCC-L1, L.L.C.
Docket No. ER99-1914-000
SCC-L2, L.L.C.
Docket No. ER99-1915-000
SCC-L3, L.L.C.
Docket No. ER99-1942-000
Seneca Power Partners, L.P.
[[Page 30007]]
Docket No. ER98-2782-000
Sithe New England Holdings L.L.C.
Docket No. ER98-1943-000
Southwood 2000, Inc.
Docket No. ER98-2603-000
Sterling Power Partners, L.P.
Docket No. ER98-2782-000
Sunlaw Cogeneration Partners, L.P.
Docket No. ER99-213-000
UAE Lowell Power, L.L.C.
Docket No. ER99-1744-000
Westchester Resco Company, L.P.
Docket No. ER98-3030-000
Williams Generating Company--Hazelton
Docket No. ER97-4587-000
Wolverine Power Supply Cooperative, Inc.
Docket No. ER98-411-000
Order Denying Rehearing, Revising Reporting Requirements for Power
Marketers and Power Producers with Market-Based Rate Authorization,
Staying Effect of the Revised Reporting Requirements, and
Establishing Procedures
Issued May 27, 1999.
On October 25, 1996, in Docket No. EL96-2573-001, Southern Company
Services, Inc. (Southern) filed a request for rehearing of the
Commission's letter order issued on September 25, 1996.\2\ Southern
requests the Commission to revise the requirement that traditional
public utilities with market-based rate authority must file service
agreements for long-term (longer than one year in duration)
transactions within 30 days after commencement of service. Southern
asks the Commission to allow such public utilities instead to report
all transactions, long-term as well as short-term, in quarterly
transaction summaries, as power marketers (non-traditional public
utilities, without ownership, operation or control of generation or
transmission facilities) currently are permitted to do.\3\
---------------------------------------------------------------------------
\2\ Southern Company Services, Inc., 76 FERC para. 61,321 (1996)
(September 25 Order). The September 25 Order denied confidential
treatment of a rate schedule attached to a service agreement filed
by Southern as agent for Georgia Power Company. While commenting (at
3) that it ``continue to believe that the Commission should allow
rate schedules to be filed on a confidential basis,'' Southern does
not request rehearing of the September 25 Order's denial of
confidential treatment.
\3\ For purposes of this order, ``traditional public utilities''
means public utilities that own, operate or control generation and/
or transmission facilities. The Commission consistently has required
such public utilities seeking blanket, open-ended market-based rate
authorization--even those without a franchised service territory or
captive ratepayers--to file service agreements for long-term
transactions within 30 days after the date of commencement of
service. See, e.g., Cataula Generating Company, L.P., 79 FERC para.
61,261 at 62,134 (1997); Kincaid Generation, L.L.C., 78 FERC para.
61,082 at 61,300-01 (1997). Any reference in this order to ``power
marketers'' means public utilities without ownership, operation or
control over generation and/or transmission facilities, i.e.,
independent power marketers and affiliated power marketers.
In addition to the categories of ``Independent Power Marketers''
and ``Affiliated Power Marketers,'' the caption of this order also
lists companies under the categories of ``Affiliated Power
Producers'' and ``Other Utilities with Market-Based Rates'' based on
the list on the Commission's Internet site. Because these two
categories may include utilities that may be, for some period of
time, only power marketers, we have included them in the caption as
well.
---------------------------------------------------------------------------
As discussed below, we will deny Southern's request for rehearing.
We agree with Southern, however, that the Commission's goal of ensuring
a competitive marketplace will be furthered by ending the current
disparity between the reporting requirements for long-term contracts
applicable to traditional public utilities selling at market-based
rates and the reporting requirements applicable to power marketers.
Accordingly, we are revising the reporting requirements for long-term
contracts applicable to power marketers to be consistent with the
reporting requirements applicable to traditional public utilities with
market-based rates. Specifically, with respect to any long-term
transaction agreed to by a power marketer after 30 days from the date
of issuance of a final order in this proceeding, the power marketer
must file a service agreement with the Commission within 30 days after
service commences, rather than merely reporting transactions thereunder
in its quarterly transaction summaries. We are also eliminating the
requirement that power marketers file informational reports on their
purchases.
We will also grant party status to all of the companies listed in
the caption, and will entertain late motions to intervene filed by any
other interested persons, so that they have the opportunity to seek
rehearing regarding the change in policy announced herein. Further, we
will delay the effectiveness of our new policy until 30 days after the
issuance of a final order in this proceeding, when we will have acted
upon any requests for rehearing. In the event no party requests
rehearing of this order, then this order would be the final order in
this proceeding. Power marketers will not be required to file long-term
transactions that were agreed to or consummated prior to the effective
date of this policy change.
Discussion
In an earlier proceeding involving Southern, we instituted, at
Southern's behest, the practice of permitting traditional public
utilities transacting under market-based rate authority to employ
abbreviated reporting requirements for short-term (one year or less in
duration) transactions.\4\ Specifically, we stated that all such
traditional public utilities would thereafter be allowed to report
short-term transactions on a summary, quarterly basis.\5\ Southern in
that proceeding--requested the abbreviated filing requirements only
with respect to short-term transactions. For long-term transactions, it
proposed to file separate service agreements, under umbrella agreements
already on file, within 30 days after commencement of service. Southern
asserted, and we agreed, that short-term transactions should be treated
differently, because they frequently are not the subject of separate
written agreements and may be negotiated orally and documented only by
log entries.\6\
---------------------------------------------------------------------------
\4\ See Southern Company Services, Inc., 75 FERC para. 61,130,
clarified on other grounds, 75 FERC para. 61,353 (1996) (Southern
I).
\5\ Southern proposed semi-annual transaction summaries, but we
required the summaries to be filed quarterly, to accord with the
requirements applicable to power marketers. See id., 75 FERC at
61,444.
\6\ See id.
---------------------------------------------------------------------------
Now, on rehearing of the September 25 Order, Southern challenges
the filing requirements for long-term market-based rate transactions
that Southern itself proposed in Southern I for traditional public
utilities. Southern now argues that continuing the disparity between
filing requirements for long-term marked-based rate transactions
applicable to traditional public utilities and those applicable to
power marketers is inconsistent with the Commission's goal of ensuring
a level playing field in a competitive marketplace. We agree.
We do not agree, however, that the appropriate remedy is to relax
the reporting requirements applicable to traditional public utilities
for long-term market-based rate transactions. Rather, we believe that,
as Southern argued in the Southern I proceeding, different reporting
requirements are appropriate for short-term and long-term transactions.
Therefore, just as power marketers and traditional public utilities
currently have the same reporting requirements for short-term
transactions (i.e., quarterly summaries), we conclude that they also
should have the same reporting requirements for long-term transactions
(i.e., filing of service agreements within 30 days after commencement
of service). We discuss below our rationale for adopting reporting
requirements based not on the type of seller involved, but rather on
the type of transaction involved.
We initially emphasize that we are not imposing new filing
requirements on power marketers. The policy change
[[Page 30008]]
we announce herein reflects our decision to rescind, on a prospective
basis, the waiver that we have generally granted to power marketers of
the requirement to file long-term transaction agreements.\7\ To provide
those power marketers and their customers with appropriate notice of
this policy change, we have included in the caption of this order the
docket numbers for those power--marketers for whom we previously
granted waiver of the requirement to file long-term transaction
agreements. We also emphasize that this policy will apply only on a
prospective basis, 30 days after the issuance of a final order in this
proceeding.
---------------------------------------------------------------------------
\7\ Sec 28 CFR 35.1(a) (1998), which, in pertinent part,
requires every public utility to file rate schedules ``setting forth
all rates and charges for any transmission or sale of electric
energy subject to the jurisdiction of this Commission, the
classifications, practices, rules and regulations affecting such
rates and charges and all contracts which in any manner affect or
relate to such rates, charges, classifications, services, rules,
regulations or practices, as required by section 205(c) of the
Federal Power Act * * *.''
---------------------------------------------------------------------------
The current general practice of sellers in the industry, both
traditional public utilities and power marketers, is to engage in
short-term transactions that frequently are not the subject of separate
written agreements. To require traditional utilities and power
marketers to prepare, negotiate and file a written agreement for every
short-term transaction would seriously diminish the flexibility and
efficiency of the short-term market and burden the resources of both
the reporting parties and the Commission. We continue to believe,
therefore, that our policy of allowing all short-term market-based rate
transactions to be reported in quarterly summaries correctly balances
the goal of an efficient and competitive marketplace with the
Commission's responsibility to ensure that such transactions comply
with the requirements of the Federal Power Act (FPA).\8\
---------------------------------------------------------------------------
\8\ See, e.g., LG&E Power Marketing Inc., 68 FERC para. 61,247
at 62,124 (explaining that the quarterly filing requirement for
marketers is necessary to ensure compliance with the FPA, to allow
the Commission to evaluate the reasonableness of the rates and to
provide for ongoing monitoring of the marketer's ability to exercise
market power), modified on other grounds, 69 FERC para. 61,153
(1994); Enron Power Marketing, Inc., 66 FERC para. 61,244 at 61,598
(1994) (noting that the quarterly filings allow the Commission to
monitor the marketer's adherence to the standards that allow it to
sell at market-based rates).
---------------------------------------------------------------------------
For long-term transactions, on the other hand, a different balance
is appropriate. Long-term transactions are almost always the subject of
separate written agreements and do not normally involve the same time-
sensitive pressures as short-term competitive markets. Thus, to require
all entities engaging in long-term transactions to file written
agreements for such transactions, within 30 days of the date service
commences, in our judgment will neither impede flexibility and
efficiency in the long-term market nor unduly burden the resources of
the reporting parties and the Commission. Moreover, we see no reason to
continue allowing power marketers a more relaxed reporting requirement
for long-term transactions than that applicable to traditional
utilities. Power marketers, like any other public utility, are subject
to the requirement under section 205(c) of the FPA to file with the
Commission for public inspection all rates, charges, classifications
and practices, as well as any contracts that affect or relate
thereto.\9\ As noted above, we continue to believe that quarterly
transactional summaries are, on balance, appropriate under section
205(c) for short-term transactions--which, in our experience,
constitute the bulk of power marketers' jurisdictional activities. To
the extent, however, that power marketers are engaged in long-term
transactions, we will require them, like other public utilities selling
at market-based rates, to file the actual long-term agreements with the
Commission rather than merely report the transactions in quarterly
summaries.
---------------------------------------------------------------------------
\9\ Enron Power Marketing, Inc., 65 FERC para. 61,305 at 62,406
(1993), order on reh'g, 66 FERC para. 61,244 (1994); National
Electric Associates Limited Partnership, 50 FERC para. 61,378 at
62,157 n.15 (1990).
---------------------------------------------------------------------------
Accordingly, with respect to any long-term transaction (i.e.,
longer than one year) agreed to or consummated by a power marketer
after 30 days from the date of issuance of a final order in this
proceeding, a service agreement must be filed within 30 days after
commencement of service. To ensure clear identification of filings, and
in order to facilitate the orderly maintenance of the Commission's
files and public access to the documents, long-term transaction service
agreements should not be filed together with short-term transaction
summaries.\10\ We will rescind, on a prospective basis, the waiver
previously granted to power marketers of the requirement to file long-
term transaction agreements with the Commission.
---------------------------------------------------------------------------
\10\ See Consolidated Edison of New York, Inc., 78 FERC para.
61,298 at 62,286; Southern I, 75 FERC at 61,444-45.
---------------------------------------------------------------------------
Our new policy will apply prospectively, but it will apply to
existing, as well as new, power marketers. In view of the fact that we
are announcing a new policy at the rehearing stage of this proceeding,
we have listed the affected power marketers, and the dockets in which
they were granted market-based rate authorization, in the caption of
this order, and we are directing the Secretary to publish this order in
the Federal Register. Further, as a matter of administrative
convenience, all of the companies listed in the caption are hereby made
parties to this proceeding. With respect to other interested persons,
we believe that it is appropriate to make an exception to our practice
of not permitting late interventions for the purpose of filings
requests for rehearing. Accordingly, we will entertain late motions to
intervene in this proceeding for the purpose of filing requests for
rehearing of this order.\11\ Further, we will delay the effectiveness
of the new reporting requirements announced herein pending Commission
action on the requests for rehearing of this order and the issuance of
a final order in this proceeding.
---------------------------------------------------------------------------
\11\ We strongly encourage those parties with common interests
to file joint requests for rehearing, to the degree possible.
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As noted, the affected companies are listed in the caption of this
order for purposes of providing appropriate notice. While the
Commission has made a diligent effort to ensure that all affected power
marketers are included in the caption of this order, it is possible
that some affected power marketers are not listed. However, this policy
change will apply to all power marketers, regardless of their inclusion
in the caption.\12\
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\12\ In the event that a power marketer that is affected by this
order is not listed in the caption of this order, it should inform
the Commission of that fact, including the docket number in which it
was granted market-based rate authority.
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It is not necessary for entities moving to intervene and/or
requesting rehearing to list all of the dockets listed in the caption.
Instead, in order to facilitate the processing of pleadings, for any
person filing a late motion to intervene and/or a request for rehearing
of this order, the caption of its pleading should refer only to
``Southern Company Services, Inc., Docket No. ER96-2573-001'' and the
case-specific market-based rate docket number(s) with which it is
concerned, if any. Further, as previously noted, it is possible that
not all affected power marketers are included in the caption of this
order. Any power marketer with market-based rate authorization not
listed in the caption (or its customers) may also file a late motion to
intervene and request for rehearing of this order.
[[Page 30009]]
The Commission Orders
(A) Southern's request for rehearing of the September 25 Order is
hereby denied.
(B) Previously-granted waivers of the requirement to file long-term
(longer than one year in duration) transaction agreements are hereby
rescinded on a prospective basis, effective 30 days after the issuance
of a final order in this proceeding, as discussed in the body of this
order.
(C) Pursuant to Ordering Paragraph (B), the reporting requirements
applicable to power marketers for long-term (longer than one year in
duration) transactions are hereby revised to match those applicable to
traditional public utilities, effective 30 days after the issuance of a
final order in this proceeding, as discussed in the body of this order.
(D) The entities listed in the caption of this order are hereby
made parties to this proceeding.
(E) The Secretary shall promptly publish a copy of this order in
the Federal Register.
By the Commission. Commissioner Bailey concurred with a separate
statement attached.
Linwood A. Watson, Jr.,
Acting Secretary.
Bailey, Commissioner, concurring
I strongly support this order to the extent it equalizes the
reporting requirements for both marketers and traditional utilities
which have Commission authorization to sell power at market-based
rates.
I have previously questioned the rationale, if any, for
different reporting requirements for different types of sellers with
market-based power sales authority.\1\ I can see no reason, in a
post-Order No. 888 world of increased competition and
nondiscriminatory access to transmission service, to treat marketers
any differently than traditional utilities for purposes of reporting
their power sales transactions. I have been concerned that the
disparity in reporting requirements could somehow confer a
competitive advantage on those power sellers with a lesser reporting
obligation and, perhaps, without the same obligation to disclose
commercially sensitive information. Today's order removes that
disparity.
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\1\ See Clarksdale Public Utilities Commission v. Energy
Services, Inc., 85 FERC para. 61,268 at 62,079-80 ((1998) concurring
statement).
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I am less certain as to the desirability of the Commission's
means to remove the disparity in reporting requirements. The
Commission chooses to increase the reporting requirements applicable
to power marketers by obligating them to file for Commission review
all long-term power sales agreements (which now need only be
reflected in quarterly transaction summaries). In my opinion, the
better approach might be to decrease the reporting requirements
applicable to traditional utilities by allowing them to reflect
their long-term transactions in the quarterly reports they currently
are allowed to file for all short-term transactions.
Today's order explains why power marketers should not be
particularly burdened by the new filing requirement, since long-term
agreements typically are reduced to writing anyway. Today's order
does not explain, however, how the filing (as opposed to the
quarterly reporting) of long-term agreements by marketers and
traditional utilities alike will materially help the Commission in
its monitoring of competitive markets and in its responsibility to
ensure that all wholesale power rates are just and reasonable.
I suspect the benefit, from the Commission's perspective, in the
filing of long-term power sales agreements lies in the belief that
the such filing will convey more and better information (on price,
terms and conditions) than that reflected in the quarterly reports
the Commission receives. If, so, I question whether the better
approach is not to add to the filing requirements of power
marketers, but rather to standardize and improve the quantity and
quality of information reflected in the quarterly reports they
submit.
Even if there is no general obligation to file long-term
agreements, the Commission presumably would continue to require
their filing to the extent they reflect a transaction among
affiliates.\2\ Moreover, since, as the order explains, the quarterly
reporting requirement for short-term transactions is based on a
discretionary waiver of the section 205 notice and filing
requirement, the Commission could rescind that waiver, and require
the filing of any agreement, at any time--such as upon the filing of
a customer complaint. (This is analogous to the Commission's
commitment to rescind any waiver of the Order No. 888 (open access
tariff) and 889 (OASIS and separation of functions) requirements
upon the filing of a customer complaint \3\).
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\2\ The Commission has long required power marketers with
market-based rate authorization to commit in their tariffs not to
sell power to or purchase power from an affiliated traditional
utility, and vice versa, unless the Commission first approves such a
transaction in a separate rate filing under section 205 of the FPA.
Cf., e.g., Detroit Edison Company, 80 FERC para. 61,348 (1997); GPU
Advanced Resources, Inc., 81 FERC para. 61,335 (1997).
\3\ See Central Minnesota Municipal Power Agency, 79 FERC para.
61,260 at 61,127 (1997); Easton Utilities Commission, et al., 83
FERC para. 61,334 (1998).
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It may be useful to consider this issue in a more global
context. The Commission might want to consider that type of
information it (and the public) needs from the sellers of power at
market-based rates at the same time it considers other reporting and
filing improvements--for example, at the time it considers revisions
to the FERC Form 1 reporting requirements applicable to all public
utilities.
And I am reluctant to insist upon generic improvements to
Commission reporting and filing requirements in the context of our
action on a single request for rehearing filed almost three years
ago by a single utility in a particular adjudication. Today's order,
recognizing the Commission's adoption of new policy, grants party
status to power marketers, which might otherwise be caught off-
guard, for the purpose of seeking rehearing of this rehearing order.
I welcome any comment as to whether the Commission should employ a
different method for equalizing the reporting and filing
requirements applicable to power marketers and traditional
utilities.
Vicky A. Bailey,
Commissioner.
[FR Doc 99-14120 Filed 6-3-99; 8:45 am]
BILLING CODE 6717-01-M
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.