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April 6, 2007
NEM Tenth Annual Global Energy Forum and Membership Meeting

Please mark your calendars for April 24-25, 2007, for NEM's Tenth Annual Global Energy Forum and Membership Meeting. The meeting will be held in Washington, DC at the Marriott Metro Center. Those confirmed to participate include: U.S. Senator Richard Burr, U.S. Congressman Edward Markey, U.S. Congressman Steve Buyer, U.S. Congressman Tim Murphy, FERC Commissioners Marc Spitzer and Jon Wellinghoff, Delaware Senate Majority Leader Harris McDowell, Georgia PSC Chair Stan Wise, Pennsylvania PUC Energy Advisor Eric Matheson, MCI Founder Jack Goeken, and NYMEX President, James Newsome.

Please use the hotlink below to view the agenda and to register:

Please note that the early bird registration discount is in effect through April 13, 2007. The NEM preferred rate at the Marriott Metro Center for hotel accommodations expires on April 10, 2007.

FTC Conference on Energy Markets

FTC issued a revised agenda for its conference on "Energy Markets in the 21st Century: Competition Policy in Perspective." The conference will take place from April 10-12, 2007, in Washington, DC. The conference will examine a wide array of issues including: lessons learned from the 1970s energy crisis; how energy markets work within the framework of government policy choices; the history of electric power restructuring; debates about effects of restructuring such as post rate cap price volatility, generation and transmission building incentives, and successful restructuring models; new technological frontiers; consumers and price signals; implications of the world energy situation for U.S. energy supplies; vulnerability to energy supply and demand shocks; and the state of our electric power transmission and distribution systems. The full text of the FTC Conference Agenda is available on the NEM Website.

Kelliher Statement on Market Monitoring Policies

Chairman Kelliher gave opening remarks at today's market monitoring policy conference. Kelliher noted that FERC issued a Policy Statement on Market Monitoring Units two years ago. However, in view of recent court decisions, more clarity may needed as to what functions market monitors can properly be expected to perform. Kelliher queried whether the Commission should institute a rulemaking to establish the role of market monitors. He also noted two fundamental questions that frame the debate as to the market monitors proper role: 1) what should the role be? and 2) what can the role be (given legal restrictions). The full text of Kelliher's Remarks is available on the NEM Website.

Click here to view all past updates.
Consumers Electric Rate Case

Consumers filed an application requesting an increase in electric generation and distribution rates. Consumers estimates an increase in electric revenue requirements of approximately $143.5 million for a 2008 test year. (Including the sale of the Palisades nuclear plant would reduce base rate revenue requirements by about $167.1 million with a net reduction of $23.6 million). Consumers proposed rates would yield an overall rate of return on total rate base of 7.1% and a rate of return on common equity of 11.25%.

Consumers proposed to simplify and consolidate its rate schedules to implement a "new market-based energy rate, new low income rate, a new educational institution rate, grandfathering of the current senior citizen rate, and rates that are designed to better reflect service voltage and load factor." Consumers sought to modify its rates to reduce cross-subsidization by approximately 20% per year over a five year period. In response to difficulty in projecting participation in retail access, an Electric Choice Incentive Mechanism is sought that would recognize a portion or all of certain positive or negative variances from retail access participation levels used in setting rates. The full text of Consumers Electric Rate Application is available on the NEM Website.

MGU Nomination Limitation Proposal

MGU proposed a revision to Section F of its tariff on the Sales and Transportation of Natural Gas. MGU proposed to add language that, "Nominations that exceed the 110% limitation shall be subjected to overrun charges and imbalance penalties, as imposed by interstate pipelines." MGU said the change is reasonable because it conforms to the 110% nomination limitation in place on ANR Pipeline, and therefore, deviations on its system will match tolerance levels established by upstream suppliers. Nominations that exceed the 110% limitation will be accommodated by MGU when "operationally feasible." A public hearing on the proposal is scheduled for April 25, 2007, and interventions are due April 18, 2007. The full text of MGU's Application is available on the NEM Website.

New Jersey
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Meeting of Energy Master Plan Pricing Working Group

The Energy Master Plan (EMP) Pricing Working Group will hold its initial meeting on Tuesday, April 10, 2007, from 1PM to 4PM in the Board's Newark offices. The group will begin consideration of three Draft EMP pricing objectives:

1) Maintaining electricity prices per unit in New Jersey within 5% of the regional average;
2) Eliminating transmission congestion (where cost effective) by 2020 to equalize wholesale electricity prices; and
3) Maintaining natural gas prices per unit in New Jersey within 5% of the regional average price.

Teleconferencing for the meeting is also available (Dial in - 1-866-255-8320 and passcode 898759).

Click here to view all past updates.
Attorney General Challenges Nomination Process of PUC Commissioners

Attorney General Dunn is calling for the resignation of PUCO Chair Schriber and Commissioners Fergus and Lemmie. The issue arises out of the nomination process. The twelve member council that recommends nominees to the governor met in closed session and used secret ballots. Dunn maintains this is contrary to public meeting laws. With the expectation of a new nomination process, the Governor's spokesman said the Governor's office would be inclined to reappoint the same Commission members. Importantly, the resignations do not effect the validity of prior Commission determinations.

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