ML19269D111
| ML19269D111 | |
| Person / Time | |
|---|---|
| Site: | Hope Creek, 05000355  |
| Issue date: | 01/15/1979 |
| From: | ENERGY, DEPT. OF |
| To: | |
| Shared Package | |
| ML19269D095 | List: |
| References | |
| FE-528, PR-790115, NUDOCS 7902270335 | |
| Download: ML19269D111 (3) | |
Text
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DEPARTMENT OF ENERGY FEDERA_ EhERGY REGlJlf0RY 30WSSIE WASHINGTON, D. C. 20426 e IMMEDIATE RELEASE NEWS RELEASE y
' "' /\., January 15, 1979 FE-528
/q MEETING j/ MAJOR ACTIONS AT FERC'S JANUARY 10-12 The Federal Energy Regulatory Ccemission at its regular weekly meeting voted to take the follcwing major actions. These actions are not official until the actual document (usually an order or notice) is issued, usually within a few days following the meeting. Under the FERC's rules, Commission decisions are subject to revision -
g\t ,f before issuance.
4 1 '
g$ A 3 ELECTRIC Cl NY # C Alabama Power Ccmpany, of Birmingham, Alabama m h'7/-(7 M y kg[jV (Docket No. E-8 8 51) . The FERC voted to adopt an bA ? opinion which reduces a $12 million annual wholesale C# .J electric rate increase collected by Alabama Pcwer Company, subject to refund, from September 1974 Qif/ Ni C until October 1976. In addition to setting a 13 percent rate of return on common equity to be allowed Alabama, the Ccmmission decided a nuncer of rate design and cost allocation issues.
Alabama is to file revised rates within 60 days after the date the opinion is issued, at which time the amount it will have to refund to its custcmers, plus interest, can be computed.
Southern California Edison Company, of Rosemead, Calff . (Docket No. E-8570). The FERC adopted an ppinio,n which reduces an S8.1 millien annual wholesale electric rate increase collected by
$outhern California Edison Ccmpany from August p.974 to February 1976. The Ccmmission decided a number of rate issues and prescribed a 13 percent return en common equity. The utility is to file a revised cost of service within 75 days after the date the opinion is issued, at which time the amcunt it must reftid to its customers, plus interest, can be computed.
(more) 790227CG 3 T
FE-528 Chic Edison Ccmpany, of Akron, Chio (Docket No. ER77-530). The FERC approved a settlement agreement which reduces a 57.9 million annual wholesale electric rate increase which Chio Edison has charged 21 municipal custcmers, subject to refund, since January 1978. The settlement provides for a two-step increase. During the first stage, from January 1 to November 20, 1978, the rate increase is about S4.5 million annually, and during the second step, frcm November 20, 1973 on, the rexe increase is about S5.7 million annually. Chio Edison is to refund excess amounts collected, with nine percent interest.
MISCELLANECUS Incentive Rate of Return Plan for Alaskan Gas Pipeline (Docket No. RM73-12). The FERC confirmed a December 1 order which approved an incentive rate of return mechanism for all U.S.
portions of the Alaskan Natural Gas The Pipeline Ccmmissien, System except the Western Leg.
upon consideration of written and oral comments, voted to continue the inclusion of allowance for funds used during construction (AFUDC) in the incentive rate of return mechanism. The incentive rate of return concept, required by the President's decision which selected the applicant and route for the Alaskan Pipeline system, is intended to ecmpensate the project investors with a rate of return commensurate with their success in holding dcwn cost overruns and keeping to the project schedule.
NATURAL GAS Florida Gas Transmission Company, of Winter Park, Fla. (Docket No. RP 7 9-16) . The FERC suspended for four months and 20 days an S18.5 millien annual wholesale rate increase proposed by Florida Gas Transmission Company. The increase will become effective June 2, subject to refund, pending final FERC decision. The FERC staff is to submit top sheets for settlement purposes by May 13, with a settlement conference to be held 10 days after that.
Tenneco LNG, Inc. (Docket No. CP76-16). The FERC rejected an application filed in July 1975 by Tenneco LNG, Inc., to build a liquefied natural (more)
FE-528 gas terminal at West Deptford, New Jersey. Tenneco has not filed for authority to import LNG into the proposed facility and its application to build the terminal is incomplete. Tenneco has not submitted the missing data, despite specific direction to do so by the Ccmmission.
Northern Natural Gas Ccmpany, of Cmaha, Nebraska (Dccket No. RP71-107, PGA79-1). The FERC made effective, as of December 27, 1978, subject to refund, a wholesale natural gas rate increase proposed by Northern Natural Gas Company to reflect, among other things, an estimated $153.6 million annually in increared purchssed gas costs.
The Ccmmission set for hearing the issue of whether the cost of certain emergency gas purchases made by Northern should be included in the ratec.
For purposes of this news release, major .
actions are defined as gas rate and certificate, electric rate and securities, and oil rate matters involving more than S1 million, and also hydroelectric project preliminary permit and license actions.
Other matters considered newsworthy--for example, actions which involve policy matters or set precedents--may be included even though they do not meet these criteria. Major actions also include the scheduling of hearings and oral arguments, and rulemaking notices and orders.
The text of the documents adopted will be made available as they are issued by the Ccemission's Secretary.
An asterisk indicates that a separate detailed news release will acccmpany the FERC order whsn it is issued. News releases are written on items which have major impact or are of broad public interest.
-FERC-For further information CC-E call 275-4006 (Area Code 202)