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Connecticut 2003
Decision
Decision
2002
Decision
The Department of Public Utility Control adopted a proposed Settlement Agreement submitted by Yankee Gas Services Company, The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and others on September 27, 2002. It calls for net shifted costs, related to capacity, to be eliminated by firm transportation customers, over a four-year period. Phase 1 has a $0.30/mcf transition charge, Phase 2 has a $0.34/mcf transition charge, Phase 3 will eliminate two-thirds of the net shifted capacity costs and Phase 4 will eliminate 100% of net shifted capacity costs on a going forward basis. The Settlement Agreement provides for the current level of reliability of gas service to be preserved. Local gas distribution companies (LDCs) will continue providing supplier of last resort services for at least the next three years and will continue to be responsible for the long term/supply capacity planning activities. The Settlement Agreement makes certain changes to the LDCs' tariffs regarding cashouts and imbalance trading. The Settlement Agreement allows the LDCs to continue to offer gas supply services for at least the four-year term of the Settlement Agreement. Finally, the Participants agreed in the Settlement Agreement that the public interest is served by vigorous retail competition on a level playing field with proper cost assignment in the supply of gas to customers.
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Decision
2001
Decision
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Decision
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Report
Decision
2000
Decision
Report
Decision
Decision
By joint application dated January 12, 2000, filed with the Connecticut Department of Public Utility Control, Consolidated Edison, Inc. (CEI) and Northeast Utilities (NU) requested that the Department approve a change of control of NU to CEI. Under the Merger Agreement, CEI will acquire NU for a base price of $25 per NU common share, subject to certain adjustments. The total price to be paid to NU shareholders is estimated to be $26.50 per share or $3.8 billion, including an acquisition premium of $1.5 billion. In this Decision, the Department approves, with conditions, the proposed merger between CEI and NU. The proposed Merger would allow CEI to exercise control over The Connecticut Light and Power Company (CL&P) and Yankee Gas (Yankee), both regulated public service companies in Connecticut. Before approving a merger of gas and electric distribution companies, however, the Department is required to take into consideration (1) the financial, technical and managerial suitability and responsibility of the applicant, and (2) the ability of the acquiring company to provide safe, adequate and reliable service to the public through the acquired company's plant, equipment and manner of operation if the application were to be approved. Over the course of this proceeding, CEI was able to demonstate fitness in these areas but the Department would only grant approval for the merger if CEI fulfilled a number of conditions relating to reliability, synergy savings, economic development, and market power, among others. These conditions included the following: CL&P and Yankee were required to maintain, minimally, their current capital structures of 38% common equity and 62% total debt, the Department set a goal for CL&P to improve reliability levels by at least 1% annually, and 5% overall by the end of 2003, CEI will have no involuntary layoffs for any NU employee that is employed by or used to support its regulated operations in Connecticut, other than for cause, through December 31, 2003, and within 60 days of the consummation of the merger, an immediate 3% across-the-board reduction in CL&P's distribution rates will go into effect for all customers.
This Order was approved by a 4-1 Department vote.
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1999
Decision
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1998
Decision
In this Decision, the Department finds the Line Maintenance Plans of The Connecticut Light and Power Company (CL&P) and The United Illuminating Company (UI; collectively, Companies) to be acceptable. The Department also orders the Companies to eliminate the quarterly reliability report, and establishes new reporting requirements. For CL&P, the Department orders reporting on the status of replacement of certain failure prone equipment. For UI, the Department orders reporting on the status of changes to its line maintenance plan. (Approximately 11,200 words or 31 pages)
Decision
This Decision assigns the costs of The Connecticut Light and Power Company and The United Illuminating Company to one of three functions; production (generation), transmission or distribution.
In this Decision the Department isolates each utilities’ fully embedded cost for generation and generation-related services from all other utility costs. The generation costs identified herein do not reflect future competitive generation offerings and should not be used as a benchmark for comparing such offerings. Competitive generation pricing is a component of each utility’s fully embedded costs and will be identified and broken out in subsequent proceedings. Therefore, this Decision should be viewed as the first step toward calculating competitive generation services rates.
1995
Order concerning the implementation of competition in the Connecticut Electric Industry
Telecom Orders
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