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34 News: Periodic Rep. Members Sec. Pub. Util. Comm. & Transp. L. A.B.A. 1 (1994-1995)

handle is hein.journals/infrastr34 and id is 1 raw text is: AB  SETO   OF PU LI  UTLIY  CO M NIN   AN   TRANSP RTATIO

A Periodxc R.
Members of
of Pubhc LUn
AmTerican Bar Association

Electric Utilities Merge, Act Like Telcos, Regulators
Ignore Culture Shock.
U  Entergy's Up, CINergy's Down. On December
15,1993, the Federal Energy Regulatory Commission (FERC)
approved the proiposed merger of Entergy Services, Inc., and
Gulf States Utilities, Co., but only after agreeing to the so-
called Louisiana Tracker - an adjustment clause first
proposed by the Louisiana Public Service Commission to
monitor the winners and losers in economy trades among
the various Entergy operating subsidiaries, and true up ac-
nts in ten years. The parties then signed their final merger
,,,eement late on New Years' eve.
But on January 12, the FERC withdrew its approval
already granted back in August for the CINergy merger,
which would combine PSI Energy, Inc., and Cincinnati Gas &
Electric Co. (CGj&E). The FERC cited uncertainty about
whether the merger would undergo state review.
0 Electro-Cormnunications. In January, Pacific Gas
and Electric Co., Tele-Communications Inc. (TCI), and Mi-
crosoft Corp. announced the signing of a memorandum of
understanding to work together on a telecommunications
project to deliver real-time energy pricing information to
electric utility customers via cable television lines. Elsewhere
Congressman Rick Boucher (D., Va.) announced plans re-
cently to introduce legislation to amend the Public Utility
Holding Company Act to allow electric utilities regulated by
the Securities and Exchange Commission to compete in the
cable television and telephone markets.
0 Culture Shock. In a natural gas rate order issued
last October, the Michigan Public Service Commission disal-
lowed $2.5 million in costs spent by Michigan Consolidated
Gas Co. in an effort to shift corporate culture and gear-up
for competition through an employee training project called
Power of You - .uild the Future, designed to alter the
way workers view their jobs through team building, leader-
:% training, and personal development. Also in the same
.', the commission rejected a company proposal to adjust
capital structure and so boost equity return to overcome an
- alleged stigma against the city of Detroit in financial mar-

Regulation Under the
Clinton Administration
A Report from the Section's Industry and Practice
Bill Clinton believes we need a new National Energy
Policy that lets Americans control America's energy future.
Instead of coddling special interests whose fortunes depend
upon America's addiction to foreign oil, Clinton's National
Energy Policy promotes national security, energy diversity,
economic prosperity, and environmental protection.
- from Bill Clinton on National Energy Policy, a five-
page position paper issued by the Bill Clinton for President
Committee during the 1992 campaign.
In this issue, we present excerpts from reports on issues
facing the Clinton Administration, issued by the various
industry and legal practice committees of the Section of
Public Utility, Communications, and Transportation Law.
The committee reports examine personnel apppointments,
policy announcemen~ts, and political changes within the Clinton
Administration- and what these changes hold for the nation's
regulated industries. The complete set of reports covers a full
range of issues - from electric utility restructuring to airline
competition, from cable television to telephone deregulation,
from antitrust enforcement to environmental policy - and is
available to Section Members and others interested in law
and regulation.
For more information, please contact Mary E. Sears,
American Bar Association, 750 North Lake Shore Drive,
Chicago, Illinois 60611. Tel. 312-988-5602.
The Chairman's Statement
A welcome to Section Members old and new from
Section Chair Steve C. Griffith, Jr.

34. NO. I                                                  EARLY  SPRING  1994

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