Electric utilities' exchange plan approved

Maryland Watch

November 26, 1997

Federal regulators approved a plan yesterday that would set up a common operating system to handle electricity transactions between a group of mid-Atlantic utilities.

The Federal Energy Regulatory Commission's approval will allow the utilities -- including Baltimore Gas and Electric Co. -- to establish an independent system operator beginning Jan. 1.

But in approving the plan for the group known as the Pennsylvania-New Jersey-Maryland Interconnection, FERC ordered that the companies have no financial interest in the operator.

The operator concept is a key part of the restructured electricity industry envisioned by FERC last year, when it ordered utilities to separate their transmission operations from their power-generation assets.

The PJM utilities are: Atlantic City Electric Co.; BGE; Delmarva Power & Light Co.; GPU Inc.'s Jersey Central Power & Light Co.; Metropolitan Edison Co.; Peco Energy Co.; PP&L Resources Inc.; Potomac Electric Power Co.; and Public Service Enterprise Group Inc., holding company for Public Service Electric & Gas. Of the group, only Peco opposed the plan.

Pub Date: 11/26/97

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