Utility, users fight over $1B from Texaco

Journal Article · Mon Sep 20 00:00:00 EDT 1982 · Energy User News; (United States)

OSTI ID:6624475

Raymond, M

Texaco Inc. is paying Louisiana Power and Light over $1 billion for reducing its natural gas demand, and industrial users want the money returned to them as a refund rather than reinvested in a nuclear plant under construction. A shortage of natural gas prompted Texaco to offer financial incentives to large users to cut their consumption. Users claim they are entitled to the refunds because they paid 60% of the supplementary cost when Texaco could not meet its contract obligations. The utility hopes to avoid a large rate increase to reduce construction debts for the nearly completed Waterford 3 nuclear plant. (DCK)

• OSTI ID: 6624475
• Journal Information: Energy User News; (United States), Vol. 7:38
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ENERGY CONSERVATION
FINANCIAL INCENTIVES
NATURAL GAS
CONTRACTS
PUBLIC UTILITIES
FUEL CONSUMPTION
ENERGY CONSUMPTION
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
296000* - Energy Planning & Policy- Electric Power
320603 - Energy Conservation
Consumption
& Utilization- Municipalities & Community Systems- Public Utilities- (1980-)
320301 - Energy Conservation
Consumption
& Utilization- Industrial & Agricultural Processes- Energy Sources
294003 - Energy Planning & Policy- Natural Gas