Mergers and the FERC: Have we learned enough to avoid a hearing?
The Federal Energy Regulatory Commission (FERC) approved, and then withdrew, its approval of the merger of Cincinnati Gas & Electric Company (CG&E) and PSI Energy, Inc. (PSI) to create CINergy Corp. The FERC held no evidentiary hearing on that merger, and also refused to set for hearing competition issues in connection with its approval of the merger of Gulf States Utilities into Entergy Corp. More recently, however, the FERC set for hearing, in connection with the merger of El Paso Electric Co. into Central and South West Corp. (CSW), both the effect of the proposed merger on operating costs and rate levels and the terms of the proposed transmission tariffs. Taken together, these actions indicate that a trial-type evidentiary hearing on contested issues may be avoided, but only if the FERC can otherwise satisfy itself that a merger is consistent with its evolving concept of the public interest.
- OSTI ID:
- 451261
- Journal Information:
- Fortnightly, Journal Name: Fortnightly Journal Issue: 17 Vol. 132; ISSN FRTNE8
- Country of Publication:
- United States
- Language:
- English
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