December 24, 2024
Company Briefs
DTE Computer Glitch Duplicating Charges
This week's company briefs include news on DTE, Dominion Power Virginia, Westar, PSO, EFH and other companies.

DTE Energy says a glitch in its computers caused customers to be charged multiple times in late August.

dteenergy(dte)One ratepayer said she was charged eight extra times for the same $135 bill, and $1,215 was automatically withdrawn from her account.

DTE said customers who made payments on Friday, Aug. 19, or Monday, Aug. 22, could be affected.

More: WDIV

Dominion Virginia Power Proposing $53M Tx Project

virginiadominion(dominion)Dominion Virginia Power has applied with the Virginia State Corporation Commission to replace the existing 500-kV Carson-Rogers Road Line in Greensville County. The project, if approved, would cost about $52.9 million and be completed in December 2018.

The company says the project will ensure it meets mandatory NERC and PJM reliability standards. The existing line went into service in 1972 and is nearing the end of its service life.

More: Electric Light & Power

Westar, Great Plains Shareholders To Vote on Merger in September

WestarEnergy(westar)Great Plains Energy and Westar Energy shareholders will vote on Great Plains’ proposed $12.2 billion acquisition of Westar in separate but concurrent special shareholder meetings Sept. 26. The deal would pay Westar shareholders $51/share plus $9/share in Great Plains stock.

Westar will hold its meeting at the Kansas Expocentre in Topeka, while Great Plains will host shareholders at its Kansas City office. Shareholders as of the close of business on Aug. 22 are entitled to vote. The companies expect most individual shareholders to mail their votes.

The two companies filed a proxy statement Aug. 25 detailing the transaction, which must be approved by stockholders and multiple regulatory agencies. They expect the deal to close next spring.

More: The Topeka Capital-Journal

PSO Names 40-Year Veteran As VP of Generation Group

psoPublic Service Company of Oklahoma last week named Tommy Slater as vice president of the company’s generating assets. Slater, currently a plant manager at sister company Southwestern Electric Power Co.’s Welsh Plant in Texas, replaces Gary Knight, who is retiring after 35 years with PSO.

Prior to his 2010 appointment as manager at Welsh, Slater worked as a start-up engineer, plant shift supervisor and manager for SWEPCO’s regional engineering organization.

Slater has a bachelor’s degree in mechanical engineering from the University of Texas at Arlington and is a registered professional engineer in Texas.

More: Public Service Company of Oklahoma

Judge OKs 1st Phase of EFH Bankruptcy Plan

EnergyFutureHoldings(energyfuture)A Delaware bankruptcy judge approved the Chapter 11 plan of Luminant and TXU Energy, the two main operating businesses of Energy Future Holdings.

“I believe at the end of the day, this is the best possible deal,” Judge Christopher Sontchi said Friday. The plan will launch a new company containing Luminant and TXU Energy. It will be taken over by senior lenders, including affiliates of Apollo Global Management, Brookfield Asset Management and Oaktree Capital Management.

Phase two of EFH’s bankruptcy, valued at $42 billion, involves the sale of the company’s 80% stake in Oncor to NextEra Energy.

More: The Wall Street Journal

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