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EPSA SUPPORTS FERC'S BLANKET AUTHORIZATION PROPOSAL FOR CERTAIN CONTRACT TRANSFERS

WASHINGTON, D.C. - The Electric Power Supply Association (EPSA) filed yesterday in support of the Federal Energy Regulatory Commission's (FERC) proposal to provide a blanket authorization for transfers of wholesale power contracts whenever the acquirer has no captive customers and the contract does not provide for the control of generation or transmission today. These transfers have no effect on competition in a given area, there is no impact on rates of captive customers, the transaction does not raise cross subsidization concerns, and there is no impact on regulation.

EPSA member companies have reported that it can cost up to $10,000 to prepare and submit the applications for pre-approval, and waiting for approval could delay the transaction for 60 days or more while the application is being prepared and then pending at FERC. Such delays and costs discourage otherwise efficient and economic transactions and can result in foregone business opportunities.

EPSA's filing supports FERC's proposal to allow these transactions to take place under a blanket authorization.

CONTACT: JOHN SHELK
(202) 349-0154or 703-472-8660

EPSA is the national trade association representing competitive power suppliers, including generators and marketers. These suppliers, who account for nearly 40 percent of the installed generating capacity in the United States, provide reliable and competitively priced electricity from environmentally responsible facilities serving global power markets. EPSA seeks to bring the benefits of competition to all power customers.