today ' s commission meeting in our negotiated rate proceeding , the commission issued a section 5 " show cause " order . specifically , tw must , within 10 days of the order , show cause why its actions in offering the negotiated rate contracts ( reliant , richardson , bp , sempra , astra ) was not in contravention of commission policy . tw must explain the availability of firm capacity on tw ' s system , and how it has the firm capacity to move gas under the transactions under investigation , yet provide recourse service without interruption . drew , maria and i will work with outside counsel to file the necessary pleading . i ' ll get a copy of the order to each of you .
in other news , in cpuc v . el paso , the commission issued an order discussing cpuc ' s complaint that el paso merchant intentionally acquired more capacity than needed to manipulate price spreads . the order dismisses denies summary judgment and dismisses the complaint . ferc stated that el paso merchant has not violated any standards of conduct . with respect to the issue of market power , the current record is not considered to be complete . however , ferc will schedule a hearing to complete and review the record .
today ' s commission meeting
in our negotiated rate proceeding , the commission issued a section 5 " show cause " order . specifically , tw must , within 10 days of the order , show cause why its actions in offering the negotiated rate contracts ( reliant , richardson , bp , sempra , astra ) was not in contravention of commission policy . tw must explain the availability of firm capacity on tw ' s system , and how it has the firm capacity to move gas under the transactions under investigation , yet provide recourse service without interruption . drew , maria and i will work with outside counsel to file the necessary pleading . i ' ll get a copy of the order to each of you .
in other news , in cpuc v . el paso , the commission issued an order discussing cpuc ' s complaint that el paso merchant intentionally acquired more capacity than needed to manipulate price spreads . the order dismisses denies summary judgment and dismisses the complaint . ferc stated that el paso merchant has not violated any standards of conduct . with respect to the issue of market power , the current record is not considered to be complete . however , ferc will schedule a hearing to complete and review the record .