Inergy LP has closed on its acquisition of the Seneca Lake gas storage facility in Schuyler County, NY, and two related pipelines for about $65 million from New York State Electric & Gas Corp. Seneca Lake is a 2 Bcf salt cavern storage facility on Inergy's U.S. Salt property outside Watkins Glen, NY. It has a maximum withdrawal capability of 145 MMcf/d and maximum injection capability of 72.5 MMcf/d. Seneca Lake is connected to the Dominion transmission system via the Seneca West Pipeline and indirectly to the citygate of Binghamton, NY, via the Seneca East Pipeline. The deal was announced in January 2010 (see Daily GPI, Jan. 12, 2010). It required the approval of the Federal Energy Regulatory Commission as well as that of the New York State Public Service Commission.
The California Public Utilities Commission (CPUC) approved measures to lower the barriers to development of electric vehicles (EV). The CPUC directed electric investor-owned utilities to collaborate with automakers and other stakeholders to identify where EV charging will likely occur and plan accordingly. While advocates for more natural gas use as a transportation fuel continue to lobby for a level playing field, the CPUC addressed a number of issues of concern in the EV sector. These include the sufficiency of existing residential, commercial and industrial EV rates and a process to develop an EV metering protocol, among others.
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