Top North American Gas Marketers : Ranking by 2000 Sales VolumeRanking by Fourth Quarter 2000 Sales Volume
Articles from 2001
The extremely higher costs of natural gas and electricity lastyear are reflected in the financial results announced Tuesday byone of the Pacific Northwest’s major combination energy companies,Bellevue, WA-based Puget Energy. The holding company for the stateof Washington’s largest investor-owned utility, Puget Sound Energy,recorded $40 million in receivables for excess power provided toCalifornia’s independent grid operator, Cal-ISO.
Once upon a time, some regions of the United States were having problems meeting peak seasonal demand for natural gas. Inadequate pipeline and storage capacity, combined with production exceeding new natural gas discoveries, sent suppliers looking for alternatives. Imported liquefied natural gas became a hot commodity. Now the story has been rewound and is playing all over again — with bigger players and a wider stage.
A natural gas well in northeastern British Columbia is producingas much as 100 MMcf/d, which would make it one of the top 10onshore discoveries in Canadian history, Murphy Oil Corp. reportedyesterday. The El Dorado, AR-based producer boosted its interest inthe play to 63% last November after acquiring Calgary’s Beau CanadaExploration Ltd. Houston-based partner Apache Corp. holds a 37%interest.
If California utilities fail to pay suppliers for the emergencypower and natural gas that they’ve received during the currentcrisis, taxpayers nationwide could wind up footing the bill forbillions of dollars, warned Chairman Frank Murkowski (R-AK) of theSenate Energy and Natural Resources Committee yesterday.
Niagara Mohawk (NIMO) shareholders last week approved an $8.9billion merger with Britain’s National Grid Group plc a couple daysfollowing a major rate reduction deal that was offered to New Yorkratepayers and regulators in exchange for approval of the marriage.
Seeking to set aside what it called an “inappropriate”multi-billion verdict in which a jury awarded the State of Alabama$87 million in compensatory damages and $3.4 billion in punitivedamages over unpaid royalty fees, ExxonMobil Corp. filed an appealyesterday with the Circuit Court of Montgomery County, AL.