2008

The report “Spectra Outlines Growth Projects” on May 9 should have stated that Spectra’s Southeast Supply Header is scheduled to be completed in the summer of 2008 (not 2009).

Between now and November 2008, natural gas prices are expected to remain within a $5-10 band, according to Pace Global Energy Services. However, developments in the power and gas sectors suggest excursions from that trend could range from a low of $2.50 to a high of $20/MMBtu, said Art Holland, Pace director of power and forecasting. Such wide travel in prices is quite unlikely but possible, he said.

Between now and November 2008, natural gas prices are expected to remain within a $5-10 band, according to Pace Global Energy Services. However, developments in the power and gas sectors suggest excursions from that trend could range from a low of $2.50 to a high of $20/MMBtu, said Art Holland, Pace director of power and forecasting. Such wide travel in prices is quite unlikely but possible, he said.

A bipartisan group of House lawmakers last Thursday called on an appropriations subcommittee chairman to insert language in the fiscal year 2008 spending bill that would bar the Department of Energy (DOE) from using federal funds to designate two National Interest Electric Transmission Corridors (NIETC) in the Mid-Atlantic and Southwest regions of the country.

A Florida Senate committee last Thursday unanimously approved a measure that seeks voter approval in 2008 of a constitutional amendment to prohibit oil and natural gas drilling within 250 miles of Florida’s coastline.

A Florida Senate committee Thursday unanimously approved a measure that seeks voter approval in 2008 of a constitutional amendment to prohibit oil and natural gas drilling within 250 miles of Florida’s coastline.

Pacific Gas and Electric Co. late Friday announced it had reached a settlement with all parties on natural gas transportation and storage costs covering 2008 through 2010. The settlement must be approved by the California Public Utilities Commission (CPUC), and the utility said it expects action before the end of this year.

Lodi Gas Storage LLC is holding a nonbinding open season for firm storage capacity beginning in September 2008 in anticipation of expansion of its northern California facilities.

The absence of funding in the Bush administration’s fiscal year 2008 budget for the office of federal coordinator for the long-stalled Alaska natural gas pipeline project was not an oversight, but rather was intentional, Energy Secretary Samuel Bodman told a Senate energy panel last Wednesday.