Columbia Gas of Ohio will now obtain gas supplies through a market-based auction process, which will replace the company’s gas cost recovery pricing mechanism, the Public Utilities Commission of Ohio (PUCO) said Wednesday. The change is expected to save customers money, according to the PUCO.
2009
Articles from 2009
Texas Railroad Commission Tries to Block Renewable Transmission Lines
Expressing concern that proposed renewable energy transmission lines may “impede the development of oil and natural gas resources,” the Railroad Commission of Texas (RRC) this week filed motions to intervene in several Public Utility Commission of Texas (PUCT) proceedings.
December 3, 2009
Marcellus Shale Coalition Readies for New Challenges
The Marcellus Shale Coalition (MSC), formed by natural gas producers to advance energy development in Pennsylvania, this week launched plans to become an independent nonprofit.
December 2, 2009
Most Global Offshore Spending to Target North America
Spending for global offshore operations and maintenance over the next five years is forecast to be more than $330 billion, with most of the money targeting North America’s offshore, energy analysts with Douglas-Westwood said in a report issued last week.
November 30, 2009
IPAA Official Disputes Salazar’s Claim of Robust Leasing
Pointing to the slower pace of leasing for oil and natural gas in the first year of the Obama administration, an official with an independent producer association said Interior Secretary Ken Salazar’s tirade against oil and gas associations Tuesday was unjustified.
November 30, 2009
Florida Lawmakers to Study Offshore Drilling
The Florida Senate’s Environmental Preservation and Conservation Committee will take up a study of the effects of offshore drilling, according to Senate President Jeff Atwater (R-Palm Beach).
November 16, 2009
EnCana Hanging on to Deep Panuke — For Now
EnCana Corp., which is expected to emerge as a pure-play natural gas producer at the end of this month, is holding on to its Deep Panuke gas field offshore Nova Scotia, at least for the time being, CEO Randy Eresman said Thursday.
November 16, 2009
Supreme Court Asked to Modify Mobile-Sierra Doctrine
Appearing before the U.S. Supreme Court last Tuesday, Connecticut Attorney General (AG) Richard Blumenthal suggested that the court modify the more stringent Mobile-Sierra doctrine to make it more accommodating for noncontracting third parties to challenge contract rate cases. The court’s ruling could have far-reaching ramifications for the sanctity of electricity and natural gas contracts.
November 9, 2009
SEC Updates Accounting to Reflect New Reserve Reporting Rule
The Securities and Exchange Commission (SEC) has released updated accounting guidance to implement the agency’s new rulemaking on the reporting of oil and natural gas reserves.
November 9, 2009
Bank of Montreal Trader Fined $500,000 in CFTC Action
The Commodity Futures Trading Commission (CFTC) said Friday it has entered into a consent order settling charges brought against David P. Lee, a former trader for the Bank of Montreal (BMO), for mis-marking and mis-valuing of BMO’s natural gas options book and deception of the bank (see NGI, Nov. 24, 2008).
November 9, 2009
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