While upholding the use of the Mobile-Sierra doctrine of contract sanctity, the Supreme Court Thursday said the Federal Energy Regulatory Commission did not do an adequate job of evaluating harm to consumers, nor in reviewing the possible role of alleged unlawful market manipulation, in its decision to uphold long-term contracts signed by utilities with power suppliers in the midst of the implosion of the California power market in 2000 and 2001. While discarding major premises advanced by the Ninth Circuit Court of Appeals, which had rejected FERC’s decision, the high court described its own reasons for remanding the case to the Commission and the Ninth Circuit for further review.
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Articles from Adequate
FERC: Gas Trends to Drive Electric Prices Higher This Summer
The reliability of the bulk power system for this summer should be adequate, though wholesale electric prices — influenced more by natural gas than anything else — are likely to continue to rise, according to Charles Whitmore of FERC’s Office of Enforcement.
FERC: Gas Trends to Drive Electric Prices Higher This Summer
The reliability of the bulk power system this summer should be adequate, though wholesale electric prices — influenced more by natural gas than anything else — are likely to continue to rise, according to Charles Whitmore of FERC’s Office of Enforcement.
NEB Sees More-than-Adequate Gas for Winter Season
No matter the temperature, there will be no fuel worries this winter in Canada — high storage levels of natural gas will be more than adequate to meet heating demand, according to the National Energy Board (NEB) winter outlook.
NEB Sees More-than-Adequate Gas for Winter Season
No matter the temperature, there will be no fuel worries this winter in Canada — high storage levels of natural gas will be more than adequate to meet heating demand, according to the National Energy Board (NEB) winter outlook.
NW Public Power at Crossroads, Puget Energy Exec Says
Public-sector power in the Pacific Northwest has used up all of its surplus federal hydroelectric supplies and now is scrambling with its private-sector counterparts to line up adequate supply portfolios for the future, Bellevue, WA-based Puget Energy CFO Erick Markell told a session Wednesday at the Lehman Brothers Energy/Power Conference in New York City. Meanwhile Puget’s utility, Puget Sound Energy (PSE), faces the need to replace or extend expiring purchased power agreements with various public utility districts (PUD).
Backlog of E&P MLPs Expected to Launch in ’07
Unable to effectively hedge commodity prices or secure adequate equity for capital expenditures, few exploration and production (E&P) companies in the early 1980s found success with the then-emerging master limited partnership (MLP) sector. Today, however, a significant pool of E&P assets appears to be trending toward the sector, a group of energy experts said last week.
Backlog of E&P MLPs Expected to Launch in ’07
Unable to effectively hedge commodity prices or secure adequate equity for capital expenditures, few exploration and production (E&P) companies in the early 1980s found success with the then-emerging master limited partnership (MLP) sector. Today, however, E&Ps are rediscovering the MLP market in a big way, and a significant pool of assets appears to be trending toward the sector, a group of energy experts said Thursday.
Enterprise, Duncan Energy Team on TX Storage Project Open Season
Testing the waters to see if there is adequate market support for the conversion of a gas liquids storage cavern to natural gas storage operations in Mont Belvieu, TX, Houston-based Enterprise Products Partners LP and Duncan Energy Partners LP, through their Mont Belvieu Caverns LLC (MBC) affiliate, announced the start of a binding open season for up to 10 Bcf of firm natural gas storage capacity.
Enterprise, Duncan Energy Team on TX Storage Project Open Season
Testing the waters to see if there is adequate market support for the conversion of a gas liquids storage cavern to natural gas storage operations in Mont Belvieu, TX, Houston-based Enterprise Products Partners LP and Duncan Energy Partners LP, through their Mont Belvieu Caverns LLC (MBC) affiliate, announced the start of a binding open season for up to 10 Bcf of firm natural gas storage capacity.