Agree

The Energy Information Agency (EIA) and the California Energy Commission (CEC) both agree there is a bottleneck where the interstate and intrastate grids meet in California. However, the two agencies are miles apart on the size of that bottleneck.

The Energy Information Agency (EIA) and the California Energy Commission (CEC) both agree there is a bottleneck where the interstate and intrastate grids meet in California. However, the two agencies are miles apart on the size of that difference.

In a strategic deal that would create the world’s third-largest offshore driller, Pride International agreed to buy Marine Drilling Cos. for $1.92 billion in an all-stock deal last Thursday. The new company, to be called Pride International, has already received approval by both boards.

In a strategic deal that would create the world’s third-largest offshore driller, Pride International agreed to buy Marine Drilling Cos. for $1.92 billion in an all-stock deal Thursday. The new company, to be called Pride International, has already received approval by both boards.

Creating a stand-alone transmission company is easier said than done, and companies mulling such a move, should be prepared to face a slew of impediments and surprises along the way, according to several executives who appeared last week at the Energy Bar Association’s 55th annual meeting in Washington, D.C.

Independent Vintage Petroleum Inc., based in Tulsa, has entered into an agreement to acquire Canadian-based Genesis Exploration Ltd., offering C$18.25 per share in cash. The boards of both companies have unanimously agreed to the offer, which puts total consideration, including assumption of Genesis’ estimated debt, at C$898 million (US$572 million).

Independent Vintage Petroleum Inc., based in Tulsa, has enteredinto an agreement to acquire Canadian-based Genesis ExplorationLtd., offering C$18.25 per share in cash. The boards of bothcompanies have unanimously agreed to the offer, which puts totalconsideration, including assumption of Genesis’ estimated debt, atC$898 million (US$572 million).

Sen. Gordon Smith (R-OR) announced last week that he and Sen.Dianne Feinstein (D-CA) have reached “consensual agreement” onlegislation that would levy price caps or cost-based rates onwholesale power transactions in western markets for as long as twoyears. The measure also would seek to reimpose price caps onshort-term gas transportation to the California market, and wouldrequire gas sellers to declare separately the transportation andcommodity components associated with their bundled “gray market”transactions.

Sen. Gordon Smith (R-OR) announced yesterday that he and Sen.Dianne Feinstein (D-CA) have reached “consensual agreement” onlegislation that would levy price caps or cost-based rates onwholesale power transactions in western markets for as long as twoyears. The measure also would seek to reimpose price caps onshort-term gas transportation to the California market, and wouldrequire gas sellers to declare separately the transportation andcommodity components associated with their bundled “gray market”transactions.