While efforts to deregulate the electric industry at both thestate and federal level drag on, at least one internationalobserver found U.S. gas deregulation worthy of praise. RobertPriddle, executive director of the International Energy Agency(IEA) in Paris, told reporters at the 17th Congress of the WorldEnergy Council that the United States leads the world in gascompetition. Priddle said he is heartened by the Federal EnergyRegulatory Commission’s (FERC) decision to review pipeline rateregulation. Priddle gave his talk to highlight findings of theIEA’s report card on U.S. energy policy. The findings stem from a1998 review and are published by the agency in a 152-page book.
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Tetco Settlement Gets Nod at FERC
FERC has given the go-ahead to a major settlement that attemptsto resolve the looming decontracting problem on Texas EasternTransmission’s (Tetco) system while offering a significant ratereduction to its customers.
September 3, 1998
Futures Lower in Pre-AGA Trade
The futures market opened stronger Wednesday, and looked poisedto remain range-bound ahead of the weekly American Gas Association(AGA) storage report. But a crowd of sellers came out in theafternoon, sending the September contract down 6.8 cents to $1.917.Estimated volume was 83,479.
August 20, 1998
Destin Gets Go-Ahead for Gemini
FERC disregarded the objections of Viosca Knoll Gathering andwaived guaranteed future revenue regulations to let a DestinPipeline expansion go forward last week. Destin plans to construct31 miles of pipeline from a platform at Viosca Knoll Block 900 to atie-in with a Destin lateral in Main Pass Block 279.
August 3, 1998
Destin Pipeline’s Lateral Projects Win FERC Approval
FERC last week gave the go-ahead for Destin Pipeline Co. L.L.C.to build lateral pipeline facilities that would connect offshoreproduction with its new 1 Bcf/d mainline system for eventualdelivery into downstream markets.
June 30, 1998
Puget Sound Gets Go-Ahead for Performance-Based Rates
Puget Sound Energy received approval from the WashingtonUtilities and Transportation Commission (WUTC) to begin a newperformance-based mechanism for strengthening its gas-supplypurchases and gas-storage practices.
June 29, 1998
FERC Gives Nod to New York ISO
FERC last week gave New York utilities a conditional go-ahead tocreate the New York Independent System Operator (NYISO), making itthe fourth ISO that the Commission has approved so far.
June 26, 1998
California Storage Project Moving Ahead
California regulators have taken steps to smooth the way for thestate’s first merchant underground natural gas storage field, thefirst wells for which are being drilled beginning this week about50 miles north of Sacramento in a depleted dry gas field in ruralnorthern California.
June 23, 1998
CPUC Allows PG&E Plant Sale to Proceed
Pacific Gas and Electric Co. is moving ahead with the sale offive additional power plants, following the California PublicUtilities Commission’s decision this week to lift a temporary haltto the plant auction in response to an appeal by local governmentofficials and a citizens’ action group in San Francisco where twoof the plants are located. PG&E is now authorized to reviewpreliminary bids (“nonbinding expressions of interest”) frompotential buyers.
June 18, 1998
Granite State LNG Project Gets FERC Nod
After two years of hearings and oral arguments, FERC yesterdayfinally gave Granite State Gas Transmission the go-ahead to buildits controversial liquefied natural gas (LNG) project in the townof Wells, ME.
May 28, 1998
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