Already

U.S. states have already received more minerals revenues fortheir share of production on federal lands within their borders andfor offshore oil and gas tracts adjacent to their shores than forall of 1999, according to the Department of the Interior’s MineralsManagement Service. MMS distributed more than $575 million to 34states last week.

Congress already has two measures pending that would help tomoderate the effects of the high natural gas bills expected thiswinter for consumers – the Clinton administration’s package ofenergy efficiency measures and short-term tax incentives forproducers, Energy Secretary Bill Richardson said last week.

Congress already has two measures pending that would help tomoderate the high natural gas bills expected this winter — theClinton administration’s package of energy efficiency measures andshort-term tax incentives for producers, Energy Secretary BillRichardson said yesterday.

With proposed solutions already given to both state policymakers and utilities alike, the independent electric generators met Monday in an attempt to hammer out common strategies for repairing California’s tattered electricity restructuring efforts, including a wholesale spot power market that is continuing to produce historically high prices.

After months of speculation in the industry, Alliance Pipelineconfirmed last week full commercial service will be delayed nearlya month until Oct. 30. When construction of the system wasscheduled nearly three years ago, Oct. 2 was the target date forcommercial service.

Atmos Energy announced plans to buy the remaining 55% share ofWoodward Marketing that it does not already own. It plans to pay$33 million in stock for the Houston-based marketer.

Given that the New York Independent System Operator (NYISO) isalready working to remedy market flaws in its system, FERC hasrejected the relief sought by Niagara Mohawk Energy Marketing Inc.(NIMO Marketing) in connection with the NYISO’s software-relatedfailure to export power to the Pennsylvania-New Jersey-Maryland(PJM) system in early May.

Kansas City, MO’s Utilicorp United Inc. is shopping around, andhas already begun to narrow its options on which “high quality,low-cost fleet of generators” to pair with its wholesale merchantmoneymaker Aquila Energy, management announced yesterday. Apartnership deal is expected to be unveiled within a few months.

Given that the New York Independent System Operator (NYISO) isalready working to remedy market flaws in its system, FERC rejectedthe relief sought by Niagara Mohawk Energy Marketing Inc. (NIMOMarketing) in connection with the NYISO’s software-related failureto export power to the Pennsylvania-New Jersey-Maryland (PJM)system in early May.