New York State regulators Wednesday voted to adopt, with modifications, the terms of an amended joint proposal raising the rates of Corning Natural Gas Corp., but requiring the company to credit customers with $1.4 million for “excessive gas commodity costs” last winter when the utility had to receive emergency supplies of natural gas from other utilities because it was running out of gas and credit. The regulatory action came after a Pennsylvania distribution company, C&T Enterprises, earlier in the month agreed to buy Corning.
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CFTC Amends Large Trader Reporting Rules
The Commodity Futures Trading Commission has amended its large trader reporting rules, raising the number of open interest transactions for firms to qualify as large traders whose positions must be reported to the CFTC. The final rule, published in the Federal Register Dec. 21 (p. 76392), covers a laundry list of indexes and commodities, including natural gas.
CFTC Amends Large Trader Reporting Rules
The Commodity Futures Trading Commission has amended its large trader reporting rules, raising the number of open interest transactions for firms to qualify as large traders whose positions must be reported to the CFTC. The final rule, published in the Federal Register Dec. 21 (p. 76392) covers a laundry list of indexes and commodities, including natural gas.
Trunkline Gas Seeks Bigger Sized Pipe to Serve Lake Charles LNG Expansion
Trunkline Gas Co. LLC has filed an amended application seeking the go-ahead to increase the size of a FERC-approved pipe looping project that would serve affiliate Trunkline LNG’s proposed expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA.
Trunkline Gas Seeks Bigger Sized Pipe to Serve Lake Charles LNG Expansion
Trunkline Gas Co. LLC has filed an amended application seeking the go-ahead to increase the size of a FERC-approved pipe looping project that would serve affiliate Trunkline LNG’s proposed expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA.
Trunkline Gas Seeks Bigger Sized Pipe to Serve Lake Charles LNG Expansion
Trunkline Gas Co. LLC has filed an amended application seeking the go-ahead to increase the size of a FERC-approved pipe looping project that would serve affiliate Trunkline LNG’s proposed expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA.
NorthWestern to Emerge in November from Bankruptcy
A federal bankruptcy court judge last week confirmed a second amended reorganization plan for South Dakota-based NorthWestern Corp., and the energy holding company said Nov. 1 would be the likely date for emerging from Chapter 11 bankruptcy proceedings. Standard & Poor’s Ratings Services raised NorthWestern’s credit rating to “BB-” from “D,” effective with the reorganization plan’s start.
NorthWestern to Emerge Nov. 1 from Bankruptcy; S&P Raises Rating
A federal bankruptcy court judge Wednesday confirmed a second amended reorganization plan for South Dakota-based NorthWestern Corp., and the energy holding company said Nov. 1 would be the likely date for emerging from Chapter 11 bankruptcy proceedings. Standard & Poor’s Ratings Services Thursday raised NorthWestern’s credit rating to “BB-” from “D,” effective with the reorganization plan’s start.
FERC OKs Phase II Expansion of Trunkline LNG’s Lake Charles Terminal, Pipe Project
FERC last Wednesday issued an amended Section 3 authorization to Trunkline LNG to carry out the Phase II expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA, which will bolster the peak sendout capacity of the facility to 2.1 Bcf/d.
FERC OKs Phase II Expansion of Trunkline LNG’s Lake Charles Terminal, Pipe Project
FERC on Wednesday issued an amended Section 3 authorization to Trunkline LNG to carry out the Phase II expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA, which will bolster the peak sendout capacity of the facility to 2.1 Bcf/d by 2006.