Annual

With major projects around the world scheduled to ramp up in the next few years, including two in the deepwater Gulf of Mexico, ChevronTexaco Corp. projected Tuesday that its oil and natural gas production will grow at a compounded average rate of 3% a year over the next five years to reach 3 MMboe/d by 2009.

Pacific Gas & Electric did not extend a high-inventory OFO beyond Wednesday.

“The concept of an energy day is at hand,” FERC Chairman Pat Wood told the annual meeting of the North American Energy Standards Board (NAESB) last Tuesday, charging the group with developing a standardized “day” to enable the natural gas and electric systems to work well together.

“The concept of an energy day is at hand,” FERC Chairman Pat Wood told the annual meeting of the North American Energy Standards Board (NAESB) Tuesday, charging the group with developing a standardized “day” to enable the natural gas and electric systems to work well together.

Citing a “constructive dialogue” it is seeking in its sometimes contentious relations with Montana regulators, South Dakota-based NorthWestern Energy Thursday submitted a third-party audit of its electric and natural gas utility operations in the state, recommending improvements in some areas. The company, which just settled a pending investigation by the Montana Consumer Counsel, said it hoped the audit improves its ongoing relations with state officials.

Oregon regulators will hold a half-day forum on natural gas Thursday, preparing for the third annual fall retail rate adjustment for three private-sector gas utilities operating in the state. The Public Utilities Commission’s (PUC) three members reportedly want to hear from a “wide range of experts” on gas supply/price prospects for both this summer and winter.

Pacific Gas & Electric did not extend a high-inventory OFO beyond Saturday.

El Paso Corp. will have until mid August to file its 2003 annual report, and it received additional waivers on a $3 billion revolving credit facility, which was due to expire on Tuesday, the company announced.

The Missouri Public Service Commission approved a $3.4 million raise in annual revenues for a portion of Aquila Networks’ gas utility operations. Aquila originally had sought to increase revenues by $6.4 million but agreed in a settlement with PSC staff, the Office of the Public Counsel and other stakeholders, to reduce its request by $3 million.