Annually

ExxonMobil Corp. was bumped to second place by China’s PetroChina Co. Ltd., according to the 2009 ranking by industry consultant PFC Energy, which annually compiles a ranking of the world’s top energy companies.

ExxonMobil Corp. was bumped to second place by China’s PetroChina Co. Ltd., according to the 2009 ranking by industry consultant PFC Energy, which annually compiles a ranking of the world’s top energy companies.

ExxonMobil Corp. was bumped to second place by China’s PetroChina Co. Ltd., according to the 2009 ranking by industry consultant PFC Energy, which annually compiles a ranking of the world’s top energy companies.

ExxonMobil Corp. is taking the “long-term view through the cycle” and won’t back down from plans to spend between $25 billion and $30 billion annually over the next five years, CEO Rex Tillerson said Thursday. High on the priority list is North American unconventional natural gas, and by the end of this month the company expects to ramp up phase one of its Piceance Basin project in Colorado.

ExxonMobil Corp. is taking the “long-term view through the cycle” and won’t back down from plans to spend between $25 billion and $30 billion annually over the next five years, CEO Rex Tillerson said Thursday. High on the priority list is North American unconventional natural gas, and by the end of this month the company expects to ramp up phase one of its Piceance Basin project in Colorado, he said.

Up to 60,000 new jobs annually and $55-85 billion in economic activity could be lost if new high-voltage electric transmission lines are not built, according to a report released last Wednesday by the Idaho National Laboratory (INL). The report was sponsored by the Pacific Northwest Economic Region’s (PNWER) Energy Horizon Project, funded by a U.S. Department of Energy grant. INL recommendations include a call for a study of the region’s natural gas transmission pipeline capacity.

Up to 60,000 new jobs annually and $55-85 billion in economic activity could be lost if new high-voltage electric transmission lines are not built, according to a report released Wednesday by the Idaho National Laboratory (INL). The report was sponsored by the Pacific Northwest Economic Region’s (PNWER) Energy Horizon Project, funded by a U.S. Department of Energy grant. INL recommendations include a call for a study of the region’s natural gas transmission pipeline capacity.

Nicor Gas is pursuing a rate hike at the Illinois Commerce Commission (ICC) that would raise about $140 million annually from business and residential customers. The company also is proposing a decoupling mechanism to preserve revenue in the face of declining gas consumption.

Chuck Eaton has begun a one-year term as chairman of the Georgia Public Service Commission. The chairmanship is rotated annually among the five commissioners. Eaton is in the second year of his first six-year term on the commission. He was elected in December 2006. Commissioner Doug Everett will serve as vice chairman. Commissioner Robert B. Baker Jr. will chair the energy committee.