Answer

LNG Competition to Canada’s Northern Pipeline Continues Growing

Canada’s northern pipeline sponsors did not answer the big question raised by the project’s recent mammoth cost increase, but they earlier disclosed where to look for clues. Can the Mackenzie Gas Project (MGP) be built for its new price tag of C$16.2 billion (US$13.7 billion)?

March 23, 2007

Lay to Take Witness Stand in Enron Trial

Kenneth Lay, the founder and former chairman of Enron Corp., takes the spotlight in a Houston courtroom on Monday to answer charges that he conspired to commit securities and wire fraud in the three months before Enron declared bankruptcy in December 2001. Lay’s testimony comes just a few days after former CEO Jeffrey Skilling took his turn in the witness chair, maintaining his innocence on 28 criminal counts.

April 24, 2006

Senate Leader Wants Energy Execs to Justify High Prices; Windfall Profits Tax Proposals Eyed

Senate Majority Leader Bill Frist (R-TN) wants the nation’s leading energy executives to appear at a joint Senate hearing to answer questions about why energy prices have gotten so far out of hand. As energy companies turned in record profits last week, Republicans and Democrats alike began dusting off proposals to impose taxes on the windfall profits.

October 31, 2005

FERC’s Wood Sees LNG as Answer to New England Supply Problems

FERC Chairman Patrick Wood said last Monday that at least two of the dozen of liquefied natural gas (LNG) terminals proposed for New England and eastern Canada need to be built by the end of this decade to provide the region with sufficient supplies of gas for winter heating and power generation, according to published reports.

September 20, 2004

FERC’s Wood Sees LNG as Answer to New England Supply Problems

FERC Chairman Patrick Wood said Monday that at least two of the dozen of liquefied natural gas (LNG) terminals proposed for New England and eastern Canada need to be built by end of this decade to provide the region with sufficient supplies of gas for winter heating and power generation, according to published reports.

September 15, 2004

Prices Surge as Major Storms Invade Much of North

It was a given that weekend prices would rise; the question was by how much. The answer: generally about 40 to 60 cents across the country, with no area left out. The Northeast led the overall advance with upticks reaching nearly a dollar.

December 8, 2003

SMD, Less Reliance on Hydro Could be Answer to Western Power Markets

Given its widespread dependence on hydroelectric power, directly and indirectly, the western United States may need a combination of active hedging, demand-response and some version of the federally sponsored standard market design (SMD), according to a report, “The Western Energy Market: Inherent Risk and Market Solutions,” sponsored by a merchant energy association.

March 24, 2003

SMD, Less Reliance on Hydro Could be Answer to Western Power Markets

Given its widespread dependence on hydroelectric power, directly and indirectly, the western United States may need a combination of active hedging, demand-response and some version of the federally sponsored standard market design (SMD), according to a report, “The Western Energy Market: Inherent Risk and Market Solutions,” sponsored by a merchant energy association.

March 20, 2003

ICE Countersues Nymex for Abuse of Monopoly Power

IntercontinentalExchange (ICE), the energy industry’s largest over-the-counter (OTC) trading platform operator, filed an answer and a counterclaim Monday to the New York Mercantile Exchange’s (Nymex) lawsuit in November. ICE is charging Nymex with abuse of monopoly power for claiming copyright protection over its settlement prices and for its recent efforts to launch an OTC trading platform similar to the one ICE currently operates.

January 7, 2003

$3 Gas in April? What Gives?

Could astrology have the answer for why gas prices rose to $3 last week? Explanations are getting pretty hard to come by particularly when a near record warm winter is coming to a close and working gas levels in storage are expected to end the heating season more than double what they were at the same time last year.

March 18, 2002