Ending six weeks of arduous and sometimes rancorous debate, the Democrat-led Senate last Thursday passed sweeping energy legislation, the Energy Policy Act of 2002, that dangles “carrots” in front of pipeline companies to build an Alaskan natural gas transportation system, gives small producers multi-billion dollar tax breaks to spur domestic oil and gas production, increases renewable fuel use and production, and offers reforms to further enhance competition in the electricity markets.
Arduous
Articles from Arduous
Despite a Hard 4Q98, Duke Posts Big Gains
Spurred on by strong operations that fought through an arduousfourth quarter, Duke Energy posted a 36% increase in annualearnings to $3.41 per share in 1998 from $2.51 per share in 1997,the company announced Wednesday. Duke’s revenues increased to $17.6billion compared to $16.3 billion in 1997. Earnings before interestand taxes (EBIT) rose $540 million from the previous year, reaching$2.65 billion.
January 21, 1999
Observers See Long, Arduous Transition to Capacity Auction
A daily auction process to allocate pipeline transportationcapacity in the secondary market is the “linchpin” to removingprice caps for short-term transportation, FERC Commissioner LindaBreathitt said yesterday at the seventh annual DOE-NARUC NaturalGas Conference in Pittsburgh, PA. “Without market power mitigation,I am unwilling to release the price cap.”
October 7, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
