Aspect

Virginia Gov. Bob McDonnell will host a three-day energy conference in Richmond next month that he said will cover every aspect of doing energy business in the state, which he has promoted as becoming “the energy capital of the East coast.”

KeySpan Corp., focusing on its regulated activities in the East, currently is working on the tax aspect of a plan to divest its remaining 56% interest in Houston Exploration Co., an independent E&P company operating in the U.S. with 94% of its reserves in natural gas.

KeySpan Corp., focusing on its regulated activities in the East, currently is working on the tax aspect of a plan to divest its remaining 56% interest in Houston Exploration Co., an independent E&P company operating in the U.S. with 94% of its reserves in natural gas.

U.S. Energy Secretary Spencer Abraham said that meaningful reductions in greenhouse gas emissions will be impossible without revolutionary new energy technologies being developed by U.S.-led research.

On reflection, the most surprising aspect of the past two monthsof California’s roller coaster electricity prices is that thepeople who pieced together the state’s power deregulation plans —state legislators and regulators — are voicing the loudestconcern about the first real dose of free-market price volatilityfelt by retail mass consumers, who, it might be added, are alsovoters. In a free market, heavy demand butting heads withconstrained supplies will result in the blood of high pricessplattering everyone.

Information technology is transforming just about every aspectof the energy industry, even the Federal Energy RegulatoryCommission, speakers at an INGAA Foundation conference in Houstonnoted Thursday. Oliver G. “Rick” Richard, CEO of Columbia EnergyGroup, said soon “time margin” will become nearly as critical ayardstick as profit margin for measuring company performance.