Attempt

Any attempt by Congress to re-regulate natural gas prices to putan end to the escalation in wholesale prices seen this year wouldbe a “mistake,” said FERC Chairman James Hoecker, even though hebelieves $4 gas is too high.

In an attempt to put a lid on price volatility this summer, FERClast week approved temporary bid caps of $1,000/MWh for the NewEngland and New York power generation markets, bringing the bidceilings for the entire Northeast and Mid-Atlantic regions intosync.

In an attempt to put a lid on price volatility this summer, FERCyesterday approved temporary bid caps of $1,000/MWh for the NewEngland and New York power generation markets, bringing the bidceilings for the entire Northeast and Mid-Atlantic regions intosync.

Despite concerns to the contrary, there will be enough supply ofnatural gas to meet the demands of customers during the next winterheating season, and the current stratospheric gas prices aren’tgoing to become a “permanent” fixture in the market, according tothe American Gas Association, which represents gas utilities, andthe Natural Gas Supply Association, which represents majorproducers.

In an attempt to bring more uniformity to its certificatepolicy, FERC has issued a final rule abandoning itsoptional-certificate (OC) regulations that offered speedierprocessing of pipeline applications for sponsors who were willingto assume all of the risks.

Despite concerns to the contrary, there will be enough supply ofnatural gas to meet the demands of customers during the next winterheating season, and the current stratospheric gas prices aren’tgoing to become a “permanent” fixture in the market, according tothe American Gas Association, which represents gas utilities, andthe Natural Gas Supply Association, which represents majorproducers.

In an attempt to bring more uniformity to its certificatepolicy, FERC last week issued a final rule abandoning itsoptional-certificate (OC) regulations that offered speedierprocessing of pipeline applications for sponsors who were willingto assume all of the risks.

In an attempt to alleviate stresses on the power grid in theMid-Atlantic region this summer, the PJM Interconnection L.L.C. hasinitiated a pilot program under which it will pay electriccustomers to reduce their electric loads during emergencysituations.

In an attempt to alleviate stresses on the power grid in theMid-Atlantic region this summer, the PJM Interconnection LLC hasinitiated a pilot program under which it will pay electriccustomers to reduce their consumption during emergency situations.