Backs

FERC last Wednesday conditionally approved a proposal filed by ISO New England (ISO-NE) and New England transmission companies late last year to form a regional transmission organization (RTO). Among other things, the Commission directed ISO-NE and the transmission owners to conduct additional work on plans to eliminate interregional electric seams with bordering regions.

Transwestern Pipeline finances its maintenance with the monies it receives from shippers whose shipments are curtailed due to planned maintenance activities along its 2,600-mile system, a Fort Worth, TX-based gas marketer charges.

Transwestern Pipeline finances its maintenance with the monies it receives from shippers whose shipments are curtailed due to planned maintenance activities along its 2,600-mile system, a Fort Worth, TX-based gas marketer charges.

On the backs of strong drilling results and operational efficiency, Canadian Natural Resources Ltd. posted record annual net earnings of C$1.4 billion, or C$10.48 per share, compared with C$0.6 billion, or C$4.46 per share in 2002.

On the backs of strong drilling results and operational efficiency, Canadian Natural Resources Ltd. posted record annual net earnings of C$1.4 billion, or C$10.48 per share, compared with C$0.6 billion, or C$4.46 per share in 2002.

Top Senate-House Republican negotiators decided to include the highly contentious issue of energy development in the Arctic National Wildlife Refuge (ANWR) as part of the latest “discussion draft” on broad energy legislation, which was issued Monday.

The Committee of Chief Risk Officers (CCRO) said it fully supports the concept of a “safe harbor” that would legally protect energy companies who make unintentional, “non-criminal errors” when reporting prices on natural gas and power trades to publishers of price indexes, noting it would pave the way for greater industry participation in the indexes.

In the waning hours of its spring session, the Illinois legislature last week agreed to impose a 5% sales tax on natural gas bought out-of-state as part of its budget and tax package aimed at curing the state government deficit. The measure will mainly impact manufacturers, but the legislators modified the governor’s proposal by including several exemptions.

In the waning hours of its spring session, the Illinois legislature earlier this week agreed to impose a 5% sales tax on natural gas bought out-of-state as part of its budget and tax package aimed at curing the state government deficit. The measure will mainly impact manufacturers, but the legislators modified the governor’s proposal by including several exemptions.