The issue of whether to reform or abrogate $16 billion in long term electricity contracts signed by California in the midst of the western wholesale market meltdown two years ago now rests with the Federal Energy Regulatory Commission’s three current commissioners, following oral arguments last Thursday. A key will be how broadly the regulators want to view the case.
Backs
Articles from Backs
Williams Energy Partners Posts 38% Boost in Quarterly Income
On the backs of its pipeline system and independent petroleum products terminals, Williams Energy Partners LP. announced first-quarter 2003 operating profit of $38.1 million compared with $28.8 million in 2002, representing a 32% increase. The company also noted that net income for the same period increased 38% from $21.1 million in 2002 to $29.1 million in 2003.
May 5, 2003
Williams Energy Partners Posts 38% Boost in 1Q2003 Net Income
On the backs of its pipeline system and independent petroleum products terminals, Williams Energy Partners LP. announced first-quarter 2003 operating profit of $38.1 million compared with $28.8 million in 2002, representing a 32% increase. The company also noted that net income for the same period increased 38% from $21.1 million in 2002 to $29.1 million in 2003.
April 29, 2003
FERC Vacates ANR Certificate After Generator Backs Out of Project
The Federal Energy Regulatory Commission on Thursday vacated a certificate that gave ANR Pipeline the green light to build a lateral extension to provide natural gas to a planned power generation plant in Wisconsin.
April 11, 2003
Wyoming Backs Pipeline Construction Up to $1 Billion
Tired of watching Wyoming natural gas underselling the overall market, the state has authorized up to $1 billion in borrowing authority to fund construction of natural gas pipelines to deliver Wyoming gas to market.
March 17, 2003
Wyoming Backs Pipeline Construction Up to $1 Billion
Tired of watching Wyoming natural gas underselling the overall market, the state has authorized up to $1 billion in borrowing authority to fund construction of natural gas pipelines to deliver Wyoming gas to market.
March 14, 2003
Iroquois Backs Out of Long Island Pipe Project
Iroquois Gas Transmission System LP has notified FERC that it is withdrawing its application to build its eastern Long Island (ELI) extension due to “lack of continued customer support for this project,” which would have provided approximately 175,000 Dth/d of new firm transportation service to the expanding natural gas market through a new line under Long Island Sound from Connecticut.
February 17, 2003
Iroquois Backs Out of Long Island Pipe Project
Iroquois Gas Transmission System LP has notified FERC that it is withdrawing its application to build its eastern Long Island (ELI) extension due to “lack of continued customer support for this project,” which would have provided approximately 175,000 Dth/d of new firm transportation service to the expanding natural gas market through a new line under Long Island Sound from Connecticut.
February 13, 2003
Industry Backs Combo of Price Sources; FERC’s Wood Says Indexes ‘Work Best’
A solid majority of close to 100 energy leaders meeting behind closed doors in Houston Monday endorsed the proposition that a competing mixture of financial, journalistic and academic institutions and FERC should collect energy price data, while Commission Chairman Pat Wood, acknowledged that current price indexes appear to function well.
February 4, 2003
FERC Backs PG&E Pipe’s Action against Credit Risky Marketer, to a Point
PG&E Transmission, Northwest Corp. (PG&E-GTN) was correct last fall when it determined that Denver, CO-based marketer, e prime Inc., was no longer creditworthy under the pipeline’s tariff guidelines, and threatened to suspend service to the company, according to FERC. However, the agency has deferred ruling on whether PG&E-GTN had the authority to demand from e prime a 12-month pre-payment of charges to continue as a shipper.
February 3, 2003
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