Pointing to the increased participation of traditional financial institutions in the energy trading markets, the International Monetary Fund (IMF) said it plans to heighten its efforts to monitor energy trading and broader energy developments.
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More Security for Distrigas LNG Plant Urged Amid Reports of Possible Summer Attacks
Rep. Edward Markey (D-MA) has called on the Bush administration to beef up security at Distrigas of Massachusetts’ liquefied natural gas (LNG) terminal in Everett, MA, in the wake of reports that Al Qaeda terrorists may attack high-profile targets in the United States this summer.
Arizona Regulators Review Options on Gas Storage, Pipelines
Arizona regulators are expected to finish their current review and decide whether to beef up the state’s natural gas infrastructure, including first-ever storage, by some time in September, a Phoenix-based spokesperson for the Arizona Corporation Commission (ACC) said Monday.
AGL Rolls Out New Acquisition/Development Subsidiary
Looking to beef up efforts to acquire or develop assets as part of the company’s strategic growth plan, AGL Resources Inc. has created a new business development unit, Pivotal Energy Development. The new business entity will report to Kevin P. Madden, executive vice president of distribution and pipeline operations for AGL.
Arizona Regulators Review Options on Gas Storage, Pipelines
Arizona regulators are expected to finish their current review and decide whether to beef up the state’s natural gas infrastructure, including first-ever storage, by some time in September, a Phoenix-based spokesperson for the Arizona Corporation Commission (ACC) said Monday.
Texas PUC Wants Bigger Stick to Deter Market Manipulation
The Texas Public Utilities Commission (PUC) is asking state lawmakers to allow it to beef up the financial penalties it can impose for violations of state law or its own rules as they relates to errant behavior in the state’s power markets. The current $5,000 penalty may not be enough of a deterrent to prevent power companies from trying to exercise market power or game those markets, the PUC said.
CAISO Moves to Beef Up Authority, Set Penalties
As an extension of its hotly debated proposed new market design, the California Independent System Operator (CAISO) last week circulated a working document on beefing up its authority next year. The ISO’s “conceptual proposal” will require input from stakeholders and will eventually include published market-sensitive information on a delayed basis. The CAISO will examine the proposal Sept. 19. Eventually some of the plan would have to be approved by the Federal Energy Regulatory Commission, according to a CAISO spokesperson.
CA, FERC to Beef Up Monitoring of Market Abuses
Both federal and California regulatory authorities plan to assume a stronger market monitoring role in the near future, officials said at the GasMart/Power 2002 conference last Wednesday in Reno.
OPS Steps Up Inspection of Gas Pipes, Duke Exec Says
Although a proposed rulemaking process to beef up safety inspections of natural gas pipelines isn’t expected to get under way until early 2001, a Duke Energy executive says the Department of Transportation’s Office of Pipeline Safety (OPS) already has taken it upon itself to step up its oversight of interstate gas lines.
OPS Steps Up Inspection of Gas Pipes
Although the proposed rulemaking process to beef up safetyinspections of natural gas pipelines isn’t expected to get underwayuntil early 2001, a Duke Energy executive says the Department ofTransportation’s Office of Pipeline Safety (OPS) already has begunto step up its oversight of interstate gas lines.