Beleaguered

Forecast costs of Canada’s arctic natural gas pipeline project have jumped 116% and the beleaguered scheme’s sponsors have pushed the target date for starting deliveries back at least three years.

A separate arena has been created for a duel over constitutional aspects of Canada’s northern pipeline plan, sparing the beleaguered Mackenzie Gas Project (MGP) a potentially lengthy further regulatory delay.

A separate arena has been created for a duel over constitutional aspects of Canada’s northern pipeline plan, sparing the beleaguered Mackenzie Gas Project (MGP) a potentially lengthy further regulatory delay.

Canada’s beleaguered Arctic natural gas development plan has ignited a classic constitutional law debate on federal versus provincial jurisdiction over pipelines — and pleas by project sponsors and supporters to create a special, separate dueling arena for the lawyers.

Beleaguered CMS Energy Corp. said Friday it will report a major loss for 2002 due to additional write-downs and has suspended payment of dividends indefinitely to bolster its liquidity position. The company’ stock was drained of more than 28% of its value following the announcement, settling at $6.11 a share late in the day.

Beleaguered CMS Energy Corp. said Friday it will report a major loss for 2002 due to additional write-downs and has suspended payment of dividends indefinitely to bolster its liquidity position.

Beleaguered CMS Energy said Monday it will not be able to certify the truthfulness of its 2000, 2001 and its semi-annual 2002 financial statements to the Securities and Exchange Commission (SEC) this week, as many publicly held companies will be doing, until it completes its internal investigation into bogus round-trip trading activity. The company had already informed the SEC it was conducting the investigation.

The implementation of price-cap proposals intended to aid California’s beleaguered wholesale electricity markets could lead to a significant rise in the number of power outages in the state this summer by reducing available generating supplies, according to a new report issued by the Department of Energy’s (DOE) Office of Policy. It warned that a $150/MWh “hard cap,” which some Capitol Hill lawmakers had endorsed, could idle as much as 3,600 MW of natural gas-fired capacity in California, depending on the price of natural gas this summer.

The implementation of price-cap proposals intended to aid California’s beleaguered wholesale electricity markets could lead to a significant rise in the number of power outages in the state this summer by reducing available generating supplies, according to a new report issued by the Department of Energy’s (DOE) Office of Policy. It warned that a $150/MWh “hard cap,” which some Capitol Hill lawmakers had endorsed, could idle as much as 3,600 MW of natural gas-fired capacity in California, depending on the price of natural gas this summer.