Acknowledging that federal regulators hold most of the trump cards related to lowering natural gas costs, the California legislature nevertheless has produced four bills aimed indirectly at cutting consumer costs by developing more underground storage (AB 78X), producing more in-state gas supplies (AB 73X), eliminating anti-competitive tariffs (AB 23X), and shortening new pipeline permitting processes (AB 42X).
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Bill Gives Boost to Nuclear as Energy Option
Rep. Lindsey Graham (R-SC) last Wednesday unveiled legislation seeking to promote nuclear power as a viable energy source by making it eligible to receive the same benefits as other zero emissions power generating facilities and spurring utilities to complete unfinished nuclear reactors, among other things.
Legislation Seeks to Boost Nuclear Power as Energy Option
Rep. Lindsey Graham (R-SC) Wednesday unveiled legislation seeking to promote nuclear power as a viable energy source by making it eligible to receive the same benefits as other zero emissions power generating facilities and spurring utilities to complete unfinished nuclear reactors, among other things.
Calpine Gets Boost in CA, Buys Rights for Plant in Washington
In separate actions last Wednesday, California’s governor and state officials gave a thumbs-up to two new power projects by San Jose, CA-based Calpine Corp. as the hyperactive merchant generator announced it assumed the development rights for another new plant in the state of Washington where construction will start almost immediately.
Calpine Gets Boost in CA, Buys Rights for Plant in Washington
In separate actions Wednesday, California’s governor and state officials gave a thumbs-up to two new power projects by San Jose, CA-based Calpine Corp. as the hyperactive merchant generator announced it assumed the development rights for another new plant in the state of Washington where construction will start almost immediately.
FERC: Cal-ISO Must Assure Payment to Third Parties
Power marketers and other suppliers to the California market got a major boost last week when FERC ordered the state’s independent system operator (Cal-ISO) to assure payment for all third-party energy sales made to the state transmission coordinator.
Burlington Reports 5% 1Q Boost in Production
Houston-based Burlington resources reported on Monday that its preliminary estimates for first quarter 2001 average daily natural gas production is up by 5% over fourth quarter 2000 levels to 2 Bcf/d. The company attributed the increase primarily to its Canadian operations.
Canadian Exports Rise for 13th Year
With an extra boost from the industry’s newest branch offshoreof Nova Scotia, Canadian natural gas exporters chalked up their13th consecutive annual record during the contract year that endedlast Oct. 31.
GOM Drilling Up 58.2% in 2000
The 20% boost to exploration and production budgets this yearshould result in record results for offshore drilling, especiallythe Gulf of Mexico, according to drilling contractor Global MarineInc.’s annual Summary of Current Offshore Rig Economics — SCORE.In November and December 2000, GOM drilling increased 3.5%, andsoared 58.2% from a year ago. Worldwide, drilling was up 49.7% from1999.
Canadian Exports Rise for 13th Year
With an extra boost from the industry’s newest branch offshoreof Nova Scotia, Canadian natural gas exporters chalked up their13th consecutive annual record during the contract year that endedlast Oct. 31.