Natural gas transmission companies have been keeping FERC busy with project paperwork, as the industry segment tries to adjust to a marketplace being altered by shale gas.
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Wyoming Governor Signs Assorted Energy Bills
Wyoming Gov. Matt Mead has been busy in the past few weeks signing a long list of bills into law, including a half-dozen energy measures dealing with a state energy improvement program, microbes use in natural gas drilling, natural gas vehicles (NGV), wind project property owners’ rights, and even a nuclear energy production study.
New York PSC Approves Two Gas Transportation Proposals
The influx of natural gas in the Northeast brought on by ramped-up Marcellus Shale development is keeping the New York State Public Service Commission (PSC) busy, as evidenced by two new authorizations for gas transportation projects.
New York PSC Approves Two Gas Transportation Proposals
The influx of natural gas in the Northeast brought on by ramped-up Marcellus Shale development is keeping the New York State Public Service Commission (PSC) busy, as evidenced by two new authorizations for gas transportation projects.
Many Energy Execs Report ‘Less Severe Impact’ in Downturn
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies “are busy preparing for the upturn,” according to a survey published earlier this month by Ernst & Young.
Many Energy Execs Report ‘Less Severe Impact’ in Downturn
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies “are busy preparing for the upturn,” according to a survey published Monday by Ernst & Young.
Industry Brief
In a busy meeting Thursday the Pennsylvania Public Utility Commission (PUC) voted to investigate a proposed annual rate increase by Equitable Gas Co. and also unanimously approved the gas cost rate (GCR) increase requests from Valley Energy Inc. and Pike County Light & Power. The commission voted unanimously to investigate Equitable Gas Co.’s $51.9 million (10%) hike that would increase the monthly bill for an average residential natural gas customer using 7.5 Mcf per month from $142.63 a month to $157.14 a month. The PUC said it will assign the case to the office of administrative law judge for a recommended decision. The commission has until March 30, 2009, to make its final decision at a public meeting in Harrisburg. Equitable Gas provides service to approximately 258,000 residential, commercial and industrial customers in Pittsburgh and in portions of Allegheny, Armstrong, Butler, Clarion, Fayette, Green, Indiana, Jefferson, Washington and Westmoreland counties. According to the company, the reason for the increase is to cover rising operating and maintenance expenses, as well as to recover costs of investments in the utility’s plant and investments to improve the quality of service for its customers. On the approved GCR increase requests, the commission approved a 42.1% increase in Valley Energy’s GCR from $7.8865/Mcf to $11.2083/Mcf and a 2.8% increase for Pike County Light & Power from $10.1715 to $10.4550/Mcf. The companies’ new GCRs go into effect Sept. 1.
Global Warming, Fewer Storms? That’s What NOAA Scientists Found
Global warming won’t lead to an increase in Atlantic Basin hurricanes, and, in fact, it may lead to fewer tropical storms and hurricanes, scientists with the National Oceanic and Atmospheric Administration (NOAA) have determined.
Traders Sense Loss of Momentum; May Slips 12.6 Cents
May natural gas futures eased in busy trading Tuesday as traders sensed an overextended market and an end to upward price momentum. Traders were looking for a close above $10.650 as an indicator that the upward trend in prices was still intact. May futures, however, fell 12.6 cents to $10.607, and June lost 11.1 cents to $10.763.
Lawmaker Says California Still Digesting New Laws
California’s state legislature this year is unlikely to produce any significant energy legislation because the state is still busy digesting major new laws passed since the 2000-2001 wholesale energy market crisis, according to the chairman of the lower house Assembly’s Utilities and Commerce Committee, Lloyd Levine.