Still holding on to the collateral of its 70-odd participants inthe form of letters of credit and bonds worth hundreds of millionsof dollars, California’s state-chartered nonprofit wholesale spotmarket for electricity, Cal-PX, chose a Chapter 11 bankruptcyfiling last week because of the preponderance of litigation andfederal regulatory actions pending, its CEO George Sladoje saidMonday.
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Challenges to El Paso Contracts Dismissed
A federal appeals court in Washington, DC last Friday dismissedclaims by California regulators and other petitioners that FERC”abused its discretion and acted arbitrarily” when it approved thecontroversial contract arrangement that awarded Dynegy Marketingand Trade more than 1 Bcf of turned-back capacity on El PasoNatural Gas.
January 17, 2001
Shell Challenges FERC Jurisdiction over OCS Production
In the never-ending battle over the extent of FERC jurisdictionin the Outer Continental Shelf (OCS), three Shell productioncompanies this week petitioned the Commission for an orderdeclaring they are exempt from the reporting requirements underOrder 639 and 639-A.
October 19, 2000
Alliance, Vector Pose Unforeseen Challenges
The impact of the 1.325 Bcf/d Alliance Pipeline and the 1 Bcf/dVector Pipeline on Chicago basis prices will be a lot lesssignificant than some may be expecting, according to several marketobservers speaking at the LDC Forum in Chicago last week.
September 18, 2000
Alliance, Vector Pose Unforeseen Challenges
The impact of the 1.325 Bcf/d Alliance Pipeline and the 1 Bcf/dVector Pipeline on Chicago basis prices will be a lot lesssignificant than some may be expecting, according to several marketobservers speaking at the LDC Forum in Chicago yesterday.
September 12, 2000
Pepco Challenges MD Marketer Ruling
Washington D.C.-based Potomac Electric Power Company (Pepco) isseeking a stay in a lower court in Maryland of a July 1 orderissued by state regulators, which restricts the businessrelationship between in-state electric and gas utilities and theirnon-regulated subsidiaries.
July 25, 2000
Southern Union Challenges Oneok
Southern Union Co. has challenged Oneok Inc. to a joint meetingwith law enforcement agencies to review allegations of wrongdoingagainst both companies related to their competing bids to acquireSouthwest Gas Co. last year. Southern Union said Oneok has notresponded to its offer.
April 3, 2000
ANR-Guardian Bickering Continues
Where is the love? Coastal’s ANR Pipeline and backers of theGuardian Pipeline, which challenges ANR’s Wisconsin, were at itagain last week, sniping at each other via press release.
February 21, 2000
Andersen, CERA Predicting Strong Gas Growth
Growth lies ahead for the North American gas industry as do anumber of risks and challenges, according to the just released”North American Natural Gas Trends 2000,” a joint report of ArthurAndersen and Cambridge Energy Research Associates (CERA).
January 24, 2000
Andersen, CERA Predicting Strong Gas Growth
Growth lies ahead for the North American gas industry as do anumber of risks and challenges, according to the just released”North American Natural Gas Trends 2000,” a joint report of ArthurAndersen and Cambridge Energy Research Associates (CERA).
January 21, 2000
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