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Coal

Draft EIS Issued for Montana CBM Production Rules

Coal bed methane (CBM) development could speed up in Montana after state and federal officials issued a draft environmental impact statement (EIS) concerning development in the southern part of the state. The Department of Interior’s Bureau of Land Management (BLM) recommended alternatives that would require operators to submit a development plan and water-use plan for CBM production. The proposal also would require wastewater to be recycled for irrigation or livestock watering.

March 1, 2002

Gas Analysts: Storage Could Fall to Critically Low Levels

If you got a lump of coal in your stocking this Christmas,rejoice. It could be the only thing left to heat your home by theend of winter. There is a growing consensus among gas marketexperts that there will be a shortage by March if the weather staysnormal or colder than normal.

December 25, 2000

Edison Picks Up Citizens Power Unit

Peabody Group, the world’s largest coal company, on Friday soldits Citizens Power unit to a subsidiary of Edison International, aswell as selling its third-party power contracts. Peabody, owned byLehman Merchant Banking Partners, is expected to net about $100million from the two transactions, using the money to pay downdebt.

September 5, 2000

Gas Draws Largest Numbers on EnronOnline

Out of the multiple commodities now trading on EnronOnlineworldwide, including gas, power, oil, coal, pulp and paper, cleanair credits, bandwidth, weather and credit derivatives,petrochemicals and plastics, North American natural gas still topsthe list of most actively traded. The rapidly growing e-commercesite, which Enron claims is the world’s largest with more than $50billion in transactions so far this year, now consumes much morethan 50% of Enron’s wholesale commodity transactions, includingmore than 10 Bcf/d of in the first quarter.

June 2, 2000

ANR Chips Away at Competing Guardian Project

ANR Pipeline slipped more than a few lumps of coal in GuardianPipeline’s stocking over the holidays’ in the form of a 250-pageprotest and motion for dismissal filed with FERC. The Coastalsubsidiary has a right to be angry at its new competitor. TheGuardian project will result in the decontracting of about 650MDth/d of ANR’s firm transportation capacity by Guardian shipperand affiliate Wisconsin Gas and the loss of $54 million in annualrevenue, according to ANR’s calculations.

January 10, 2000

Ford Powerplant Blast Pressures Construction of CMS Project

Construction of a new 710 MW gas-fired cogeneration plant toreplace a 75-year old coal-fired powerhouse supplying Ford MotorCompany’s massive Rouge complex and Rouge Steel Co. in Dearborn,MI, is going into overdrive following a boiler explosion lastTuesday that killed one person, critically injured a dozen othersand destroyed the power plant.

February 8, 1999

Southern Buying O&R, ConEd Generation in NY

Southern Energy Inc., a unit of Southern Co., will buy 1,776 MWof gas, oil, coal and hydropower generation from Orange andRockland Utilities Inc. and Consolidated Edison Inc. in New YorkState for about $480 million. Southern also plans to spend $390million to upgrade the plants and build up to 710 MW of newgas-fired generation. Southern Energy affiliate Southern CompanyEnergy Marketing will market output from the plants.

November 25, 1998

NYSEG Gets OK to Sell Coal Plants

The New York Public Service Commission (PSC) approved New YorkState Electric and Gas Co.’s (NYSEG) sale of all of itsfossil-fueled generation plants to AES NY Inc. and Mission EnergyWestside Inc. The $1.85 billion sale furthers the commission goalof encouraging utility divestiture of generation facilities as onestep in the process of introducing competition to New York’selectric industry. NYSEG is the first utility in the state toreceive commission approval for the sale of generation facilities.

November 6, 1998
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