Collect

A group of more than 50 European investors stands to collect a record US$352.6 million, plus administrative costs, from Royal Dutch Shell to settle a class action lawsuit filed over the producer’s alleged overbooking of oil and natural gas reserves over a five-year period. A U.S. settlement is expected in the next few weeks.

The Office of the Ohio Consumers’ Counsel (OCC) went public last week in opposition to a request by Columbia Gas of Ohio to collect from its customers any current or future costs related to an investigation of natural gas risers, which are the vertical portion of the service line that connect the pipeline to the customer’s meter. The residential consumer utility advocate said in a filing at the Public Utilities Commission of Ohio (PUCO) that the costs associated with the risers, or the investigation of the risers, should not fall to consumers.

The Office of the Ohio Consumers’ Counsel (OCC) went public Wednesday in opposition to a request by Columbia Gas of Ohio to collect from its customers any current or future costs related to an investigation of natural gas risers, which are the vertical portion of the service line that connect the pipeline to the customer’s meter. The residential consumer utility advocate said in a filing at the Public Utilities Commission of Ohio (PUCO) that the costs associated with the risers, or the investigation of the risers, should not fall to consumers.

The Interior Department’s Minerals Management Service (MMS) will forego attempts to try to collect $1.3 billion in oil and natural gas royalties that have been lost so far due to the failure of the agency to include prices ceilings in 1998 and 1999 leases, but rather will concentrate its efforts on recovering revenues on future production from the flawed leases, the head of the agency said Thursday.

The Interior Department’s Minerals Management Service (MMS) will forego attempts to try to collect $1.3 billion in oil and natural gas royalties that have been lost so far due to the failure of the agency to include prices ceilings in 1998 and 1999 leases, but rather will concentrate its efforts on recovering revenues on future production from the flawed leases, the head of the agency said Thursday.

Alaska could collect between $1 billion and $2.7 billion per year from a pipeline project to move North Slope gas to Alberta and ultimately the Lower 48, according to terms of a draft contract between Alaska and a trio of major producers, the state said.

Alaska could collect between $1 billion and $2.7 billion per year from a pipeline project to move North Slope gas to the Lower 48, according to terms of a draft contract between Alaska and a trio of major producers, the state said.

Elizabethtown Gas, a unit of AGL Resources Inc., last week petitioned New Jersey regulators to establish a Pipeline Replacement Program (PRP) Recovery Rider allowing it to collect costs from customers for the accelerated replacement of about 88 miles of elevated pressure 8- to 12-inch cast iron main on its distribution system.

Elizabethtown Gas, a unit of AGL Resources Inc., on Tuesday petitioned New Jersey regulators to establish a Pipeline Replacement Program (PRP) Recovery Rider allowing it to collect costs from customers for the accelerated replacement of about 88 miles of elevated pressure 8- to 12-inch cast iron main on its distribution system.