It’s crunch time on the energy policy front, and the big guns are in play, preparing the ground for the administration’s much-heralded comprehensive energy strategy. Vice President Dick Cheney has been putting in a series of media appearances lately, supporting energy development in the Arctic National Wildlife Refuge (ANWR), and today a task force of energy experts is unveiling a report calling on the nation to make some hard choices or face “more Californias in America’s future.”
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Bleak Week for California Power
While power outages were still viewed as an inevitability thissummer in California, a comprehensive legislative, regulatory andcommercial solution to mounting energy debts was less certain lastweek as reports surfaced that creditors might force bankruptcy onthe state’s two ailing utilities.
FERC Aid to Western Markets Omits Price Relief
In what was probably its most comprehensive decision onCalifornia since its famed Dec. 15 order, FERC last week announceda series of actions designed to boost energy supply, reduce demandand alleviate the delivery bottlenecks that continue to bedevil thewholesale electricity and natural gas markets in the state andoverall western region.
CA Regulators Leave Work to the Legislators
California regulators postponed a growing backlog of pendingactions in deference to ongoing legislative efforts to develop acomprehensive solution to the state’s energy woes. Regulators lastweek put off action on an allocation of utility revenues to thestate water resources department, which is buying electricity forconsumers and attempting to sign long-term power contracts.
CA Regulators Leave the Work to the Legislators
California regulators postponed a growing backlog of pendingactions in deference to ongoing legislative efforts to develop acomprehensive solution to the state’s energy woes. Regulatorsyesterday put off action on an allocation of utility revenues tothe state water resources department, which is buying electricityfor consumers and attempting to sign long-term power contracts.
TXU To Manage Energy for Bass Hotels
TXU Energy Services has signed a three- year, $100 million-pluscomprehensive energy management contract with Bass Hotels &Resorts, a subsidiary of Bass PLC, to provide natural gas, electricand risk management services, develop energy-efficiency improvementprojects and provide consolidated billing services.
Senate Postpones Republican Energy Bill
Sen. Frank Murkowski (R-AK) announced Friday he is putting offintroducing the Senate Republicans’ widely anticipatedcomprehensive energy legislation until the week of Feb. 26, at theearliest.
Pipelines ‘Troubled’ by Change in Senate’s Pipe Safety Bill
By 98-0, the Senate last week voted out what one lawmaker dubbedthe “strongest and most comprehensive” pipeline-safety bill everpassed in Congress, with provisions calling for stepped-upinspections for natural gas and hazardous liquid lines and stifferpenalties against safety violators.
Senate Postpones Republican Energy Bill
Sen. Frank Murkowski (R-AK) announced Friday he is putting offintroducing the Senate Republicans’ widely anticipatedcomprehensive energy legislation until the week of Feb. 26, at theearliest.
NOVA, Shippers Reach Two-Year Rate Settlement
NOVA Gas Transmission Ltd. (NGTL), TransCanada’s Albertapipeline system, reached a comprehensive settlement with shippersthat fixes its revenue over the next two years, creating anincentive for Nova to continue reducing costs.