Conduit

Enbridge Inc.’s hotly contested Northern Gateway pipeline proposal for an oilsands conduit from Edmonton to a new tanker terminal on the northern Pacific Coast at Kitimat, BC, hit another hurdle this week when the Yinka Dene Alliance sent a cease and desist letter, warning Enbridge against trespassing in their traditional territories as the company seeks temporary permits for drilling and tree removal for the pipeline project.

In the bush around the Norman Wells inlet to the most northerly oil conduit on the continent, six producers have snapped up 8,998 square kilometers (3,473 square miles) of drilling rights leases by pledging to spend C$534 million on exploration over the next nine years.

In the bush around the Norman Wells inlet to the most northerly oil conduit on the continent, six producers have snapped up 8,998 square kilometers (3,473 square miles) of drilling rights leases by pledging to spend C$534 million on exploration over the next nine years.

Seeking a public forum and a conduit for eventual changes to the state’s regulation of natural gas pipelines, the California Public Utilities Commission (CPUC) on Tuesday released a proposal to conduct a broad-based investigation of the fatal Pacific Gas and Electric Co. (PG&E) transmission pipeline rupture in San Bruno, CA, last September. The proceeding is expected to kick off by mid-year.

The Northern California Gas Authority (NCGA), a financing conduit for public power sector generators, has felt the domino effect of the Wall Street credit meltdown, being placed on “watch for a downgrade” of its “A1” credit rating Oct. 16 by Moody’s Investors Service, following the credit agency’s downgrade of Morgan Stanley earlier in October. Some $758 million of series A and B 2007 bonds held by the gas authority are tied to Morgan Stanley and other Wall Street firms caught in the credit collapse.

The Northern California Gas Authority (NCGA), a financing conduit for public power sector generators, has felt the domino effect of the Wall Street credit meltdown, being placed on “watch for a downgrade” of its “A1” credit rating last Thursday by Moody’s Investors Service, following the credit agency’s downgrade of Morgan Stanley. Some $758 million of series A and B 2007 bonds held by the gas authority are tied to Morgan Stanley and other Wall Street firms caught in the credit collapse.

Its strategic move to become a major North American liquefied natural gas (LNG) conduit means San Diego-based Sempra Energy’s credit ratings must be reassessed, a research report released Thursday by Standard & Poor’s Ratings Services (S&P) said. Sempra’s relatively strong ratings (BBB+/Stable/A-2) currently do not consider it being in the LNG business.

Its strategic move to become a major North American liquefied natural gas (LNG) conduit means San Diego-based Sempra Energy’s credit ratings must be reassessed, a research report released Thursday by Standard & Poor’s Ratings Services (S&P) said. Sempra’s relatively strong ratings (BBB+/Stable/A-2) currently do not consider it being in the LNG business.