In the wake of last week’s Presidential energy trip to California, state officials are continuing their love-hate relationship with the Bush Administration, which Gov. Gray Davis credits with providing the “little things” needed to boost supply and cut demand, but avoiding “the big enchilada” of wholesale price relief.
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Mojave Pipeline Eyes Expansion to Sacramento
El Paso Corp. is continuing to look for ways to incorporate the All American Pipeline assets it purchased last year from Arco into its California pipeline systems. The company announced that its Mojave Pipeline subsidiary is holding an open season to support expansions to serve central California.
May 14, 2001
Mojave Pipeline Eyes Expansion to Sacramento
El Paso Corp. is continuing to look for ways to incorporate the All American Pipeline assets it purchased last year from Arco into its California pipeline systems. The company announced that its Mojave Pipeline subsidiary is holding an open season to support expansions to serve central California.
May 14, 2001
PG&E Reports $951M First Quarter Loss
Continuing to report a trail of red ink, PG&E Corp. Wednesday said its first quarter results turned up a $951 million, or $2.62 per share, loss, driven by a $1.1 billion (after tax) cost of wholesale power by Pacific Gas and Electric Co.in unreimbursed power costs and power purchases by the state transmission grid operator, Cal-ISO.
May 3, 2001
California Plunges Lead Continuing Price Softness
May aftermarket pricing continued to erode Tuesday nearly across the board. Most declines were between about a nickel and a little more than 20 cents, with a majority of them toward the upper end of that range. The non-Malin California points plunged more than a dollar.
May 2, 2001
PACE Sees Prices Continuing above $5.00 This Year
Despite record high rig counts, natural gas production is unlikely to add the 1 Tcf in new supplies necessary “to bring some comfort back to the market” this year, PACE Global Energy Services said in predicting gas prices will remain above $5.00 in 2001.
April 19, 2001
NYPSC Attempts to Reduce Peak Power Demand
With questions continuing to arise about electric reliability in New York City this summer, the New York Public Service Commission (NYPSC) is actively seeking remedies to ensure the lights stay on. The commission approved several electric “demand response” programs to be implemented by Consolidated Edison Co. of New York that are designed to reduce demand for electricity during peak periods.
April 2, 2001
PEMEX Recommissioning 10 Sour Gas Plants
Signaling the continuing ramp-up of natural gas production inthe country, Mexico’s Petròleos Mexicanos (PEMEX) lastweek awarded a $5 million engineering, procurement and constructioncontract to recommission and upgrade 10 sour gas sweetening plantsin Chiapas at the Cactus Petrochemical Complex.
April 2, 2001
NYPSC Attempts to Reduce Peak Power Demand
With questions continuing to arise about electric reliability inNew York City this summer, the New York Public Service Commission(NYPSC) is actively seeking remedies to ensure the lights stay on.The commission approved several electric “demand response” programsto be implemented by Consolidated Edison Co. of New York that aredesigned to reduce demand for electricity during peak periods.
March 30, 2001
Transportation Notes
Because of production receipts upstream of its Logansport (LA)facilities continuing to exceed capacity, Sonat issued a Type 5 OFOthat took effect Saturday. Volumes delivered into the system thatexceed 104% of scheduled quantities will be penalized $15/Dth. TheOFO affects 25 Logansport Field points and 24 Joaquin Field points.
March 26, 2001
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