Irrespective of what happens to FERC’s controversial standard market design (SMD) for U.S. wholesale power markets, at least two market participants believe that power markets in the Midwest and Northeast will continue marching forward.
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Ontario Government Unveils Bill Implementing Price Cap Plan
Ontario Premier Ernie Eves’ controversial plan to cap electricity prices paid by residential and small business consumers at C4.3 cents through 2006 moved one step closer to becoming a reality last week after the province’s energy minister introduced a bill implementing the proposal.
With ANWR Drilling Dead, Senate Poised to Vote on Energy Bill
Following the stinging defeat last week of the controversial proposal to open the Arctic National Wildlife Refuge (ANWR) to oil and natural gas drilling, the Senate leadership signaled that it expects to wrap up and vote on the omnibus energy bill this week (S. 517).
Proposal to Regulate Energy Derivatives Hangs in Senate Limbo
A controversial amendment that seeks to regulate the trading of over-the-counter (OTC) energy derivatives remained in Senate limbo late last week after opposing sides failed to reach an compromise to allow the proposal to come up for a vote.
Senate Debate, Vote on Energy Derivatives Regulation Put on Hold
The Senate set aside a controversial amendment Tuesday that seeks to re-regulate the trading of over-the-counter (OTC) energy derivatives after opposing sides failed to reach an off-the-floor compromise to allow the proposal to come up for a vote.
Full Requirements Customers See El Paso Proposal as Threat
Proposed tariff changes that could jeopardize the future existence of the controversial full-requirements (FR) contracts on El Paso Natural Gas came under attack last week from the pipeline’s East-of-California (EOC) customers.
Full Requirements Customers See El Paso Proposal as Threat
Proposed tariff changes that could jeopardize the future existence of the controversial full-requirements (FR) contracts on El Paso Natural Gas have come under attack from the pipeline’s East-of-California (EOC) customers.
Millennium Gets Final Environmental Nod from FERC
After nearly four years of waiting, FERC staff has concluded that the controversial U.S. leg of the Millennium Pipeline project could be built and operated to meet environmental standards if Commission-developed mitigation measures, on top of those proposed by the pipeline, are taken.
MMS Schedules Lease Sale 181 for Dec. 5
The Interior Department’s Minerals Management Service (MMS) has tentatively scheduled its controversial Lease Sale 181 in the eastern Gulf of Mexico for Dec. 5 in New Orleans, LA.
Senate Votes to Keep Eastern Gulf Sale to December Timetable
The Senate last week overwhelmingly voted to retain a controversial oil and natural gas lease sale in the eastern Gulf of Mexico scheduled for December, pushing back attempts by the Florida delegation to delay it until next year, as part of a major energy spending bill. Interior Department’s Minerals Management Service (MMS) last week tentatively scheduled the lease sale for Dec. 5 in New Orleans.