Ciris Energy Inc. has added Khosla Ventures to a list of companies that have invested in its proprietary technology, which it says biochemically converts coal to methane at large scale and low cost. While Centennial, CO-based Ciris did not disclose the amount Khosla invested, documents filed with the Securities and Exchange Commission indicate Ciris in December sold $23.9 million of a total $39.7 million of securities offered. It was the second round of financing for Ciris. Existing investors Braemar Energy Ventures, Rho Ventures and GE Energy Financial Services also participated in the funding, the company said. The financing will allow privately held Ciris to implement its first commercial-scale projects for in situ biochemical conversion of coal to methane, and bring its ex situ technology to commercial-ready status.
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Northern Border Settlement Approved
FERC approved Northern Border Pipeline Co.’s rate settlement,which converts the pipeline’s rate design to straight-fixedvariable from cost of service and which imposes a moratorium onrate changes until Nov. 1, 2005.
Northern Border Settlement Approved
FERC approved Northern Border Pipeline Co.’s rate settlement,which converts the pipeline’s rate design to straight-fixedvariable from cost of service and which imposes a moratorium onrate changes until Nov. 1, 2005.
New Price Upticks Fuel Bullish Sentiments
Cash prices returned to a climbing mode Friday, and in theprocess won more converts to believing in a fundamentally stronggas market this spring and summer. Although Western gains tended tolag a bit behind, most increases were between a nickel and a dime.Most of the double-digit gains occurred in the Gulf Coast,Appalachian and Northeast market areas.