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Cost

ProvGas Touts Cost Recovery Program

Under the “Energize RI” program, Providence Gas Co. (ProvGas)was awarded $2.45 million Wednesday by the Rhode Island PublicUtilities Commission (PUC) for losses attributable to externalforces the utility experienced last winter. The original requestwas granted by the the PUC’s Division of Public Utilities andCarriers (the Division) in March but it was subject to PUCapproval.

June 3, 1999

Williams Gets One More Shot to Settle GSR Costs

FERC last week gave Williams Gas Pipelines Central Inc. one morechance to settle the lingering, controversial cost-recovery issuesarising from the reformation of three of its contracts for gassupply in Colorado.

April 5, 1999

NOPR Could Cost Producers, IPAA Says

The natural gas producing segment will lose $200 millionannually for every penny increase in transportation costs that’srealized from the lighter handed regulatory initiatives – such asnegotiated terms and conditions and capacity auctioning – proposedby FERC, an official with a leading independent producer groupprojected.

November 24, 1998

Mobil Net Income Off 43% on Lower Prices

Mobil is yet another major producer hit by lower oil and gasprices in the third quarter. Despite cost reduction efforts,earnings were off sharply. Mobil reported third quarter 1998estimated operating earnings of $497 million, a decline of $410million, or 45%, from the record $907 million earned in the sameperiod last year. Net income declined 43% to $509 million from $892million in the third quarter of 1997. “This quarter saw virtuallyall of our businesses experience sharp declines in industryfundamentals,” said CEO Lucio A. Noto. “Despite our self-helpefforts, earnings and cash generation are down significantly thisyear.”

October 29, 1998

RIK Proponents Drawing Big Industry Contributions

Congressional proponents of royalty in-kind legislation, whichwould force the government to assume the cost of transporting andmarketing its royalty portion of oil and gas production, aredrawing large sums of political action committee donations, softmoney and individual contributions from the oil and gas industry.

June 10, 1998
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