Xcel Energy’s combination Colorado utility filed quarterly rate changes with state regulators that could result in monthly retail natural gas utility bills dropping by up to 8% compared to the first quarter this year. The rate for residential natural gas customers would drop 6.9% from 52.06 cents/therm in1Q2012 to 45.17 cents/therm in 1Q2013; for small businesses, rates would drop 8% from 52.28 cents/therm to 44.82 cents/therm. The Denver-based utility is asking the Colorado Public Utilities Commission for the changes to be effective Jan. 1.
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Articles from Could
Britain Clears Way for Fracking
With the introduction of new risk controls, the British government has cleared the way for hydraulic fracturing (fracking) to resume in the country where the shale gas reserve could be 4.2 Tcf, according to one estimate.
Eagle Ford Is Economic Engine, Foundation Report Says
The San Antonio, TX, metropolitan area has gained about 4,000 jobs from the Eagle Ford shale Play, and its upcoming major road improvements could tap up to $12 million annually from the oil/gas development, according to a report released Tuesday by the San Antonio Economic Development Foundation.
Industry Briefs
The University of Massachusetts is switching the Central Heating Plant at its Amherst campus from oil to a liquefied natural gas system, a project that could provide $2 million of fuel cost savings annually, according to the university’s five-year capital plan. The $1.2 million project, which is going into operations this month, will allow the plant to end its practice of burning oil when winter conditions cause gas curtailments, according to The Massachusetts Daily Collegian. The plant will rely primarily on natural gas from Tennessee Gas Pipeline’s Northampton Lateral.
Gas-Dependent ISO-NE Looks to Oil, Coal to Lessen Operational Risk
New England’s reliance on natural gas to fuel power generators “could create operational challenges if natural gas supplies become tight this winter,” which would force the region to turn to oil- coal-fired generation “to lessen any operational risks” to the power system, according to a winter forecast issued Tuesday by ISO New England Inc. (ISO-NE).
Big Sky Gains Entry into Texas Wolfcamp/Wolfberry
Big Sky Petroleum Corp. has acquired a 90% working interest in an initial lease block of more than 2,300 net operated acres on the eastern shelf of the southern Midland Basin in West Texas. The deal gives the Vancouver, BC-based company entry into the Wolfcamp/Wolfberry play.
New Brunswick Weighs Shale Wealth, Consequences
Natural gas supplies from Nova Scotia are dwindling, but the province of New Brunswick could join the shale gas renaissance sweeping much of North America, provided its shales can be exploited without harming the environment, New Brunswick Energy and Mines Minister Craig Leonard said Wednesday.
New Brunswick Pondering Shale Wealth, Potential Consequences
Natural gas supplies from Nova Scotia are dwindling, but the province of New Brunswick could join the shale gas renaissance sweeping much of North America, provided its shales can be exploited without harming the environment, New Brunswick Energy and Mines Minister Craig Leonard said Wednesday.
West Virginia Supreme Court Rules Against Landowners
The West Virginia Supreme Court of Appeals has ruled that state law doesn’t give landowners the right to seek judicial review of well permits issued by the Department of Environmental Protection (DEP). However, the appeals court urged lawmakers to consider changing the law to give landowners more say.
NGV Market Said to Be Stymied by Differing Regulations
Differing state and federal environmental regulations, and a lack of political will to streamline them, could retard growth of natural gas vehicles (NGV) in the transportation fuel market, according to a white paper by the Ben Franklin Shale Gas Innovation and Commercialization Center in Pennsylvania.