Criteria

Post Oak Energy Capital and funds managed by Goldman Sachs Asset Management have made a $100 million capital commitment to PetroEdge Energy III LLC, a newly formed oil and gas company based in Houston and focused on the Eagle Ford Shale.

Related to the colder-than-normal weather forecasted in its market area, Southern Star Central has posted a list of criteria (see the bulletin board) to which shippers must adhere to prevent the pipeline from issuing a systemwide or point- or shipper-specific OFO on short notice. The restrictions are expected to remain in effect until the start of Monday’s gas day.

Regardless of how Alaska Superior Court Judge William Carey ruled Friday in Senate Republican candidate Joe Miller’s challenge of the state of Alaska’s criteria for counting write-in ballots, it won’t be the end of the prolonged battle over the results of the November election.

Initiating a centerpiece regulatory initiative under the newly enacted Energy Policy Act of 2005, FERC last Thursday proposed criteria for the establishment of an electric reliability organization (ERO) that will enforce reliability standards under the regulatory review and oversight of the Commission.

State law and bankruptcy reorganization criteria make it a longshot that any of the public or private-sector proposals to buy Portland General Electric (PGE) will displace the current plan to distribute the Enron Corp. utility’s stock to the Chapter 11-reorganized holding company’s major creditors. The possibility of another buyer emerging is not impossible, but unlikely, according to sources at both the utility and holding company.

Results from a FERC staff survey sent to energy companies in March show that industry’s confidence in and use of published natural gas price indexes are relatively high, but the level of participation by companies reporting information about their gas trades to publishers’ price surveys still is an open question.

Results from a FERC staff survey sent to energy companies in March show that industry’s confidence in and use of published natural gas price indexes are relatively high, but the level of participation in the publishers’ price surveys is still an open question.