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Curt

Industry Brief

NuStar Energy LP and Valero Energy Corp. have struck an agreement for NuStar to modify existing sections of its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils. NuStar will reverse an eight-inch diameter refined products pipeline that currently runs from Corpus Christi to Three Rivers and will convert it to crude service. The pipeline will provide capacity to transport Eagle Ford crude and condensate to Valero’s Corpus Christi refinery; the line is expected to be in full service by the end of September. NuStar will also construct 55 miles of new 12-inch diameter pipeline that will connect to existing pipeline segments to move crude from Corpus Christi to Valero’s Three Rivers refinery. This system is expected to be in service by the second quarter of 2012. “With the growing production from the Eagle Ford region, NuStar is in the unique position to provide Valero and our other customers with quick transportation solutions given the fact that we have hundreds of miles of existing pipeline running from that region into Corpus Christi, where it can be refined or transported to other locations,” said NuStar CEO Curt Anastasio.

September 8, 2011

Former FERC Chair Sees Agency Extending California Price Caps

Curt Hebert, former chairman of FERC and now an executive with Entergy Corp., on Friday predicted that the Commission will extend price caps on wholesale power prices in California that are due to expire later this year in response to what he characterized as “political pressure.”

June 17, 2002

Analyst: Broad FERC Actions Would Add to ‘Near Hysteria’

Financial analyst Curt Launer of Credit Suisse First Boston has called on FERC to exercise “extreme caution over the next few months” in its regulatory rulings to avoid sending the already-embattled energy market into a further tailspin and compounding the uncertainty on Wall Street.

December 24, 2001

Analyst: Broad FERC Actions Would Add to ‘Near Hysteria’

Financial analyst Curt Launer of Credit Suisse First Boston has called on FERC to exercise “extreme caution over the next few months” in its regulatory rulings to avoid sending the already-embattled energy market into a further tailspin and compounding the uncertainty on Wall Street.

December 21, 2001

Ex-FERC Head, Enron Exec Cleared of Criminal, Ethics Violations

The General Accounting Office (GAO) has cleared former FERC Chairman Curt Hebert Jr. and Enron Corp. Chairman Kenneth Lay of any criminal charges and ethics violations stemming from a telephone conversation between the two men last February during which Hebert claimed Lay sought a change in his position on a key Commission policy issue in exchange for agreeing to endorse Hebert to continue on as chairman.

September 24, 2001

Ex-FERC Head, Enron Chairman Cleared of Criminal, Ethics Violations

The General Accounting Office (GAO) has cleared former FERC Chairman Curt Hebert and Enron Corp. Chairman Kenneth Lay of any criminal charges and ethics violations stemming from a telephone conversation between the two men last February in which Hebert claimed Lay asked him to change his position on a key Commission policy issue in exchange for his endorsing Hebert to continue on as chairman.

September 21, 2001

Hebert Signals Intent to Leave FERC; Madden Departs

Ending months of speculation, FERC Chairman Curt Hebert Jr. has informed the White House that he will step down from the Commission at the end of August. At the same time FERC General Counsel Kevin Madden, who has long had a hand in directing Commission activities, will also leave to take a position with AGL Resources in Atlanta.

August 13, 2001

Hebert Signals Intent to Leave FERC

Ending months of speculation, FERC Chairman Curt Hebert Jr. informed the White House late last week that he will step down from the Commission at the end of August.

August 7, 2001

Hebert: CA Interstate, Intrastate Capacity Gap Widens

In his latest review of the California market, FERC Chairman Curt Hebert said that while the levels of interstate natural gas pipeline capacity and intrastate capacity serving the state have risen since the start of the year, the gap between the two has grown even wider and could serve to further constrain delivery points there.

July 30, 2001

Hebert: CA Interstate, Intrastate Capacity Gap Widens

In his latest review of the California market, FERC Chairman Curt Hebert said that while the levels of interstate natural gas pipeline capacity and intrastate capacity serving the state have risen since the start of the year, the gap between the two has grown even wider and could serve to further constrain delivery points there.

July 27, 2001
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