The California Public Utilities Commission (CPUC) Thursday took a couple of actions dealing with natural gas utility rates that are footnotes to more turbulent times in the state’s evolving gas markets. On the one hand, the CPUC established a proceeding to allocate settlement monies from past lawsuits stemming from the 1999-2002 energy crisis, but it rejected a request to suspend a long-standing market-indexed capital cost adjustment mechanism.
Dealing
Articles from Dealing
California Irrigation District Burned by Gas Hedge Fund Deals
As it operates under a new oversight board and is looking for a permanent new general manager, the Imperial Irrigation District (IID), a public-sector powerhouse dealing water and electricity in the southeast corner of California, is still trying to recover from the aftermath of Hurricane Katrina two years ago and subsequent hedging deals for natural gas supplies that went sour.
California Irrigation District Burned by Gas Hedge Fund Deals
As it operates under a new oversight board and is looking for a permanent new general manager, the Imperial Irrigation District (IID), a public-sector powerhouse dealing water and electricity in the southeast corner of California, is still trying to recover from the aftermath of Hurricane Katrina two years ago and subsequent hedging deals for natural gas supplies that went sour.
Transportation Notes
After returning to normal linepack levels over the weekend after a lengthy period of dealing with high linepack, Kern River was faced with a different problem Tuesday: low linepack in all four segments that the pipeline attributed to drafting of its system and loss of supply during the preceding 24 hours. “If drafting continues, Kern River will take whatever actions are necessary to ensure the integrity of the system is maintained,” it said.
Venice Gathering Gets Standards-of-Conduct Waivers to Speed Restoration Efforts
FERC has granted Venice Gathering System LLC temporary waivers of agency standards of conduct dealing with the posting and recording of information on its website to spur the restoration of its hurricane-damaged system along the Louisiana coast.
MMS Proposes Major Expansion of Fee System for OCS
Dealing with the federal government on offshore leases will get more expensive under new fee schedules proposed to recover the costs of its services by the Minerals Management Service (MMS) in two recently issued notices of proposed rulemaking.
MMS Proposes Major Expansion of Fee System for OCS
Dealing with the federal government on offshore leases will get more expensive under new fee schedules proposed to recover the costs of its services by the Minerals Management Service (MMS) in two recently issued notices of proposed rulemaking.
CPUC Approves Several Rate Procedures for Major Utilities
California regulators Thursday marched through a series of small, unanimous decisions dealing with rates and tariffs of the major energy utilities in the state, headed by the allocation of Southern California Edison Co.’s $9.2 billion revenue requirement to different classes of customers based on a comprehensive settlement agreement with 15 stakeholder groups.
Feds Urged to Set Case Precedent for Transmission Market Power
FERC should try to carve out a case precedent for dealing with transmission market power in the broader context of granting market-based rate authority to power companies, Craig Roach, a principal with Boston Pacific Co., said at a technical conference at the Commission last Tuesday.
Bingaman Suggests Breaking Up Energy Bill into Individual Proposals, Small Packages
Rather than dealing with “one gargantuan bill,” the Senate should pick out the energy provisions that have the broadest support and are likely to do the most good and pass them individually or in small packages, suggested the ranking Democrat on the Senate Energy and Natural Resources Committee in a Capitol Hill newspaper article last Tuesday.