The Texas Supreme Court has for a second time reversed a court of appeals judgement in a case involving a pipeline company’s use of eminent domain for a public use project and has remanded the case to a district court “for further proceedings consistent with this opinion.”
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California OKs $16M to Promote Clean Transportation Fuels
The California Energy Commission (CEC) announced Tuesday approval of $16 million to fund a variety of projects demonstrating the state’s continuing commitment to cleaner transportation fuel choices and added jobs in that emerging sector. State funds will leverage $96 million in private-sector matching money.
Texas Lawmaker Wants ‘Tracer’ in Frack Fluid
Texas natural gas producers would be required to add a “tracer” liquid to help identify the fluids they use in hydraulic fracturing (fracking) operations under a bill filed in the state legislature last Friday.
Sempra’s SoCalGas Gains ‘Climate Leader’ Status, Too
Demonstrating that global warming is also a natural gas utility concern, Sempra Energy’s Southern California Gas Co. Tuesday said it has followed an affiliated utility in successfully certifying its 2005 greenhouse gas (GHG) emissions inventory with the California Climate Action Registry, gaining designation as a “Climate Action Leader.” Sempra’s other California utility, San Diego Gas and Electric Co., gained similar status earlier in March.
CPUC Shows New Consensus in Approving Several Energy Issues
Demonstrating a newfound consensus often absent over the past 12-15 months, California’s regulatory commission last week unanimously approved a half-dozen energy items on its regular business meeting agenda, including added debt authority for Las Vegas-based Southwest Gas Corp. and a new statewide hearing process looking at the potential rate impact of the two alternative reorganization plans in Pacific Gas and Electric Co.’s ongoing Chapter 11 bankruptcy case.
Dynegy’s Stock Falls Despite Bullish Forecast
Demonstrating the volatile nature of the stock market this week,Dynegy’s stock price dropped almost 7% yesterday despite ChuckWatson, CEO of Dynegy, announcing that the company expects firstquarter earnings to be 20% higher than industry estimates.
Peoples Doubles Production With Koch Purchase
Demonstrating its intent to build a strong production portfolio,Peoples Energy recently announced a purchase of 50% interest in SanJuan Basin coalbed methane producing territories from KochIndustries for $47 million. The purchase not only introduces theChicago-based company as a player in the basin, it also doubles theamount of its fledgling production business from 15 MMcf/d to 30MMcf/d.
Peoples Doubles Production with Koch Purchase
Demonstrating its intent to build a strong production portfolio,Peoples Energy recently announced a purchase of 50% interest in SanJuan Basin coalbed methane producing territories from KochIndustries for $47 million. The purchase not only introduces theChicago-based company as a player in the basin, it also doubles theamount of its fledgling production business from 15 MMcf/d to 30MMcf/d.
Weather Derivatives Make an Impact in Kansas
Demonstrating the growing popularity of weather derivatives,Kansas Gas Service is on the brink of offering a weather-proof billto all 600,000 of its customers, said Steve Johnson, executivedirector of corporate relations for the LDC. Johnson and a panel ofweather derivative experts spoke on the growing use of weatherproducts at NGI’s Gasmart/Power’99 in Dallas last week.
Weather Derivatives Make an Impact in Kansas
Demonstrating the growing popularity of weather derivatives,Kansas Gas Service is on the brink of offering a weather-proof billto all 600,000 of its customers, said Steve Johnson, executivedirector of corporate relations for the LDC. Johnson and a panel ofweather derivative experts spoke on the growing use of weatherproducts at Gasmart/Power’99 in Dallas yesterday.