A federal court judge in New York Thursday denied a plea by failed hedge fund Amaranth Advisors LLC to bar FERC from proceeding with an enforcement action against it until a parallel complaint brought by the Commodity Futures Trading Commission (CFTC) is resolved, although he said he believed it would be “prudent” for FERC to defer to the CFTC case. The decision left the critical issue of whether FERC has jurisdiction in futures markets unsettled.
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Rockies Spikes Lead Strong All-Point Price Gains
Despite some protestations about “storm hype,” it could not be denied that cash numbers saw big increases across the board Tuesday based on screen support from the day before and the possibility that an upper-atmosphere low-pressure system in the southeastern Gulf of Mexico (GOM) could begin to threaten offshore production before the weekend.
FERC Deals Blow to Duquesne’s Plans to Exit PJM
FERC Friday dealt Duquesne Light Co. a major blow when it denied the company’s complaint request to be excluded from PJM Interconnection capacity auctions, which are scheduled to begin Monday. The Pittsburgh, PA-based utility saw its request as the first step in carrying out its plans to withdraw from the PJM and join the Midwest Independent System Operator (MISO).
Dredging Permit Denial Is Latest Bad News for Weaver’s Cove
Rhode Island’s Department of Environmental Management (DEM) delivered more bad news to Weaver’s Cove Energy LLC last week when it denied the company’s request for a permit and water quality certificate to dredge approximately 230,000 cubic yards of the navigation channel in Mount Hope Bay.
Rhode Island Denies Weaver’s Cove Dredging Permit Request
Rhode Island’s Department of Environmental Management (DEM) delivered more bad news to Weaver’s Cove Energy LLC when it denied the company’s request for a permit and water quality certificate to dredge approximately 230,000 cubic yards of the navigation channel in Mount Hope Bay. Dredging is needed to clear the way for tankers to reach the company’s proposed liquefied natural gas (LNG) terminal at Fall River, MA.
Court Denies Challenge to FERC Regulations Governing Alaska Pipe
A federal appeals court in Washington, DC, Friday denied a challenge by ExxonMobil Corp. to two regulations that it argued give FERC the authority to condition a certificate for an Alaska natural gas pipeline on the sponsors’ agreeing to expand the facility at a later date.
FERC Denies Bid to Use Maritimes as Pawn in Canadian Dispute
FERC last Thursday denied Quoddy Bay LNG LLC’s request for a reciprocity condition that would bar the flow of natural gas through expanded U.S. pipeline facilities from a proposed Canadian liquefied natural gas (LNG) terminal until the Canadian government has withdrawn its threat to block U.S.-bound LNG tankers from traversing its waters.
FERC Denies Bid to Use Maritimes as Pawn in Canadian Dispute
FERC Thursday denied Quoddy Bay LNG LLC’s request for a reciprocity condition that would bar the flow of natural gas through expanded U.S. pipeline facilities from a proposed Canadian liquefied natural gas (LNG) terminal until the Canadian government has withdrawn its threat to block U.S.-bound LNG tankers from traversing its waters.
FERC Rejects New Brunswick’s Bid to Halt Maine LNG Projects
FERC has denied the Canadian province of New Brunswick’s request to suspend processing of the applications to build the Quoddy Bay and Downeast liquefied natural gas (LNG) terminals in Maine and associated pipeline projects.
FERC Rejects New Brunswick’s Bid to Halt Maine LNG Projects
FERC Friday denied the Canadian province of New Brunswick’s request to suspend processing of the applications to build the Quoddy Bay and Downeast liquefied natural gas (LNG) terminals in Maine and associated pipeline projects.