Developed

Despite cries by Republican senators last week for a stripped-down energy bill in the aftermath of the Sept. 11 terrorist attacks, Chairman Jeff Bingaman (D-NM) of the Senate Energy and Natural Resources Committee said he remains undeterred in his drive to vote out a “balanced and comprehensive” energy bill during this session.

Inefficient customer education, inadequate marketercertification and poorly developed information systems forconsumers led to many of the early problems associated withGeorgia’s 1998 natural gas deregulation efforts, according to PaulaG. Rosput, CEO of AGL Resources.

Inefficient customer education, inadequate marketercertification and poorly developed information systems forconsumers led to many of the early problems associated withGeorgia’s 1998 natural gas deregulation efforts, according to PaulaG. Rosput, CEO of AGL Resources.

Prices continued to build Monday on the strong foundationdeveloped in the latter half of last week. Only the NorthernCalifornia points of Malin and the PG&E citygate failed to gaina dime or more.

California-based Automated Power Exchange (APX) announced lastweek that it has developed new Internet-based, real-timeelectricity market products that will allow it to provide combinedpower exchange and regional transmission operator (RTO) services inother states, regions and countries that open their electricitymarkets to competition. One feature of what APX is calling “Market2000” will allow end-users to trade power to buffer the negativeimpact of summer price spikes.

California-based Automated Power Exchange (APX) announced thisweek that it has developed new Internet-based, real-timeelectricity market products that will allow it to provide combinedpower exchange and regional transmission operator (RTO) services inother states, regions and countries that open their electricitymarkets to competition. One feature of what APX is calling “Market2000” will allow end-users to trade power to buffer the negativeimpact of summer price spikes.

EOG Resources and Burlington Resources announced a deal to swapproducing properties with about 40 Bcfe of gas (or 6.5 million bblof oil equivalent) in proved developed reserves. The oil and gasproperties EOG will receive are located in the Permian Basin ofsoutheast New Mexico and West Texas. Burlington will receiveprimarily gas properties centered in its operating areas of theAnadarko Basin in northwest Oklahoma and Hemphill County, TX.

FERC Chairman James J. Hoecker announced last week that staffhas developed new timelines that could reduce the litigation timeby one-third for cases set for hearing before the Commission’sadministrative law judges (ALJ). The new timelines take effectimmediately, and apply to new cases and any pending cases thathaven’t had a procedural schedule set by a presiding judge.

FERC Chairman James J. Hoecker announced yesterday that staffhas developed new timelines that could reduce the litigation timeby one-third for cases set for hearing before the Commission’sadministrative law judges (ALJ). The new timelines take effectimmediately, and apply to new cases and any pending cases thathaven’t had a procedural schedule set by a presiding judge.