The Alberta Energy and Utilities Board (EUB) has assumed the lead role to direct operations following the uncontrolled release Sunday of storage cavern ethane and the resulting fire from two wellheads at BP Canada’s natural gas liquids plant near Fort Saskatchewan, AB. While there were no reported injuries, EUB said the incident is “impacting other petroleum operations within the province involving both upstream natural gas liquids production and downstream natural gas liquids product use.”
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Strong 2Q Earnings Boost PanCanadian’s E&P Budget
With the news that its second-quarter net income doubled from the same period last year, Calgary-based PanCanadian Petroleum Ltd. said Tuesday it would boost its capital budget almost 51% through the rest of the year, with 26% targeted toward high impact exploration. The increase, said the company, would allow it to take advantage of “new opportunities and pursue an aggressive plan of delivering further growth.”
NGSA Study Finds Gas, Power Price Disconnect out West
The gas price increases in the West over the past year had no direct causal relationship with the price of power there and therefore cannot be blamed for high western wholesale electricity prices, according to a study commissioned by the Natural Gas Supply Association and sent to Capitol Hill and the Federal Energy Regulatory Commission last week.
NGSA Study Finds Gas, Power Price Disconnect out West
The gas price increases in the West over the past year had no direct causal relationship with the price of power there and therefore cannot be blamed for high western wholesale electricity prices, according to a study commissioned by the Natural Gas Supply Association and sent to Capitol Hill and the Federal Energy Regulatory Commission this week.
NYSEG Takes Aim At NYISO Report
New York State Electric & Gas Corp.(NYSEG) last Wednesday took direct aim at a recent New York Independent System Operator (NYISO) report on the state’s power market, asserting, among other things, that it “unrealistically assumes” that 8,600 MW of new generation for the state can be built by 2005.
NYSEG Takes Aim At NYISO Report
New York State Electric & Gas Corp.(NYSEG) yesterday took direct aim at a recent New York Independent System Operator (NYISO) report with the utility asserting, among other things, that the ISO’s report “unrealistically assumes” that 8,600 MW of new generation for the state can be built by 2005.
AMDAX, Aquila Ally to Expand Web Services
Aquila Energy and AMDAX — American Direct Access Exchange —plan to tear down the geographic barriers of their two companiesand form an alliance to expand the reach for commercial andindustrial customers using their Web-based auction sites.
Titan to Return $281,000 To PA Consumers
The Pennsylvania Office of Consumer Advocate (OCA) announced that Titan Energy, which was purchased by AES Power Direct, LLC for $6 million in cash at the end of July, will be returning an estimated $281,000 in uncashed deposit checks to approximately 6,300 of its Pennsylvania customers in the Columbia Gas and Peoples Natural Gas service territories (see NGI, July 31).
Titan to Return $281,000 to PA Consumers
The Pennsylvania Office of Consumer Advocate (OCA) announced thatTitan Energy, which was purchased by AES Power Direct, LLC for $6million in cash at the end of July, will be returning an estimated$281,000 in uncashed deposit checks to approximately 6,300 of itsPennsylvania customers in the Columbia Gas and Peoples Natural Gasservice territories (see Daily GPI, July,26).
Northwest Territories, TransCanada Agree on Pipe
TransCanada PipeLines has announced an agreement with the Government of the Northwest Territories (GNWT) to build a direct connection between the rapidly developing reserves in the southern part of the territories and the TransCanada mainline.