Temple University announced Wednesday that three faculty members will investigate the source of methane gas that has contaminated water wells near Marcellus Shale drilling sites in Susquehanna County, PA, and will also study how the debate over hydraulic fracturing (fracking) is affecting public policy.
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FERC Strips Transwestern of Negotiated-Rate Power, Orders Refunds, NOI
In a rare flexing of its disciplinary powers, the Federal Energy Regulatory Commission last week suspended for one year the authority of Enron subsidiary Transwestern Pipeline Co. to negotiate rates based on basis differentials and ordered shipper refunds for excess charges, which at times reached 100 times the maximum regulated rate during the California energy crisis in 2000-2001. The Commission also issued a draft notice of inquiry (NOI) into all negotiated-rate transportation deals that are tied to basis differentials.
September 2, 2002
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