Canada’s northern pipeline sponsors did not answer the big question raised by the project’s recent mammoth cost increase, but they earlier disclosed where to look for clues. Can the Mackenzie Gas Project (MGP) be built for its new price tag of C$16.2 billion (US$13.7 billion)?
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Duke Energy on Friday disclosed that it is in discussions to take on a partner to expand Crescent Resources, its real estate development business. Duke’s board of directors has authorized management to explore the creation of a joint venture with an undisclosed potential partner.
Gulfstream Natural Gas System has disclosed it is working on two new expansion projects to take capacity of its line from 1.1 million Dth/d to at least 1.25 million Dth/d. The projects would cost about $135 million and $100 million. Beyond a short financial disclosure notice on its electronic bulletin board (EBB), however, the company is not yet discussing details of the projects.
Duke Power last Wednesday disclosed that it has filed preliminary information with the North Carolina Utilities Commission (NCUC) outlining possible plans to add two new 800 MW generating units at its existing Cliffside Steam Station in Rutherford and Cleveland Counties and a 600 MW natural gas and oil-fueled, combined cycle unit at the company’s Buck Steam Station in Rowan County.
Virginia’s leading electric utilities disclosed last Thursday that they have formed a consortium to explore the development of an approximately $1 billion coal-fired electric power station in southwestern Virginia.
American Electric Power (AEP) last Thursday disclosed that it has asked PJM Interconnection to evaluate transmission interconnection feasibility for three potential sites being considered by AEP for a commercial-scale Integrated Gasification Combined Cycle (IGCC) clean-coal power plant, the first of its size in the country.
Charles Fox, deputy chief of staff for New York Gov. George Pataki, last Thursday disclosed that the state will soon issue regulations detailing the framework on how to site liquefied natural gas (LNG) facilities in the Empire State.
Charles Fox, deputy chief of staff for New York Gov. George Pataki, on Thursday disclosed that the state will soon issue regulations detailing the framework on how to site liquefied natural gas (LNG) facilities in the Empire State.
Dominion signed an agreement to sell 100% of its Dominion Telecom unit to a subsidiary of Elantic Networks Inc. Terms of the transaction were not disclosed. However, Dominion expects to take a loss of up to $30 million related to the sale, which is expected to close in the second quarter. The sale is subject to review or approval by the Federal Communications Commission and regulators in 11 states.
London-based International Power, which owns more than 4,000 MW of power assets in the U.S., last week disclosed that it is considering mothballing some of its U.S. operational capacity. If the company follows through with such a move, it would follow similar decisions made by numerous other power companies in recent months.