Ditch

In a last-ditch effort the state of Maryland Tuesday asked FERC to withhold approval of the controversial AES Sparrows Point liquefied natural gas (LNG) terminal and associated Mid-Atlantic Express pipeline until the concerns of state and local governments are fully addressed. The Federal Energy Regulatory Commission is scheduled to decide on whether to issue the project a certificate at its monthly meeting Thursday.

In a last ditch effort to prevent Friday’s scheduled oil and natural gas lease auction, environmental groups Wednesday sued the Interior Department to prevent the Bureau of Land Management (BLM) from auctioning drilling rights in eastern Utah.

Ten environmental groups have filed a lawsuit in U.S. District Court in Denver in a last-ditch effort to block new natural gas leasing on Colorado’s Roan Plateau until federal officials evaluate alternative ways to develop the region’s energy resources.

Ten environmental groups filed a lawsuit in U.S. District Court in Denver Friday in a last-ditch effort to block new natural gas leasing on Colorado’s Roan Plateau until federal officials evaluate alternative ways to develop the region’s energy resources.

BP plc decided last week to ditch its dense business organization to zero in on its main businesses: the upstream and the downstream.

In a last ditch effort to keep prices above the longterm trendline, bulls in the gas pit at Nymex battled back yesterday,propelling April prices higher throughout the morning hours. As itturns out, that buying pressure would not be tested, and from thatpoint forward prices chopped sideways throughout the afternoon.With that, the April 2001 contract concluded its first session asprompt month with a neat, 18.2-cent gain to finish at $5.279.

Marketers are making a last-ditch attempt at establishing abeachhead for fair and open competition in the retail energy marketin Massachusetts. They lost a battle earlier this year whenregulators voted to allow utilities to assign portions of upstreamgas transportation and storage capacity to customers who wereseeking alternative suppliers. Marketers now hope they can persuaderegulators to establish a set of minimum standards for utilitytransportation service, not only for the retail customer, but alsofor the new utility customer, i.e., the retail marketer, as well.

Marketers are making a last-ditch attempt at establishing abeachhead for fair and open competition in the retail energy marketin Massachusetts. They lost a battle earlier this year whenregulators voted to allow utilities to assign portions of upstreamgas transportation and storage capacity to customers who wereseeking alternative suppliers. Marketers now hope they can persuaderegulators to establish a set of minimum standards for utilitytransportation service, not only for the retail customer, but alsofor the new utility customer, i.e., the retail marketer, as well.

Among the more notable sacrifices being made to get KN Energy “out of the ditch” and back down the highway are the decisions by Richard Kinder and William Morgan to work for annual salaries of $1 with no bonuses. They will become the two largest shareholders of the new company once the merger of Kinder Morgan and KN is completed. They also will be the top two executives.