San Diego-based Sempra Energy CEO Debra Reed, 56, has been elected chairman of the energy holding company to replace Donald Felsinger, 65, who retires at the end November after 40 years. Reed was named CEO last year and has worked for Sempra companies for the past 34 years (see Daily GPI, June 29, 2011). She previously worked for Sempra’s Southern California Gas Co. utility.
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U.S. Drillers Need LNG Exports, Dominion Exec Says
The clock is ticking for the United States to begin exporting liquefied natural gas (LNG) before competitors corner the growing global market, according to Donald Raikes, vice president of Dominion Transmission Inc., one of the companies seeking permission to export shale gas.
LNG Exports Necessary to Keep Producers Drilling, Dominion Says
The clock is ticking for the United States to begin exporting liquefied natural gas (LNG) before competitors corner the growing global market, according to Donald Raikes, vice president of Dominion Transmission Inc., one of the companies seeking permission to export shale gas.
Dominion: Time Running Out for Exports
The clock is ticking for the United States to begin exporting liquefied natural gas (LNG) before competitors corner the growing global market, according to Donald Raikes, vice president of Dominion Transmission Inc., one of the companies seeking permission to export shale gas.
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Sempra Energy named a new CEO, Debra Reed, 55, more than a year in advance of CEO Donald Felsinger’s mandatory retirement at age 65 late next year. A 33-year employee with the Sempra companies, Reed was also added to the board of directors where Felsinger will continue as executive chairman until his retirement. Sempra COO Neal Schmale will remain in his current role until his planned retirement later this year. Felsinger said the Sempra board early on identified Reed as a top candidate to succeed him, and with all of the business units “performing well financially, we felt the timing was ideal to begin our transition to a new generation of leadership at the company.” Reed had been executive vice president since April last year and was CEO of the Sempra California utilities before that. She is an engineering graduate from the University of Southern California in Los Angeles and began her career as a systems engineer with Sempra’s Southern California Gas Co. utility.
Sempra to Exit Trading by August, Profits Drop
Sempra Energy’s once-lucrative joint venture commodities business with the Royal Bank of Scotland, RBS Sempra Commodities, should be dissolved by the end of August, CEO Donald Felsinger said Tuesday while the company reported greatly reduced earnings for the first quarter. The exit from trading and a one-time earnings hit from a settlement with California state entities contributed to the earnings decline.
Energy Group: Eastern GOM Drilling Wouldn’t Harm Military
Previous claims by former Secretary of Defense Donald Rumsfeld and others that oil and gas exploration and development activity in the eastern Gulf of Mexico (GOM) would harm military training and readiness “were premature and based on incomplete information,” a recent report by energy industry group Securing America’s Future Energy (SAFE) maintains.
Energy Group: Eastern GOM Drilling Wouldn’t Harm Military
Previous claims by former Secretary of Defense Donald Rumsfeld and others that oil and gas exploration and development activity in the eastern Gulf of Mexico (GOM) would harm military training and readiness “were premature and based on incomplete information,” a recent report by energy industry group Securing America’s Future Energy (SAFE) maintains.
Energy Group: Eastern GOM Drilling Wouldn’t Harm Military
Previous claims by former Secretary of Defense Donald Rumsfeld and others that oil and gas exploration and development activity in the eastern Gulf of Mexico (GOM) would harm military training and readiness “were premature and based on incomplete information,” a recent report by energy industry group Securing America’s Future Energy (SAFE) maintains.
Rhode Island Enacts Law Banning LNG Traffic in State Waters
Rhode Island Gov. Donald L. Carcieri has signed into law a bill that would prevent tankers carrying liquefied natural gas (LNG) from using the state’s waters to deliver the chilled fuel to the proposed Weaver’s Cove LNG import terminal in Fall River, MA.