Looking beyond rate freezes and charges for strandedinvestments, California regulators Thursday opened the door forgreater retail electric price fluctuations in a decision allowingthe state’s three major investor-owned electric utilities to buyand sell some of their power outside the state-mandated nonprofitpower exchange (Cal-PX).
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Articles from Door
FERC, Kinder Morgan Have Showdown on Order 497 Issues
Top FERC officials will meet in a closed-door session today todiscuss the results of its investigation into whether Kinder MorganInterstate Gas Transmission has properly implemented theCommission-ordered operational restructuring in compliance with themarketing-affiliate standards of Order 497.
Shut The Door! It’s Cold
Anyone who was complaining about a lack of winter likely hasshut up by now, and for good reason. Right on top of the first one,the eastern United States last week was bracing for its second coldsnap of the year.
Prime Gas Storage Site for Sale
Bath Petroleum Storage, Inc. (BPSI), a company operating in aprime Northeast salt cavern storage location, is up for sale.
Colorado Sets Voluntary Retail Unbundling
Gov. Bill Owens recently signed Colorado’s gas deregulationbill, SB99-153, opening the door for voluntary unbundling by thestate’s gas utilities. The question now is how many utilities willwalk through the opening?
Colorado Set for Retail Deregulation
Gov. Bill Owens signed SB99-153 last week, opening the door forvoluntary unbundling by Colorado’s gas utilities. The bill had beenpassed by the state’s House of Representatives then presented tothe Governor May 17.
Small Storage Withdrawal Opens Trap Door on April
The surprisingly small storage withdrawal last week of 69 Bcf,as reported late Wednesday by the American Gas Association, tookthe blame for a 12.1-cent tumble in the April Henry Hub futurescontract yesterday. Most observers were expecting about 110 Bcf tobe withdrawn, so the AGA report was enough to trigger along-awaited correction. Heavy selling sent the front-month Nymexgas futures contract cascading down throughout the day to a low of$1.810 before closing at $1.820.
AGA Moves Headquarters Next Door to Capitol
In an effort to strengthen its ties with regulators, nationalpolicy makers and member companies, the American Gas Association(AGA) announced plans last week to move its headquarters next Marchfrom Arlington, VA, to downtown Washington, D.C. The associationwill take up residence on the fourth floor of the Hall of the Statebuilding’s south tower at 400 N. Capitol Street, which is twoblocks away from the Capitol building and four blocks from FERC.
Gas Reliability Looking Good Compared to Electricity
The recent price spikes and generation outages in the Midwestpower market have opened the door wide for the natural gas industryto capture a greater share of the industrial energy market, says asenior economist.