Dozen

Over the next dozen years natural gas prices will average $3.50-60, given $22-$28/bbl oil, according to a base case scenario developed by the New York-based PIRA Energy Group as part of its just-released, in-depth study of the global oil and regional natural gas markets.

Over the next dozen years natural gas prices will average $3.50-60, given $22-$28/bbl oil, according to a base case scenario developed by the New York-based PIRA Energy Group as part of its just-released, in-depth study of the global oil and regional natural gas markets.

More than a dozen Pennsylvania-based municipalities last month slapped PPL Corp. with a lawsuit asserting that the electric utility pushed up power prices in the state’s electricity markets. PPL sent letters to several of the municipalities prior to the lawsuit seeking to convince them that there was no need to participate in the legal action.

NRG Energy and more than a dozen lenders will continue talks tied to NRG’s efforts to meet a $1.3 billion collateral payment and a related plan developed by the financially wounded unit of Xcel Energy to raise much needed funds.

Sen. Dianne Feinstein (D-CA) and about a half a dozen other senators plan to soon introduce a “modified” version of her amendment to re-regulate the trading of over-the-counter (OTC) energy derivatives, a spokesman for her office said Monday. This marks the second time that Feinstein’s controversial measure to the Senate omnibus energy bill (S. 517) has been revised.

A group of several dozen moderate and conservative Democrats in the House of Representatives last week unveiled a package of energy proposals that, among other things, calls for the immediate construction of a pipeline to bring Alaskan North Slope gas to markets in the United States and the creation of an energy reliability organization to help facilitate the possible role of regional transmission organizations (RTOs) in dealing with regional electricity transmission issues.

A group of several dozen moderate and conservative Democrats in the House of Representatives this week unveiled a package of energy proposals that, among other things, calls for the immediate construction of a pipeline to bring Alaskan North Slope gas to markets in the United States and the creation of an energy reliability organization to help facilitate the possible role of regional transmission organizations (RTOs) in dealing with regional electricity transmission issues.

FERC’s plan to impose a (price and volume) reporting requirement on transporters and sellers into the California natural gas market (RM01-9) has drawn mixed reactions from industry, but most agree that the Commission was pressed by Congress to take this action.

Representatives from a dozen merchant generators met with California Gov. Gray Davis for four hours late Wednesday in discusssions that one participant characterized as “cordial and candid,” but the result only reinforced differences between the state and electricity suppliers, whom the governor has characterized as “gougers.” The only clear agreement among the participants was to maintain daily contact with the governor and his staff to keep a dialogue going.