Drawing

Nevada Utilities Take Earnings Hit

Although Nevada utilities took in stride all-time record peakelectric demand last week, drawing on a diverse supply portfoliothat includes about one-third purchased power deals under long-termfixed-prices, the major energy holding company, Sierra PacificResources, reported a $20.2 million net loss for the second quarterended June 30. The red ink was attributed to $70 million ofunanticipated fuel and purchased power price increases that werereported by the company last month.

August 9, 2000

Dominion Resources, CNG Told to Widen Order 497 Scope

FERC has sent Dominion Resources and its merged partner,Consolidated Natural Gas (CNG), back to the drawing board to expandthe scope of the pipeline marketing affiliate rule to apply to allenergy affiliates within their corporate family.

May 29, 2000

Dominion, CNG Told to Extend Order 497 Scope

FERC sent Dominion Resources and its merged partner,Consolidated Natural Gas (CNG), back to the drawing board last weekto expand the scope of the pipeline marketing-affiliate rule toapply to all energy affiliates within their corporate family. Thisaction is in keeping with the Commission’s crackdown on abusesbetween pipelines and affiliates.

May 23, 2000

Sector Shift Drawing Investors From Energy

Those bemoaning the lackluster performance of integrated gas andutility stocks can blame their woes, at least in part, on theInternet and the technology revolution, according to one analyst.Prudential Securities’ Carol Coale said investors have beenshifting their attention, and their dollars, from the “old economy”to a new one. “Whether it’s Internet or high-tech, we’re seeing amajor sector shift,” she told NGI. Also to blame, Coale said in aPrudential research note, is bearish gas market sentiment.

December 27, 1999

Sector Shift Drawing Investors From Energy

Those bemoaning the lackluster performance of integrated gas andutility stocks can blame their woes, at least in part, on theInternet and the technology revolution, according to one analyst.Prudential Securities’ Carol Coale said investors have beenshifting their attention, and their dollars, from the “old economy”to a new one. “Whether it’s Internet or high-tech, we’re seeing amajor sector shift,” she told Daily GPI. Also to blame, Coale saidin a Prudential research note, is bearish gas market sentiment.

December 22, 1999

Natural’s Auction Fixes Under Attack

Producers and marketers have asked FERC to send Natural GasPipeline Co. of America (NGPL) back to the drawing board to makethe changes to its auction tariff procedures that were ordered bythe Commission.

December 1, 1999

Go Back to Drawing Board on OCS NOPR, FERC Told

Neither the interstate pipelines nor gas producers wereparticularly enamored with FERC’s latest attempt to create a morebalanced, lighter-handed system for regulating gas pipelines on theOuter Continental Shelf (OCS). They both agree the Commission fellshort of its goal in the July proposed rulemaking.

August 30, 1999

Go Back to Drawing Board on OCS NOPR, FERC Told

Neither the interstate pipelines nor gas producers wereparticularly enamored of FERC’s latest attempt to create a morebalanced, lighter-handed system for regulating gas pipelines on theOuter Continental Shelf (OCS). They both agree the Commission fellshort of its goal in the July proposed rulemaking.

August 30, 1999

Midwest Pipeline Picture Shaping Up as Vector Takes Checkered Flag

FERC sent one major Midwest-to-Northeast pipeline project backto the drawing board last week but gave another competing project afinal green light. The $447 million Vector Pipeline emergedvictorious, receiving FERC’s final approval and a presidentialpermit in a draft order, while the $400 million TriState Pipelinewas told it must redesign the pipeline-lease portion of itsproposal to get FERC’s rubber stamp.

May 31, 1999

Nova Scotia Drawing Significant Exploration Dollars

The Canadian-Nova Scotia Offshore Petroleum Board and the NovaScotia Petroleum Directorate awarded 19 offshore Nova Scotiaexploration licenses and three onshore licenses yesterday for atotal of C$592 million, the largest investment in petroleumexploration ever made in Nova Scotia.

May 5, 1999