More fallout from the Enron meltdown surfaced last Wednesday as Democratic Reps. John Dingell (MI) and Ed Markey (MA) asked the Securities and Exchange Commission (SEC) to reconsider its support for the repeal of the Public Utility Holding Company Act of 1935 (PUHCA), “as well as its permissive administration of the act.” In addition, the two leading Democrats on the House Energy and Commerce Committee sought SEC support for the removal of a provision in pending electric restructuring legislation that would allow a PUHCA-registered holding company to use one of its subsidiaries to operate its own unregistered and unregulated investment company.
Easing
Articles from Easing
EPRI Identifies Short-Term Actions to Blunt Blackouts
Easing restrictions on backup emergency generators and implementing real-time and time-of-use pricing for all customers with electric demands that exceed 200 kW are steps the Electric Power Research Institute (EPRI) says need to be taken immediately, along with a host of other short-term actions, in order to mitigate the impact of blackouts and reduce the likelihood of a widespread power outage in the West over the next two summers.
Calpine to Build 1,100 MW in Northern California
With electricity woes in California continuing to grow inseverity, Calpine Corp. is in the process of easing the strain inthe long term as it considers plans to develop and operate an 1,100MW natural gas-fired electric generating facility in AlamedaCounty, CA.
Calpine to Build 1,100 MW in Northern California
With electricity woes in California continuing to grow inseverity, Calpine Corp. is in the process of easing the strain inthe long term as it considers plans to develop and operate an 1,100MW natural gas-fired electric generating facility in AlamedaCounty, CA.
Profit Taking Stems Futures Rally; Weather Outlook Bullish
Amid easing tensions in the Middle East and a price pullback inthe nearby crude oil trading pit, natural gas futures were softerFriday, as traders elected to take profits following last week’salmost 80-cent rally. The November contract finished at $5.537,down 9.3 cents on the day, and 24.3 cents off Thursday’s pricepeak.
In Concert with Oil, Gas Futures Funnel Lower into Bidweek
Amid easing concerns over a heating oil crisis this winter andsofter crude oil prices, natural gas futures were lower for thethird session in a row Friday as longs headed for the exits aheadof the weekend.
TIPRO Provides On-Line Job Bank
Aiming at easing the personal pain involved in the oil and gasindustry downturn, the Texas Independent Producers & RoyaltyOwners Association (TIPRO) has instituted an Oil and Gas Job Bankat its website www.energyconnect.com.
Easing of FERC Ex Parte Rules Proposed
FERC last week proposed changes that would lead in certaininstances to a less restrictive policy for off-the-recordcommunications between the agency and those outside of it,particularly with respect to staff communications while conductingenvironmental investigations.