Edison

Con Edison Paying $975M For Stake in Crestwood Midstream Assets

Con Edison Paying $975M For Stake in Crestwood Midstream Assets

Crestwood Equity Partners LP and Consolidated Edison Inc. announced Thursday a joint venture (JV) in which Crestwood would contribute its natural gas pipeline and storage business in Northern Pennsylvania and Southern New York to a new company that will pair Marcellus Shale gas with high-demand markets in the Northeast.

April 22, 2016
Con Edison Paying $975M For Stake in Crestwood Midstream Assets

Con Edison Paying $975M For Stake in Crestwood Midstream Assets

Crestwood Equity Partners LP and Consolidated Edison Inc. announced Thursday a joint venture (JV) in which Crestwood would contribute its natural gas pipeline and storage business in Northern Pennsylvania and Southern New York to a new company that will pair Marcellus Shale gas with high-demand markets in the Northeast.

April 22, 2016

Edison International Bids to Spread Energy Wings Again

After divesting a merchant power unit and shutting down a major nuclear power plant in recent years, Rosemead, CA-based Edison International (EI) on Tuesday launched a growth initiative, introducing a broad-based non-utility energy business that carries implications for the natural gas industry.

April 4, 2016
MVP, Con Edison Strike 20-Year Deal For 250,000 Dth/d

MVP, Con Edison Strike 20-Year Deal For 250,000 Dth/d

Mountain Valley Pipeline LLC (MVP) and Consolidated Edison Inc. (Con Edison) announced Friday a pair of 20-year transportation agreements for the New York-based gas and electric utility to move 250,000 Dth/d on MVP and the connected Equitrans system operated by EQT Midstream Partners LP.

January 26, 2016

Flexible NatGas Generation Said Key to California Utility Changes

Natural gas prices and flexible gas-fired power generation are two keys to California’s attempt to deal with the impact of more renewable-based and decentralized power supplies, according to the CEOs of Pacific Gas & Electric Co. (PG&E) and Southern California Edison Co. (SCE).

October 3, 2013

SoCal Edison, Mitsubishi Unit at War Over Nuke Plant Closure

Southern California Edison Co. (SCE) and Mitsubishi Heavy Industries (MHI) have gone to war over failed steam generators from the Japanese industrial titan that caused the closure in June of SCE’s San Onofre Nuclear Generating Station (SONGS) along the Pacific Coast in north San Diego County.

August 5, 2013

Oil, Gas Sector Silent on McCarthy Confirmation

Environmental groups, the Edison Electric Institute and large natural gas end-users were quick to commend the Senate’s confirmation Thursday of Gina McCarthy as head the Environmental Protection Agency (EPA), but oil and natural gas companies were apparently following the rule, “if you can’t say anything nice, don’t say anything at all.”

July 19, 2013

California Power Capacity Seen as Adequate; New Gas Plants In the Wings

With continued uncertainty over whether a large nuclear generation plant will ever return to service, Southern California Edison Co. (SCE) officials on Friday said summer power supplies will be adequate throughout Southern California. Up to three new or upgraded natural gas-fired plants in the region. totaling more than 1,800 MW, are due to start operations by the end of summer, they said

May 29, 2013

California Deemphasizes NatGas in Utility’s Plans

California regulators on Wednesday approved a long-term plan for Southern California Edison Co.’s (SCE) future sources of electricity, which deemphasizes the use of natural gas.

February 14, 2013

Industry Brief

Southern California Edison Co. (SCE) plans to eliminate nearly one-third of the staff at its troubled San Onofre Nuclear Generating Station (Songs) along the Pacific Coast in the northern-most end of San Diego County, CA. The staff reductions had already been articulated in SCE’s pending general rate case, but with the two 2,200 MW Songs units out of service since January, the move is sure to spark more speculation about the long-term future of the plant. Both units have turned up excessive wear in part of the tubing on newly installed steam generators on both units (see Daily GPI, Feb. 7). The length of the outage has caused a re-emphasis on natural gas-fired generation in a state, which already relies on gas-fired power for the bulk of its in-state generation (see Daily GPI, Aug. 14). As part of the explanation for the staff reduction to 1,500 from the current levels above 2,100 positions, a utility spokesperson said the Songs steam generator issues “require SCE be prudent with its future spending while [the utility] and regulators review the long-term viability of the nuclear plant. The reality is that the Unit 3 reactor will not be operating for some time.”

August 22, 2012