In the largest natural gas safety-related settlement in New York history, Consolidated Edison agreed Thursday to pay $153 million for damages related to an explosion in 2014 that killed eight people and destroyed two buildings.
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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.
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.
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.
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.
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).
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.
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.”
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
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.