Encourage

In the story, “Report Recommends States Encourage Use of Long-Term Gas Contracts,” which appears in Tuesday’s Daily GPI, Donald L. Mason, chairman of the Gas Committee of the National Association of Regulatory Utility Commissioners, should have been identified as a commissioner with the Ohio Public Utilities Commission.

Hailing Thursday’s decision by the California Public Utilities Commission (CPUC) to, among other things, encourage more state access to less expensive Rocky Mountain gas supplies (see Daily GPI, Sept. 3), Kern River announced Friday that Southern California Gas had received approval from the CPUC to provide an additional 50 MMcf/d of capacity at the Kramer Junction receipt point, to be effective with Timely cycle nominations for Saturday’s gas day. “Kern River has fought long and hard to gain access to [SoCal] gas markets for its customers and the first victory is finally here,” the pipeline said. “Although there is still more that needs to be done, SoCal also estimates that it will implement the new North Desert Transmission Zone (NDTZ) allocation methodology before Oct. 1, 2004. In its filing to the CPUC, SoCal defined the NDTZ as being comprised of Topock, North Needles, Southern Trails and Kramer Junction, with a maximum receipt point operational capacity of 1.59 Bcf/d. For the Timely and Evening cycles, SoCal will set the operational capacities at the NDTZ receipt points to the maximum quantities defined in their filing, which for Kramer Junction is 500 MMcf/d.” See the Kern River bulletin board for further details.

ChevronTexaco CEO Dave O’Reilly said it’s time for the United States to “get real about energy,” and encourage responsible development in remote or inaccessible regions like the Outer Continental Shelf, Alaska and the Rocky Mountain states.

To ensure its longevity and encourage more exploration, a commercial discovery offshore Nova Scotia needs to happen soon, Shell Canada’s CEO said on Thursday.

To ensure its longevity and encourage more exploration, a commercial discovery offshore Nova Scotia needs to happen soon, Shell Canada’s CEO said on Thursday.

With significant regulatory, financial and tax-related incentives designed to encourage development of renewable energy, an increasing number of wind power projects are being announced this year, including three new projects last week.

With an upbeat conference call and better-than-expected earnings for the first quarter, Dynegy Inc. swung to a profit for the first time in over a year, and further encouraged investors that it now expects to surpass 2003 guidance. The sector-leading stock soared on the day of its earnings announcement, with more than 34 million shares exchanging hands, sending Dynegy up 25% in one day to close higher than it had closed since last July.

New energy legislation introduced in British Columbia is expected to save money and improve services for the province’s industry and customers, Energy and Mines Minister Richard Neufeld said Thursday.

The Interior Department’s Minerals Management Service (MMS) has proposed incentives to encourage deep-gas production in shallow waters as part of its upcoming Lease Sale 184 in the western Gulf of Mexico, which has been scheduled tentatively for Aug. 21 in New Orleans. This will be the agency’s first scheduled sale under its current five-year leasing program (2002-2007).