In the never-ending battle over the boundaries of FERCjurisdiction in the Outer Continental Shelf (OCS), three Shellproduction companies last week petitioned the Commission for aruling to declare they are exempt from the reporting requirementsunder Orders 639 and 639-A.
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Shell Challenges FERC Jurisdiction over OCS Production
In the never-ending battle over the extent of FERC jurisdictionin the Outer Continental Shelf (OCS), three Shell productioncompanies this week petitioned the Commission for an orderdeclaring they are exempt from the reporting requirements underOrder 639 and 639-A.
Bounce Puts Finishing Touches on Price-Positive Week
Ending a two-day slide, natural gas futures snapped back to lifeFriday as traders were drawn back to the long side of the market bysupportive technicals and stronger weekend cash prices. In just itssecond day as the prompt contract, May advanced 7.2 cents to finishat $2.945, just a penny off its high for the day and just 6 centsof its all-time high notched last Tuesday.
FERC Sends ADR Report to Justice Department
FERC approval of a settlement ending a two-year complex contractdispute between Phelps Dodge Corp. and El Paso Natural Gas is themost “recent success story” of the use of alternative disputeresolution (ADR) methods at the Commission.
FERC Sends ADR Report to Justice Department
FERC approval of a settlement ending a two-year complex contractdispute between Phelps Dodge Corp. and El Paso Natural Gas is themost “recent success story” of the use of alternative disputeresolution (ADR) methods at the Commission.
Columbia Buys Pepco’s Share of Cove Point, Plans Imports
Ending a partnership in existence since 1994, Columbia’sliquefied natural gas (LNG) subsidiary, Columbia LNG, bought PepcoEnergy Co.’s 50% interest of the Cove Point LNG facility inMaryland for an undisclosed sum, the companies said last week.Columbia also announced plans to recommission Cove Point’smothballed marine terminal to handle imports for the first time in20 years. The purchase needs Federal Trade Commission approvalunder the Hart-Scott-Rodino Act, and Columbia said it hopes toclose the deal by the end of next month and file forrecommissioning the terminal later next year.
Columbia Buys Pepco’s Share of Cove Point
Ending a partnership in existence since 1994, Columbia’sliquefied natural gas (LNG) subsidiary, Columbia LNG, bought PepcoEnergy Co.’s 50% interest of the Cove Point LNG facility for anundisclosed sum, the companies said yesterday. The purchase needsFederal Trade Commission approval under the Hart-Scott-Rodino Act,and Columbia said it hopes to close the deal by the end of nextmonth.
Bearish Forecast Puts Clamp on Short-Covering
Ending a two-day, 24-cent price slide, natural gas futuresclawed higher yesterday as traders covered shorts ahead of theweekly American Gas Association storage report. However, thatbuying interest came to a sudden halt mid-afternoon Wednesday whenthe National Weather Service issued another bearish weather report.Prices quickly tumbled lower into closing bell, trimming profitsfrom more than a nickel to 1.5 cents before settling at $2.657.
EEI: New Record Electric Output Set
As high temperatures and humidity pushed heat indexes into thetriple digits, electric output for the week ending July 24 reached81,144 gigawatt hours (GWh), surpassing the previous record of80,335 GWh set last August, according to data collected by theEdison Electric Institute.
Performance-Based Rates Approved for SDG&E
With the advent of ending its electricity rate freeze thissummer and moving to a more volatile pricing environment, San DiegoGas and Electric Co. was given a new incentive rate mechanism todetermine its future utility revenue needs by California regulatorslast week. Current rates will not change because of the new”performance-based ratemaking” (PBR) system, but the system will beused the next time the regulators review SDG&E’s performance.