Among a growing minority of healthy major energy sector players, San Diego-based Sempra Energy received a positive response from Standard & Poor’s Rating Service Wednesday to its announcement earlier in the week that it has established an equity fund unit to seek partners in buying presumably bargain-priced energy assets.
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CPUC Establishes New Economic Development Unit
An economic development unit, or “economic conscience” has been added to the California Public Utilities Commission, pushed by anxious state officials who are wrestling with a $35 billion budget deficit and a stagnated economy. Regulation in the energy, water and telecommunications sectors is viewed as a key to economic recovery by both California’s governor and the former utility executive/economist he picked to head the CPUC this year.
May 5, 2003
Producer Loan Bill Signed by President
President Clinton last week signed a bill into law thatestablishes a multi-million dollar federal loan-guarantee programto help independent oil and natural gas producers recover from theeffects of depressed crude oil prices. The measure was passed bythe House earlier this month, and approved by the Senate in June.
August 23, 1999
Mexico Establishes Another Distribution Zone
Mexico’s energy regulatory commission (CRE) created thePuebla-Tlaxcala geographic zone for gas distribution. The zonecovers 51 municipalities in the two states. An investment of about$50 million is expected to develop the project, and Gaz de Francehas expressed an interest.
August 20, 1999
Producer Loan Bill Signed by President
President Clinton signed into law this week a bill thatestablishes a multimillion dollar federal loan-guarantee program tohelp independent oil and natural gas producers recover from theeffects of depressed crude oil prices. The measure was passed bythe House earlier this month, and approved by the Senate in June.
August 20, 1999
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