In a story published May 3, “San Bruno Settlement Talks Break Down, PG&E CEO Says” (see Daily GPI, May 3), the fifth paragraph was incorrect. That paragraph should read: CFO Kent Harvey said PG&E would “continue to expect to need roughly $1-1.2 billion of equity for the year, excluding any fines or penalties beyond the $200 million we’ve already accrued. Of that, we issued about $430 million in 1Q2013.” NGI regrets the error.
Articles from Fifth
Over the last two years nearly 70% of the new power generation plants proposed for the 13-state PJM Interconnection electric grid, which centers on the Marcellus and Utica Shales, would be fired by natural gas.
Mid-Atlantic power generators Thursday opposed a suggestion that generators be mandated to commit to firm pipeline capacity for the delivery of natural gas. At the fifth and final technical conference on the coordination of natural gas and power markets, some generators also said they viewed shale gas as a doubled-edged sword for the Mid-Atlantic region, supplying it with abundant, low-cost supplies while at the same time putting pressure on an already over-taxed pipeline infrastructure.
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit voted 2-1 on Monday to vacate the Environmental Protection Agency’s (EPA) disapproval of the Texas Commission on Environmental Quality’s (TCEQ) Flexible Permits Program.
The tables are turning in the natural gas trade between Canada and the United States as U.S. exporters establish a growth trend. Pipeline deliveries of U.S. gas into Canada set a fifth consecutive annual record last year, according to the latest traffic count by the U.S. Department of Energy.
The tables are turning in the natural gas trade between Canada and the United States as U.S. pipeline exports into Canada set a fifth consecutive annual record last year, according to the latest traffic count by the U.S. Department of Energy (DOE).
Idaho regulators approved a 4.5% rate decrease for Intermountain Gas Co., underscoring the continuing decline in wholesale natural gas prices. It represents the fifth consecutive rate decrease for the MDU Resources Group gas-only utility. The Idaho Public Utilities Commission (PUC) cited various reasons for the continuing slide in retail rates, including abundant domestic supplies, pipeline capacity, record quantities of stored gas and the absence of natural disasters interrupting supply deliveries. Intermountain’s rates for supply and transportation of gas dropped from 45.35 cents/therm to 41.8 cents/therm.
February natural gas posted its fifth consecutive decline for the week and posted a new 28-month low Friday as traders noted greater confidence in longer-term weather models showing a strong warming trend toward the end of the month. At the close February had dropped 2.7 cents to $2.670 and March had fallen 2.4 cents to $2.713. February crude oil retreated 40 cents to $98.70/bbl.
Devon Energy Corp. said increased production and higher prices for natural gas liquids (NGLs) helped the company earn $1 billion during 3Q2011 as it continues to look for a joint venture (JV) partner to help develop five of its emerging assets.