In the simmering federal-state fight over liquefied natural gas (LNG) siting jurisdiction, California Gov. Arnold Schwarzenegger weighed in earlier this month by writing to U.S. Senate energy committee leaders, urging that they not preempt state jurisdiction.
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Kerr-McGee Reaches Detente in Proxy Fight with Icahn Group
Kerr-McGee Corp. appears to have convinced financier Carl Icahn and his associates to end a proxy fight, but the settlement announced Thursday came at a steep price. The producer said it will buy back $4 billion worth of stock at an all-time high, and announced a plan to sell off “select” U.S. onshore, Gulf of Mexico and North Sea assets, which represent 20-25% of current production and 10-15% of proved reserves.
CenterPoint Ready to Take Fight Over Texas True Up Decision to Courts
If push comes to shove, CenterPoint Energy Inc. said it is ready to go all the way up to the Texas Supreme Court in challenging a Public Utilities Commission of Texas (PUCT) decision that the company will only be allowed to recover $2.3 billion of the $4.25 billion it requested in stranded costs and interest in the final adjustment or “true-up” of costs associated with the transition to retail competition.
LNG Legal Collision Speeds Ahead in California
With the jurisdictional fight still unresolved in a pending federal court case, proponents of a liquefied natural gas (LNG) receiving terminal in Long Beach Harbor and California regulators continued last week to move closer to an eventual head-on legal collision. State regulators are moving ahead with a formal regulatory proceeding, and Mitsubishi Corp.’s Sound Energy Solutions (SES) is refusing to participate until the jurisdictional question is resolved.
LNG Legal Collision Speeds Ahead in California
With the jurisdictional fight still unresolved in a pending federal court case, proponents of a liquefied natural gas (LNG) receiving terminal in Long Beach Harbor and California regulators continued this week to move closer to an eventual head-on legal collision. State regulators are moving ahead with a formal regulatory proceeding, and Mitsubishi Corp.’s Sound Energy Solutions (SES) is refusing to participate until the jurisdictional question is resolved.
CPUC Weighs Options on LNG Jurisdictional Fight
Attorneys for the California Public Utilities Commission (CPUC) indicated last week that they are reviewing FERC’s denial of rehearing of its decision in the Sound Energy Solution (SES) liquefied natural gas (LNG) terminal proposed for the Port of Long Beach, CA. FERC asserted exclusive federal jurisdiction over the proposed LNG receiving terminal (see NGI, June 14, May 24, May 3, April 26). The CPUC has 60 days to make a federal district court filing on the issue.
CPUC Weighs Options on LNG Jurisdictional Fight
Attorneys for the California Public Utilities Commission (CPUC) indicated Monday that they are reviewing FERC’s denial of rehearing of its decision in the Sound Energy Solution (SES) liquefied natural gas (LNG) terminal proposed for the Port of Long Beach, CA. FERC asserted exclusive federal jurisdiction over the proposed LNG receiving terminal (see Daily GPI, June 14). The CPUC has 60 days to make a federal district court filing on the issue.
Long Beach LNG Proponents Challenge CPUC Order for Investigation, ‘Utility’ Status
Undaunted by the jurisdictional fight between California and FERC over the siting of liquefied natural gas (LNG) facilities, the lead executive for Mitsubishi Corp.’s efforts to build a LNG terminal in Long Beach Harbor said Wednesday that his firm is pushing ahead with environmental reviews at the federal agency after filing last week for a rehearing of a state regulators’ attempt in April to force the project under state regulatory oversight as a “public utility.”
Tennessee Replacement Shippers Fight Against Second-Class Status
Tennessee Gas Pipeline has come under fire at FERC for a proposed tariff filing that would allow the pipe to terminate a replacement shipper’s capacity contract if the original shipper who released the capacity was found to be a credit risk and its contract dissolved. Tennessee could then subject the replacement shipper’s capacity to open-season bidding by other potential shippers.
PG&E, Bankrupt Merchant Unit Face Potential Legal Fight
As it approaches a clean legal and financial divorce from its second and most recent Chapter 11 bankrupt business unit, PG&E Corp., San Francisco, indicated Tuesday it could become embroiled in a federal court dispute over alleged “shared tax benefits” due the now-bankruptcy-mired PG&E National Energy Group (NEG). Several hundred million dollars could be at stake, according to PG&E holding company officials.