Canada’s fledgling coalbed methane production is rapidly maturing into an industry force, with a new forecast by the Alberta Energy and Utilities Board projecting 25-fold growth over the next 10 years.
Fledgling
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Jury Selection in Enron Broadband Case Begins
Jury selection began Monday in the upcoming trial of five former Enron Corp. executives who are accused of lying to make the company’s fledgling broadband business appear successful. The former Enron Broadband Systems (EBS) employees face 170 counts of conspiracy, wire and securities fraud, insider trading and money laundering.
CA Power Authority Pushes for New Gas, Green Power Plants
California’s fledgling Consumer Power and Conservation Financing Authority (power authority) last week continued its breakneck start-up, announcing its pursuit of various gas-fired and renewable power generation projects that are aimed at giving the state another 3,000 MW online by next summer. In addition, the power authority said it has posted on its web site (www.capowerauthority.ca.gov) a draft request for bids for microturbine, solar and fuel cell projects.
PanCanadian Find Could Boost Sable Output
The next growth step for Atlantic Canada’s fledgling natural gasindustry has popped up on the horizon in the form of a discoverywith potential to double offshore production and exports to NewEngland. Offshore of Nova Scotia, PanCanadian Petroleum Ltd.expects to know by the end of this year the true size of a gas findin the Sable Island region that it has christened Deep Panuke.
PanCanadian Find Could Nearly Double Sable Output
The next growth step for Atlantic Canada’s fledgling natural-gasindustry has popped up on the horizon, in the form of a discoverywith potential to double offshore production and exports to NewEngland. Offshore of Nova Scotia, PanCanadian Petroleum Ltd.expects to know by the end of this year the true size of a gas findin the Sable Island region that it has christened Deep Panuke.
New Tax Could Kill Choice in NY, NEMA Says
A new administrative decision subjecting transportation ofelectricity to New York’s sales tax has the potential to underminethe state’s fledgling efforts to restructure its retail powermarkets, says the head of a trade group representing energymarketers and other suppliers.
Late Bidweek Softness Continues Into Aftermarket
The softening trend that developed about halfway through bidweekcarried over to the fledgling August aftermarket. In swing dealsdone Friday for the weekend, quotes at nearly all points were downseveral cents from index levels and often near the bottom end ofbidweek ranges.