The longer the period of low natural gas prices drags on, the more value is added to existing fossil fuel generation plants, Edison International CEO Ted Craver told a financial analysts at the Sanford C. Bernstein & Co. Strategic Decisions Conference. Craver acknowledged that he is struggling to add value to Edison’s independent power producer, Edison Mission Group (EMG).
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Tennessee Gets Go-Ahead to Redefine Pooling for Shale
FERC has approved Tennessee Gas Pipeline’s proposed changes to its pooling points to accommodate greater natural gas supplies coming from the Marcellus and Haynesville shale formations and the Rocky Mountain region.
DRBC Given Ultimatum on Shale Gas Drilling
A coalition of 17 House lawmakers led by Rep. Maurice Hinchey (D-NY) has called on the Delaware River Basin Commission (DRBC) to conduct an environmental impact study (EIS) on new shale gas drilling in the basin or face legal action.
Transportation Notes
ANR began repairs Tuesday at its Portland (IN) Compressor Station in the Northern Fuel Segment (ML-7), which are limiting Defiance South-CTFP northbound capacity by 190 MMcf/d, leaving 919 MMcf/d available through Friday. Based on current nominations, it is anticipated that the reduction may result in the curtailment of IT and Firm Secondary nominations, ANR said.
More Gas Demand ‘Not That Far Off,’ Says Investment Bank
Natural gas will play a central role as more than just a “bridge fuel” in a lengthy transition to renewable energy, said Calgary-based AltaCorp. Capital Inc. in a new report. In fact, “we believe it will become the largest source of energy on the planet,” wrote the investment banking firm’s John Mawdsley.
More Gas Demand ‘Not That Far Off,’ Says Investment Bank
Natural gas will play a central role as more than just a “bridge fuel” in a lengthy transition to renewable energy, said Calgary-based AltaCorp. Capital Inc. in a new report. In fact, “we believe it will become the largest source of energy on the planet,” wrote the investment banking firm’s John Mawdsley.
Billions for New Gas Plants Needed, Calpine CEO Says
The U.S. energy system is now dependent for more than 230,000 MW of power from fossil fuel-fired generation plants that are 40 or more years old, and that represents a $165 billion opportunity for newer, more efficient electric generation plants over the next five years, many of which could be fired by natural gas, Calpine Corp. CEO Jack Fusco told analysts last month at the independent power plant operator’s annual financial conference in Houston.
National Fuel Gas Sees Marcellus Ramp-Up in 2012
National Fuel Gas (NFG) continues to bet more chips on the Marcellus Shale.
Billions Needed for New Gas Power Plants, Calpine CEO Says
The U.S. energy system is now dependent for more than 230,000 MW of power from fossil fuel-fired generation plants that are 40 or more years old, and that represents a $165 billion opportunity for newer, more efficient electric generation plants over the next five years, many of which could be fired by natural gas, Calpine Corp. CEO Jack Fusco told analysts Tuesday at the independent power plant operator’s annual financial conference in Houston.
National Fuel Gas Expects Marcellus Ramp-Up in FY2012
National Fuel Gas (NFG) continues to bet more chips on the Marcellus Shale.