Funding

The Department of Energy’s (DOE) current level of research and development (R&D) funding and the nation’s energy policies are not sufficient to deploy advanced energy technologies over the next 25 years, an official with the Government Accountability Office (GAO) told a House Appropriations subcommittee Wednesday.

Freeport LNG Development LP on Tuesday said it closed on $383 million of private placement note funding with nine institutional investors for the construction of the first phase of its liquefied natural gas (LNG) terminal on Quintana Island in Brazoria County, TX.

The Department of Energy (DOE) today announced a total of $2 million in funding to five research projects that will assess the energy potential, safety, and environmental aspects of methane hydrate exploration and development.

The American Gas Association (AGA) called on Congress Friday to increase funding for the Low-Income Home Energy Assistance Program (LIHEAP) to avoid a crisis situation this winter heating season.

The American Gas Association (AGA) called on Congress Friday to increase funding for the Low-Income Home Energy Assistance Program (LIHEAP) to avoid a crisis situation this winter heating season.

The American Gas Association (AGA) called on Congress Friday to increase funding for the Low-Income Home Energy Assistance Program (LIHEAP) to avoid a crisis situation this winter heating season.

Acquisition activity in the U.S. midstream energy master limited partnership (MLP) sector has rebounded sharply this year, following a slow 2003, and that trend is expected to continue in the near term, according to a report highlighting current trends by Standard & Poor’s Ratings Services (S&P).

In an agreement to ensure the sale of CrossCountry Energy is approved, Enron Corp. has agreed to increase the funding of pension plans for about 17,000 current and former employees. The agreement resolved litigation with Pension Benefit Guaranty Corp. (PBGC). According to PBGC, Enron has agreed to pay $321 million to cover the underfunding of four of its former benefit plans. Previously, Enron had said paid $200 million would be enough to pay for the fund, but PBGC had threatened to stall the sale of CrossCountry, Enron’s pipeline business, which was approved by the bankruptcy court earlier this month. Enron said it has “resolved” the PBGC objections, and said it would put $321 million into an escrow account to fund the pension.

In an agreement to ensure the sale of CrossCountry Energy is approved, Enron Corp. has agreed to increase the funding of pension plans for about 17,000 current and former employees. The agreement resolved litigation with Pension Benefit Guaranty Corp. (PBGC). According to PBGC, Enron has agreed to pay $321 million to cover the underfunding of four of its former benefit plans. Previously, Enron had said paid $200 million would be enough to pay for the fund, but PBGC had threatened to stall the sale of CrossCountry, Enron’s pipeline business, which was approved by the bankruptcy court earlier this month. Enron said it has “resolved” the PBGC objections, and said it would put $321 million into an escrow account to fund the pension.