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S&P: Deep Pockets Affirmed for Sabine LNG Export Plan

Standard & Poor’s Ratings Services (S&P) on Tuesday gave the Sabine Pass facility to export liquefied natural gas (LNG) a strong credit rating and stable outlook, citing its ties to investment-grade companies.

August 30, 2012

California Lawmakers Dump Frack Regulation Bills

As the deadline for moving proposed bills out of finance committees came and went Thursday, the California state legislature again gave up on measures designed to more closely regulate hydraulic fracturing (fracking).

August 20, 2012

Five-Fold Expansion of LNG Facility in Marcellus Cleared for Service

FERC Tuesday gave the go-ahead for UGI LNG Inc., a subsidiary of Pennsylvania midstream operator UGI Energy Services Inc., to place into service the expansion of its Temple liquefied natural gas (LNG) storage facility in Berks County, PA.

August 2, 2012

Industry Briefs

The Federal Energy Regulatory Commission gave Southern Natural Gas Co. the green Light to begin service on the Phase III leg of its South System Expansion III project, which will provide up to 375,000 Dth/d of firm capacity for Southern Company Services Inc. to serve affiliate Georgia Power Co.’s proposed expansion of its Plant Jack McDonough electric generation facilities near Atlanta. The Phase III portion of the expansion included construction of a a 2.4-mile, 36-inch diameter Bay Springs Loop paralleling Southern’s main system in Clarke County, MS; construction of a 5.2-mile Gallion Loop in Hall and Perry counties in Alabama; abandonment and replacement of 11.7 miles of 16-inch diameter pipeline with 42-inch diameter pipeline in Elmore County, AL; and installation of a 7,000 hp electric motor unit at its existing Ellerslie Compressor Station in Harris County, GA.

June 1, 2012

New York Fund Urges Chesapeake Shake-Up Following Icahn Letter

Chesapeake Energy Corp.’s shareholders gave a modest thumb’s up Tuesday to the news that Carl Icahn is now the company’s third largest shareholder, and another large shareholder group urged a board shake-up to extract value.

May 30, 2012

California Governor to Examine Fracking More Closely

California Gov. Jerry Brown said last Friday that he plans to take a closer look at the oil/gas industry’s use of hydraulic fracturing (fracking) in the state, speaking at a renewable energy conference at the University of California, Santa Barbara, and to news media afterwards.

March 27, 2012

SoCalGas (Again) Gets OK for $1B Smart Meter Program

For the third time, California regulators Thursday gave the green light to Sempra Energy’s Southern California Gas Co. (SoCalGas) to embark on a proposed $1 billion, multi-year transition to an advanced metering system consistent with what all of the state’s other private-sector utilities have been doing the past five years.

March 23, 2012

Pennsylvania Counties Moving Toward Impact Fee

When Pennsylvania Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With a month left until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see NGI, Feb. 20).

March 12, 2012

Most PA Counties Back Marcellus Impact Fee Implementation

When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Daily GPI, Feb. 15).

March 6, 2012

Most Pennsylvania Counties Back Marcellus Impact Fee Implementation

When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Shale Daily, Feb. 15).

March 6, 2012