Generation

Without admitting its actions influenced prices in California’s power market, Reliant Resources Inc. and several of its California power generation facilities have entered into a stipulation and consent agreement with FERC to pay $13.8 million for withholding electricity from the state’s market on two days in June 2000.

Without admitting its actions influenced prices in California’s power market, Reliant Resources Inc. and several of its California power generation facilities have entered into a stipulation and consent agreement with FERC to pay $13.8 million for withholding electricity from the state’s market on two days in June 2000.

Major gas and power generators and marketers showed third quarter earnings off more than half from year-ago results, while natural gas distributors registered a smaller seasonal loss for the quarter and earnings for electric utilities were about even with last year, according to Energy Performance Review (EPR).

Writedowns totaling $342 million related to investments in power generation assets and oil reserves in financially-troubled Argentina in the first half of the year added up to a net loss of $99 million for El Paso Tennessee Pipeline Co. for the six-month period ending June 30, the company announced Wednesday.

Despite the current investment climate in the merchant power plant market, Energy Security Analysis Inc. (ESAI) projects that the Northeast should still see a significant amount of new generating capacity come on-line over the next two years. It’s the post-2003 period, however, where recent tightening in project financing will have the greatest supply impact, ESAI said in a recent memo to clients.

Much of the 60,000 MW of dual-fuel power generation in the United States will be burning natural gas this winter rather than heavy fuel oil in contrast to last winter when record high gas prices compelled generators to burn anything but gas, consulting firm Energy Security Analysis Inc. (ESAI) said in its latest Natural Gas Stockwatch.

Much of the 60,000 MW of dual-fuel power generation in the United States will be burning natural gas this winter rather than heavy fuel oil in contrast to last winter, when record high gas prices compelled generators to burn anything but gas, consulting firm Energy Security Analysis Inc. (ESAI) said in its latest Natural Gas Stockwatch.

Unregulated natural gas and power marketing businesses, including power generation, reported record earnings of $9.3 billion in 2000, up more than 80% from the $5.1 billion posted in 1999, far out-distancing earnings growth in the regulated natural gas and electric distribution segment, according to Energy Performance Review (EPR).

Unregulated natural gas and power marketing businesses, including power generation, reported record earnings of $9.3 billion in 2000, up more than 80% from the $5.1 billion posted in 1999, far out-distancing earnings growth in the regulated natural gas and electric distribution segment, according to Energy Performance Review (EPR).