Generator

Global generator AES Corp. said it plans to build a large-scale natural gas-fired plant at an existing site in Indiana, part of a sweeping plan to shutter or renovate more than a dozen coal-fired generation units in Indiana and Ohio.

The large independent electricity generator has reactivated natural gas-fired plants in Texas expecting a profitable summer

The Federal Energy Regulatory Commission Thursday issued a certificate to Southern Natural Gas pipeline to expand its system to provide more natural gas to a power generator in Georgia. The South System Expansion III (SSEIII Project) would provide up to 375,000 Dth/d of firm capacity for Southern Company Services Inc. (SCS) to serve affiliate Georgia Power Co.’s proposed expansion of its Plant Jack McDonough electric generation facilities near Atlanta.

Limits on power generator greenhouse gas (GHG) emissions will be a boon to the natural gas industry while domestic productive capacity and access to global supply are poised to climb. Producers will need to remember that “price matters,” and regulators should ensure that their initiatives do not contradict each other, a Rice University Baker Institute fellow warned.

Limits on power generator greenhouse gas (GHG) emissions will be a boon to the natural gas industry while domestic productive capacity and access to global supply are poised to climb. Producers will need to remember that “price matters,” and regulators should ensure that their initiatives do not contradict each other, a Rice University Baker Institute fellow warned.

Independent power generator Calpine Corp. announced last Friday that one of its biggest single shareholders, Harbinger Capital Partners Master Fund Ltd., has agreed to sell 20 million shares of Calpine common stock in a registered public secondary offering, which will close Wednesday. Calpine said it will not receive any proceeds from the offering. Harbinger has granted Morgan Stanley the option to purchase an added 3 million shares solely to cover overallotments, Calpine said. Morgan Stanley is the sale’s sole underwriter. “The common shares purchased by Morgan Stanley are being offered for resale from time to time in negotiated transactions or otherwise at market prices on the New York Stock Exchange prevailing at the time of sale, at prices related to such prevailing market prices or otherwise,” Calpine said.

Pacific Gas & Electric did not extend a systemwide high-inventory OFO beyond Saturday.

The U.S. Court of Appeals for the Eighth Circuit ruled earlier this month that a federal court in Minnesota — and not the Bankruptcy Court in New York where power generator NRG Energy sought Chapter 11 bankruptcy protection in 2003 — has jurisdiction over the Commodity Futures Trading Commission’s enforcement action against the Princeton, NJ, company, the agency said.

The U.S. Court of Appeals for the Eighth Circuit ruled earlier this month that a federal court in Minnesota — and not the Bankruptcy Court in New York where power generator NRG Energy sought Chapter 11 bankruptcy protection in 2003 — has jurisdiction over the Commodity Futures Trading Commission’s enforcement action against the Princeton, NJ, company, the agency said.