Giving

Starting the new year on a giving note, Purchase, NY-based The New Power Co. (TNPC) offered Georgia residents who are 65 years and older in the AGL distribution area a new discounted natural gas offer of $0.609 per therm. This special one-year rate, available through Feb. 28, 2002, is on average 10% less than the standard rate offered by the state’s current largest gas marketer.

Energy North Inc., an independent headquartered in Calgary, has entered into a joint venture agreement giving it the opportunity to earn access to lands by drilling in the Alberta foothills. It also has acquired what it called a significant land position in the project area in a joint venture project. Drilling is expected to begin nearly next year.

Although not giving up its search for customers in California, Salt Lake City-based Questar Corp.’s oil-to-natural-gas converted pipeline from the Four Corners of New Mexico remains stymied in operating its portion within California under a newly revised “peaking tariff” for Southern California Gas Co., according to Questar officials who have been analyzing the new rate established Aug. 2 by state regulators (see Daily Gas Price Index, Aug. 3). Questar is looking at alternative uses for the California portion of the approved interstate pipeline.

While one part of California’s regulatory structure was giving an expedited okay to 95 more megawatts of power to come on line in late summer, California Public Utilities Commission President Loretta Lynch Thursday was taking a slower, more detailed approach to determine how to spread the 3-cent/kW rate increase that was approved last month for the state’s two largest investor-owned utilities. In separate action, Moody’s Investor Service removed Southern California Edison Co. from further possible downgrades because the deal it struck with the governor last Monday.

It appears the weatherman will be giving most of the U.S. a break this summer, with moderate temperatures and less of a hurricane threat than the last five years.

It appears the weatherman will be giving most of the United States a break this summer, with moderate temperatures and less of a hurricane threat than the last five years.

The Connecticut Department of Public Utility Control (DPUC)followed much of what it included in its draft approval in giving itsfinal approval last week on Consolidated Edison’s (CEI) acquisition ofNortheast Utilities (NU), and just like the draft approval, neithercompany was happy with the department’s findings (see Daily GPI, Sept. 26).

Giving it one more try in his last two years in office, AlaskaGov. Tony Knowles expects to introduce legislation this fall thatwould lower the tax barriers for potential stranded natural gasprojects — such as a possible natural gas pipeline — to bringgas from the North Slope to the Lower 48 and gas-to-liquidsfacilities.

Giving it one more try in his last two years in office, AlaskaGov. Tony Knowles expects to introduce legislation this fall thatwould lower the tax barriers for potential stranded natural gasprojects — such as a possible natural gas pipeline — to bringgas from the North Slope to the Lower 48 and gas-to-liquidsfacilities.