Giving

FERC last Thursday issued a final rule that implements provisions of the Energy Policy Act of 2005 (EPAct) giving the Commission the authority to coordinate the schedule of other federal and state agencies in processing natural gas pipeline, liquefied natural gas (LNG) and storage projects and to maintain a consolidated record of all agency decisions for use in judicial reviews.

FERC on Thursday issued a final rule that implements provisions of the Energy Policy Act of 2005 (EPAct) giving the Commission the authority to coordinate the schedule of other federal and state agencies in processing natural gas pipeline, liquefied natural gas (LNG) and storage projects and to maintain a consolidated record of all agency decisions for use in judicial reviews.

With Monday’s 78.5-cent futures spike (and a further sizeable screen increase early Tuesday) giving added impetus to the cash market’s reawakened bullishness based on new forecasts of widespread cold weather later in the week, spot gas quotes realized even larger gains Tuesday than they had the day before in most cases.

An industrial energy consumers group has voiced support for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market.

An industrial energy consumers group has voiced its support for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market.

Following up on its call late last month for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market (see NGI, Oct. 2), the Industrial Energy Consumers of America (IECA) on Friday asked FERC to get involved and to investigate the facts surrounding the downfall of hedge fund Amaranth Advisors LLC in September.

Following up on its call late last month for legislation that would close a “substantial part” of a regulatory loophole by giving the Commodity Futures Trading Commission (CFTC) oversight of the over-the-counter (OTC) energy electronic trading market (see Daily GPI, Sept. 27), the Industrial Energy Consumers of America (IECA) on Friday asked FERC to get involved and to investigate the facts surrounding the downfall of hedge fund Amaranth Advisors LLC in September.

FERC on Thursday issued a proposed rule that implements provisions of the Energy Policy Act of 2005 (EPAct) giving the Commission the authority to coordinate the schedule of other federal and state agencies in processing natural gas pipeline, liquefied natural gas and storage projects and to maintain a consolidated record of all agency decisions for use in judicial reviews.

Reiterating what its senior executives have been saying in recent quarters, Sempra Energy officials Thursday said the marketplace is not giving the company enough credit for the results it has achieved, particularly in the energy trading sector. Therefore, sale of any of its major business units, including Sempra Commodities, is unlikely to occur before 2008 when some of the company’s major liquefied natural gas (LNG) and pipeline/storage projects begin providing new revenue streams.