Granted

A bankruptcy court granted energy merchant Mirant Corp. $500 million in debtor-in-possession (DIP) financing on Monday. The company had asked the court to approve the financing, which will be provided through a loan from General Electric Capital Corp., to supplement its cash on hand to fund its merchant power and marketing and trading operations.

Compensation has been granted to 30 Canadian natural gas producers affected by an order to shut-in wells found to jeopardize future exploitation of oil sands by the Alberta Energy and Utilities Board.

A bankruptcy court granted energy merchant Mirant Corp. $500 million in debtor-in-possession (DIP) financing on Monday. The company had asked the court to approve the financing, which will be provided through a loan from General Electric Capital Corp., to supplement its cash on hand to fund its merchant power and marketing and trading operations.

FERC last week granted the first certificate for a new liquefied natural gas (LNG) import terminal in the United States in more than 25 years. Sempra Energy’s $700 million Cameron LNG terminal in Hackberry, LA, will take at least three years to build, but when completed will provide about 1.5 Bcf/d of deliverability into the Gulf Coast pipeline grid.

FERC on Wednesday granted the first certificate for a new liquefied natural gas (LNG) import terminal in the United States in more than 25 years. Sempra Energy’s $700 million Cameron LNG terminal in Hackberry, LA, will take at least three years to build, but when completed will provide about 1.5 Bcf/d of deliverability into the Gulf Coast pipeline grid.

The Federal Energy Regulatory Commission said Wednesday that it has conditionally granted ANR Pipeline Co.’s application requesting abandonment approval and certificate authorization for its proposed WestLeg Project Expansion. The Commission gave the project preliminary approval on non-environmental grounds last December (see Daily GPI, Dec. 19, 2002).

FERC last week granted Tractebel Calypso Pipeline LLC an additional year to complete its proposed $132 million pipeline, which would bring regasified liquefied natural gas (LNG) to Florida’s East Coast from a proposed import terminal in the Bahamas.

FERC has granted Tractebel Calypso Pipeline LLC an additional year to complete its proposed $132 million pipeline, which would bring regasified liquefied natural gas (LNG) to Florida’s East Coast from a proposed import terminal in the Bahamas.

As requested, the judge presiding over Enron Corp.’s bankruptcy last week granted an extension for the company to file its reorganization plan. Judge Arthur Gonzalez said it would be “counterproductive” to deny the request, which was made in late June (ee NGI, June 30).