Ground

Going forward the restructured energy industry is going to have some unfamiliar names and faces and they’ll be operating with new ground rules, William Hobbs, president and CEO of Williams Energy Marketing and Trading told state regulators meeting in Chicago Tuesday.

Democrats in the House of Representatives last Wednesday hit the ground running in their efforts to force consideration of energy price-cap legislation on to the House floor. Democrats, who need signatures from 218 members in order to move the price-cap bill sponsored by Rep. Jay Inslee (D-WA) directly to the House floor, had already collected more than half the required number of signatures as of last week.

Democrats in the House of Representatives yesterday hit the ground running in their efforts to force consideration of energy price-cap legislation on to the House floor. Democrats, who need signatures from 218 members in order to move the price-cap bill sponsored by Rep. Jay Inslee (D-WA) directly to the House floor, had already collected more than half the required number of signatures as of late Wednesday.

After years of planning and regulatory hurdles, PG&E Corp.’s National Energy Group (PG&E NEG) began construction last week on the Harquahala Generating Plant, a 1,048 MW natural gas-fired generating facility located approximately 70 miles west of Phoenix in the town of Tonopah, AZ (see NGI, Aug. 21, 2000).

Tampa-based TECO Power Services and Panda Energy International announced on Thursday that they have begun initial construction and site preparation work on their 2,300 MW Gila River power station in Gila Bend, AZ. The companies will build the project under a joint venture agreement.

After years of planning and regulatory hurdles, PG&E Corp.’s National Energy Group (PG&E NEG) began construction Monday on the Harquahala Generating Plant, a 1,048 MW natural gas-fired generating facility located approximately 70 miles west of Phoenix in the town of Tonopah, AZ (see Daily GPI, Aug. 17, 2000).

As exploration and production companies scurry to extract higher volumes of natural gas from the ground to meet the nation’s voracious demand, coalbed methane production in the Powder River Basin of Wyoming and southern Montana continues to increase as conservative estimates of the basin’s reserves from the late 1980s through the mid-1990s continue to fall by the wayside, according to Energy and Environmental Analysis (EEA).

The week’s market activity came to a quiet close Friday with prices at most eastern points and Permian/Waha hovering on either side of flat, but with a slight bias to the upside. Western markets were generally softer, with California once again way out in front, leading a downhill charge.

As exploration and production companies scurry to extract higher volumes of natural gas from the ground to meet the nation’s voracious demand, coalbed methane production in the Powder River Basin of Wyoming and southern Montana continues to increase as conservative estimates of the basin’s reserves from the late 1980s through the mid-1990s continue to fall by the wayside, according to Energy and Environmental Analysis (EEA).