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Hike

PG&E Reports 19% Hike in 2001 Earnings; Bankruptcy Non-Factor

The parent of bankruptcy-saddled Pacific Gas and Electric Co. utility, PG&E Corp., San Francisco, Tuesday reported a 19% increase in earnings from operations last year, compared to 2000, including a 19% increase for the utility over 2000 results ($2.51/share, or $914 million). PG&E’s National Energy Group (NEG), its nonutility operations, increased its contribution to earnings from operations by 27% (57 cents/share, or $209 million), compared to the previous year, but that is not expected to continue this year due to currently depressed energy prices..

March 6, 2002

Enough Cold Still Around to Hike Prices by Varying Amounts

With much of the U.S. and Canada still frigid from last week and renewed cold having returned to the South and Northeast, there was no surprise when prices rose nearly across the board Monday. There was quite a bit of variation among the amounts of increase, however. The Midcontinent/Midwest, Rockies, California and a few Gulf Coast points measured their gains generally in the vicinity of a dime or slightly more. The rest of the Gulf Coast tended to rise by either side of 20 cents, while Northeast citygates were up 30-55 cents.

March 5, 2002

NCNG Requests 16% Rate Hike to Offset Upgrades

Marking its first petition for a rate increase in seven years, Progress Energy subsidiary, NCNG, said Monday that it has filed with the North Carolina Utilities Commission (NCUC), seeking an increase in natural gas service rates for its customers. The company said it is seeking to recover the cost of serving its 176,000 residential, commercial, industrial and municipal customers.

February 26, 2002

Annual 2 Bcf/d Hike Seen for Power Sector Gas Demand in 2002-03

Natural gas consumption by the electricity sector, which was approximately 16 Bcf/day last year, is expected to grow by as much as 2 Bcf/d annually during 2002 and 2003, according to an analysis conducted by Houston-based Simmons & Co. International.

February 25, 2002

Annual 2 Bcf/d Hike Seen for Power Sector Gas Demand in 2002-03

Natural gas consumption by the electricity sector, which was approximately 16 Bcf/day last year, is expected to grow by as much as 2 Bcf/d annually during 2002 and 2003, according to an analysis conducted by Houston-based Simmons & Co. International.

February 20, 2002

Producers, Potato-Makers Protest Viking’s 50%-Plus Rate Hike

Canadian producers, distributor customers and Idaho potato processors are protesting a rate case filing by Viking Gas Transmission that the protesters claim would raise the pipeline’s rates by over 50% at the same time it proposes a number of changes in its rate and scheduling scheme, including term-differentiated rates.

January 11, 2002

WA’s Cascade Natural Gas Receives OK on Gas Cost Hike

As the winter season approaches, Cascade Natural Gas Corp. Friday reported that it has received approval from the Washington Utilities and Transportation Commission (WUTC) for its purchased gas cost adjustment, as well as its amortization of under-recovered gas cost from last winter’s filings.

November 5, 2001

AGA: Natural Gas in FY 2002 Spending Bill Receives 50% Hike

The U.S. Department of Energy (DOE) has indicated that it will work with natural gas utilities and pipelines to strengthen the industry’s infrastructure and enhance reliability through a $10 million program contained in a FY 2002 spending bill, the American Gas Association said last week. The group added that the bill is nearing final approval in Congress.

October 22, 2001

AGA: Gas in FY 2002 Spending Bill Receives 50% Hike

The American Gas Association (AGA) said on Tuesday that the U.S. Department of Energy (DOE) has indicated that it will work with natural gas utilities and pipelines to strengthen the industry’s infrastructure and enhance reliability through a $10 million program contained in a FY 2002 spending bill. The group added that the bill is nearing final approval in Congress.

October 17, 2001

El Paso’s Bid to Hike Export Capacity Opposed

Southwest local distribution utilities and municipal distributors have called on FERC to reject, or convene a technical conference to consider, El Paso Natural Gas’ application to boost export capacity on the Samalayuca Lateral by about 100 MMcf/d to meet natural gas demand in northern Mexico. They argue that such action would deprive existing El Paso customers of already-tight capacity on the pipeline’s South Mainline.

September 24, 2001