Congress went home for the holidays last week with a massive $400 billion overhaul of Medicare under its belt, but passage of a comprehensive energy bill eluded it for the third year in a row. The bill became deadlocked in the Senate when Republican-led proponents were unable to find two additional votes to push the measure through, effectively stranding the bill in Congress until next year. GOP leaders vowed to pick up where they left off when they return for the second session in late January.
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November Futures Fade at Expiry; December Outlook is Better for Bulls
Like a weary traveller who comes home to gracefully pass on, the November contract moved quietly sideways and lower in expiration-day trading Wednesday as traders contemplated a market that had fallen perilously close to new one-year prompt-month lows after having soared during the month of October.
Ohio Could Get Two New Coal-Fired, Baseload Power Plants
Ohio could eventually become the home of two new coal-fired power plants that combined would generate over 2,000 MW, NGI has learned. But a spokesperson for the Ohio Public Utility Commission (PUC) last Wednesday said that until the company or companies considering the plants actually announce an intention to construct the facilities, the state commission won’t disclose any additional information.
NEB to BC Regulators: You Can’t Go Home Again
Canada’s National Energy Board has beaten off a challenge to “light-handed” pipeline regulation, rejecting an attempt by the British Columbia Ministry of Energy to assert provincial control and revive traditional cost-of-service regulation over even a minor branch of Westcoast Energy’s B.C. gas grid.
Southern Crossing Pipe Begins BC Service
Southern Crossing Pipeline, first proposed in April 1998, tookthe long way home, but made it in time for 2000 winter service. BCGas, the owner and operator of the Canadian line, announced thatits 188-mile natural gas pipeline began service in Southern BritishColumbia.
HUD Earmarks Additional $105 M for Energy Bills
With higher home heating and electricity bills catching many homeowners off guard this winter, the Bush administration reported that it will make additional emergency funds available for public housing authorities (PHA) and resident management corporations.
HUD Earmarks Additional $105 M for Energy Bills
With higher home heating and electricity bills catching manyhomeowners off guard this winter, the Bush administration reportedthat it will make additional emergency funds available for publichousing authorities (PHA) and resident management corporations.
Centrica Completes Acquisition of Energy America
British-based energy and home services company Centrica plccompleted its acquisition of coveted Energy America LLC this week,announcing it will take full ownership and management control ofthe gas and electricity marketer that serves nearly 400,000 U.S.residential and small business customers. Centrica, which claimedits first stake last summer, picked up the outstanding 73.5% stakeheld by Sempra Energy for $56 million in cash.
Southern Crossing Pipe Begins BC Service Against Odds
Southern Crossing Pipeline, first proposed in April 1998, took the long way home, but made it in time for 2000 winter service. BC Gas, the owner and operator of the Canadian line, announced that its 188-mile natural gas pipeline began service in Southern British Columbia.
EIA: Gas, Heating Oil Vulnerable to Winter Price Shocks
Due to low inventory levels, natural gas and heating oil will bethe most vulnerable of all home heating fuels to potential priceshocks this winter if the weather should turn colder than normal,according to the Energy Information Administration’s (EIA) latestShort-Term Energy Outlook.