Hook

SG Resources Mississippi LLC (SGRM) has executed a pipeline interconnect agreement with Destin Pipeline Co. LLC as part of SGRM’s planned direct interconnection for the Southern Pines Energy Center, a new high deliverability salt cavern gas storage facility to be located in Greene County, MS.

SG Resources Mississippi LLC (SGRM) has executed a pipeline interconnect agreement with Destin Pipeline Co. LLC as part of SGRM’s planned direct interconnection for the Southern Pines Energy Center, a new high deliverability salt cavern gas storage facility to be located in Greene County, MS.

FERC last Wednesday sought to bring clarity to when power sellers would be on the hook for refunds under a sweeping order issued last year. That order, issued Nov. 20, proposed to revise all existing market-based rate tariffs and authorizations to prohibit the exercise of market power and anticompetitive behavior.

The Senate Energy and Commerce Committee debated yesterdaywhether to get themselves off the hook for this summer by enactingstopgap electric reliability legislation or go for the gold of acomprehensive electric restructuring bill.

The Federal Energy Regulatory Commission last week endorsed acustomer-friendly interconnction plan by Commonwealth Edison,calling it “another critical step” toward getting new merchantpower plants on the transmission grid.

The Federal Energy Regulatory Commission this week took “anothercritical step” toward providing new power generators with more”certainty and assurance” in their efforts to interconnect with thetransmission grid.

Reliant Energy’s Houston Lighting & Power (HL&P) couldbe on the hook for millions depending upon punitive damagesassessed in a case that has hit the utility with $4.2 million inactual damages awarded to three Texas cities. Lawyers for theplaintiffs last week suggested a punitive award in the range of $40million would be appropriate.

Centra Gas Manitoba, an LDC serving 240,000 customers, is on thehook for $27.5 million due to a price management program theManitoba Public Utilities Board said was run “.with inexperiencedtraders, and with inadequate supervision.”