Hundred

Portland General Electric Co. (PGE) said Monday that its recent request for proposals (RFP) for power generating resources, including several hundred megawatts of natural gas-fired baseload power, has resulted in 32 bids from 15 different projects, totaling more than 9,000 MW. Oregon state regulators are scheduled to discuss the draft RFP at a public meeting Sept. 25.

Officials with the City of Morgantown, WV, said the city might take Northeast Natural Energy (NNE) to court if the city passes an ordinance banning hydraulic fracturing (hydrofracking) and the company subsequently starts using the practice at two Marcellus Shale gas wells.

Republican Gov. Bobby Jindal told members of the Louisiana Mid-Continent Oil and Gas Association (LMOGA) Thursday that he would veto any bill to repeal or lower severance tax exemptions for horizontal drilling, which would keep producers operating in the Haynesville Shale.

With only a few hundred absentee ballots left to be counted, Sen. Lisa Murkowski, R-AK, appears to have pulled off a come-from-behind win, keeping her seat with the first successful Senate write-in campaign in more than 50 years, and beating the Tea Party candidate endorsed by former Alaska governor and vice presidential candidate Sarah Palin.

Because of low natural gas prices EnCana Corp. has shut in some wells in both the United States and Canada that produce “a couple of hundred million cubic feet a day,” CEO Randy Eresman said last week.

Because of low natural gas prices EnCana Corp. has shut in some wells in both the United States and Canada that produce “a couple of hundred million cubic feet a day,” CEO Randy Eresman said Monday.

In response to the crisis taking place just a few hundred yards away at the World Trade Center and along with every other commodity exchange in the country, the New York Mercantile Exchange indefinitely suspended natural gas futures trading yesterday morning before the opening of the regular open-outcry session at 9:30 (EST). At that time, October futures were called to open just about unchanged from Monday’s $2.392 close. As of press time last night, Nymex had still not made an official announcement as to when it might reopen for trading. However, all three major stock exchanges will be closed today prompting some to suggest Nymex will follow suit.

It’s funny how an extra hundred million dollars will get your attention. That’s what the board of directors of Southwest Gas Corp. have to contend with in the form of an unsolicited proposal from Southern Union Co., after they already had signed off on an offer from ONEOK Inc.