Hurdle

Ruby Pipeline LLC has applied to FERC for a Notice to Proceed and Construct its 680-mile east-to-west natural gas project, the final hurdle that must be cleared before construction can begin.

Ruby Pipeline LLC has applied to FERC for a Notice to Proceed and Construct its 680-mile east-to-west natural gas project, the final hurdle that must be cleared before construction can begin.

Clearing a three-and-a-half-year hurdle that has been blocking the company from expanding its natural gas storage capacity below the surface of Lake Peigneur in Iberia Parish, LA, AGL Resources subsidiary Jefferson Island Storage & Hub LLC (JISH) said last week that the Louisiana Mineral and Energy Board has approved by a 8-0 vote an operating agreement between JISH and the state of Louisiana.

Clearing a three-and-a-half-year hurdle that has been blocking the company from expanding its natural gas storage capacity below the surface of Lake Peigneur in Iberia Parish, LA, AGL Resources subsidiary Jefferson Island Storage & Hub LLC (JISH) said Wednesday the Louisiana Mineral and Energy Board approved by a 8-0 vote an operating agreement between JISH and the state of Louisiana.

Legislation to impose a severance tax on growing natural gas production in Pennsylvania’s Marcellus Shale jumped a committee hurdle last week and now moves to the full House for consideration.

Legislation to impose a severance tax on growing natural gas production in Pennsylvania’s Marcellus Shale jumped a committee hurdle Tuesday and now will move to the full House for consideration.

A $7.4 billion deal by a consortium of private investors to acquire Bellevue, WA-based Puget Sound Energy (PSE) and take it private cleared a final regulatory hurdle last Tuesday when the Washington Utilities and Transportation Commission (WUTC) on a split 2-1 vote gave a heavily conditioned approval. WUTC approved a multi-party settlement from last summer that included its own staff.

A $7.4 billion deal by a consortium of private investors to acquire Bellevue, WA-based Puget Sound Energy (PSE) and take it private cleared a final regulatory hurdle Tuesday when the Washington Utilities and Transportation Commission (WUTC) on a split 2-1 vote gave a heavily conditioned approval. WUTC approved a multi-party settlement from last summer that included its own staff (see Daily GPI, July 23).

The merger of CME Group and Nymex Holdings cleared its largest hurdle Monday afternoon as Nymex’s shareholders and its 816 seatholders voted to accept the merger proposal. With the approval out of the way, the closing date of the union, which has been valued recently anywhere between $7.9 billion to $8.4 billion, is scheduled to take place on Friday (Aug. 22), when Nymex Holdings will merge with and into CMEG NY Inc., a wholly owned subsidiary of CME Group.