President Bush is scheduled to sign into law this week legislation that imposes tougher inspection and other safety standards on interstate natural gas and hazardous liquid pipelines.
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Reporting Requirement OK’d for Transporters, Sellers to CA
FERC last week voted out a final rule that imposes a monthly (price and volume) reporting requirement on natural gas transporters and sellers to California until September 2002 in an attempt to bring gas prices there in line with other major markets around the country.
Reporting Requirement OK’d for Transporters, Sellers to CA
FERC voted out a final rule that imposes a major (price and volume) reporting requirement on natural gas transporters and sellers to California until September 2002 in an attempt to bring gas prices there in sync with other major markets around the country.
Cal-ISO Imposes First Advance Blackout Warnings
Under the fresh new provisions for two- and one-day advance notices of potential rolling blackouts, California’s transmission grid operator, Cal-ISO, issued warnings Monday for later this week of potential rolling blackouts. None were needed Monday as temperatures in the inland valleys soared statewide, driving peak demand to 37,200 MW, about 1,000 MW higher than forecast. The warnings automatically terminated, however, when no follow-up 24-hour notice was issued.
DOT Imposes Record Fine on Olympic Pipe Line
The Department of Transportation (DOT) announced last week thatit was seeking a $3.05 million civil penalty — the largest everproposed for a pipeline operator — against a petroleum productspipeline for an explosion that killed three last June. While thepenalty was huge, some speculated that Olympic Pipe Line’s woeswere far from over.