Increased

California regulators have issued emergency authorization forincreased borrowing — up to $2 billion — for SouthernCalifornia Edison to help it pay the bills for this summer’s powerprice spikes.

California regulators have issued emergency authorization forincreased borrowing — up to $2 billion — for SouthernCalifornia Edison to help it pay the bills for this summer’s powerprice spikes.

Online trading opportunities for energy companies will growexponentially in the future, offering increased price transparency,trading opportunities, volumes of trades and less congestion in themarketplace. To work well, however, the marketplace has to providean efficient pool of opportunity and neutral platforms, said twoonline energy trading platform executives yesterday.

A property swap announced yesterday by Anadarko Petroleum andAEC Oil and Gas illustrates the increased activity in the far Northand the likelihood that the North Slope in Alaska and the MackenzieDelta in the Northwest Territories of Canada are equally importantfuture supply sources for the U.S. marketplace.

Increased natural gas development in the Gulf of Mexicocontinues at break-neck speed. Daulphin Island Gathering Partners(DIGP) recently completed two projects that will expand natural gasservice in the Gulf.

Increased natural gas development in the Gulf of Mexicocontinues at break-neck speed. Daulphin Island Gathering Partners(DIGP) recently completed two projects that will expand natural gasservice in the gulf.

Citing increased profits from energy trading and internationalprojects, San Diego-based Sempra Energy Thursday reported unauditedconsolidated net income of $110 million, a 34% increase overearnings in last year’s second quarter. Second-quarter revenueswere $1.5 billion, or equal to the revenues in the same period lastyear.

Northwest reported that because it has been unable to deliverspec quality gas off the south end due to increased hydrocarbondewpoint levels, starting today it will be required to shut in sixinterconnect points: Piceance Quick Cycle, Grand Valley, SandSprings, Grand Gas, Premier-Bar-X and Bar-X. The pipeline said itwould contact each affected interconnect operator to discuss gasquality details.

A hotly protested Texas Gas Transmission rate proposal will besubject to increased regulatory and industry scrutiny in the comingmonths. The Federal Energy Regulatory Commission (FERC) sided witha number of protesters in accepting and suspending the bulk of theproposed tariff changes until Nov. 1 subject to hearing andpotential refund.