FERC Chairman Pat Wood indicated Tuesday that a final decision on whether Cove Point LNG will be permitted to retain its certificate to reactivate and expand its liquefied natural gas (LNG) import facility should be issued before the end of the year.
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Second CA Merchant Gas Storage Project Nears Start
In the midst of injecting 3.5 Bcf of cushion gas, Western Hub Properties indicated last Tuesday that its initial commercial start up for California’s second merchant underground storage project will begin in mid-December with about two-thirds of the project’s 12 Bcf working capacity under contract, according to Western Hub’s California project manager, Jim Fossum.
Second CA Merchant Gas Storage Project Nears Start
In the midst of injecting 3.5 Bcf of cushion gas, Western Hub Properties indicated Tuesday that its initial commercial start up for California’s second merchant underground storage project will begin in mid-December with about two-thirds of the project’s 12 Bcf working capacity under contract, according to Western Hub’s California project manager, Jim Fossum.
Long Beach Gas Dept. Inks 18-Month Deal with Coral
The City of Long Beach (CA) Gas Department last Tuesday indicated its has signed an 18-month supply deal with Coral Marketing tied to San Juan Basin prices to provide all of its interstate supplies, or about 5.5 to 6 Bcf annually. It is priced at 2.5 cents/therm under the San Juan price, with a ceiling of 80 cents/therm, according to Chris Garner, the director of Long Beach’s municipal gas, water and electric department.
AGA: Natural Gas in FY 2002 Spending Bill Receives 50% Hike
The U.S. Department of Energy (DOE) has indicated that it will work with natural gas utilities and pipelines to strengthen the industry’s infrastructure and enhance reliability through a $10 million program contained in a FY 2002 spending bill, the American Gas Association said last week. The group added that the bill is nearing final approval in Congress.
Daschle Sets Conditions for ANWR Vote in Senate
Senate Majority Leader Tom Daschle (D-SD) has indicated that he will allow a vote on oil and natural gas drilling in the Arctic National Wildlife Refuge (ANWR) if the pro-ANWR forces in the Senate can pick up 60 votes to bring the proposal to the floor.
Long Beach Energy Dept. Inks 18-Month Deal with Coral
The City of Long Beach (CA) Energy Department Tuesday indicated its has signed an 18-month supply deal with Coral Marketing tied to San Juan Basin prices to provide all of its interstate supplies, or about 5.5 to 6 Bcf annually. It is priced at 2.5 cents/therm under the San Juan price, with a ceiling of 80 cents/therm, according to Chris Garner, the director of Long Beach’s municipal gas, water and electric department.
AGA: Gas in FY 2002 Spending Bill Receives 50% Hike
The American Gas Association (AGA) said on Tuesday that the U.S. Department of Energy (DOE) has indicated that it will work with natural gas utilities and pipelines to strengthen the industry’s infrastructure and enhance reliability through a $10 million program contained in a FY 2002 spending bill. The group added that the bill is nearing final approval in Congress.
FERC Launches Regular Review of CA Energy Progress
FERC Chairman Curt Hebert indicated yesterday that the Commission plans to keep a watchful eye on steps by California regulators and other government officials to improve the natural gas and power infrastructure within the state, reviewing progress or lack thereof at every regular meeting of the Federal Energy Regulatory Commission.
Entergy to Beat 2Q Consensus by 5%, Divests UK Plant
Despite decreased earnings from its wholesale operations and the impact of normal weather, Entergy Corp. indicated last Thursday that it is confident its second quarter 2001 earnings will be at least 5% higher than the current published First Call earnings consensus of $0.91 per share. The company attributed the strong results to “excellent performance” in its competitive businesses.