Given the U.S. government’s stress test assessment that Bank of America (BofA) needs a multi-billion-dollar capital infusion, Standard & Poor’s Ratings Services (S&P) on Wednesday adopted a “negative” credit watch for some of the high-profile public-sector utility long-term natural gas purchases. The gas prepayment deals have been under credit rating downward pressures for the past year (see Daily GPI, Sept. 17, 2008).
Infusion
Articles from Infusion
Cheniere Energy Closes $250M Financing
A capital infusion — the announcement of which last week lifted Cheniere Energy Inc. shares more than 50% — has closed, the struggling liquefied natural gas (LNG) terminal developer said Monday.
Northwest Gas Execs: Region Needs New Supplies
The Pacific Northwest needs a new infusion of natural gas supplies longer term, including liquefied natural gas (LNG) imports, according to a variety of industry speakers at the Fifth Annual Northwest Energy Conference held last Wednesday in Portland, OR, and sponsored by the Northwest Gas Association (NWGA).
Northwest Gas Meeting Echoes Region’s Need for New Supplies
The Pacific Northwest needs a new infusion of natural gas supplies longer term, including liquefied natural gas (LNG) imports, according to a variety of industry speakers at the Fifth Annual Northwest Energy Conference held last Wednesday in Portland and sponsored by the Northwest Gas Association (NWGA).
Terminal Developer Bullish on U.S. Ability to Attract LNG
Whether the U.S. gas market will receive an infusion of liquefied natural gas (LNG) in the coming years depends a lot upon what happens in European gas markets, according to an executive with a Gulf Coast regasification terminal developer.
Terminal Developer Bullish on U.S. Ability to Attract LNG
Whether the U.S. gas market will receive an infusion of liquefied natural gas (LNG) in the coming years depends a lot upon what happens in European gas markets, according to an executive with a Gulf Coast regasification terminal developer.
PG&E: Pipeline Projects Not in Conflict
PG&E Corp.’s priorities this year center on managing costs as part of its multi-billion infusion of investment in utility infrastructure at Pacific Gas and Electric Co. Major electric and natural gas supply projects are still in early and less certain stages of development, according to senior PG&E officials who spoke to financial analysts Friday during a conference call in which the company announced increased earnings for the fourth quarter and full year in 2007, compared with similar periods in 2006.
Most Western Points Rally, But East Still Weak
Due to fundamental influences remaining weak, eastern prices continued to fall at nearly all points, generally by large amounts. However, thanks to an infusion of cold and snowy weather across the Pacific Northwest and northern Rockies along with the removal of OFOs by California’s two biggest distributors (see Transportation Notes), western markets generally saw a mix of large and small rebounds from Friday’s across the board plunges.
Calpine Accelerates LNG Strategy, Looks at Oregon Site
Looking to help bring down wholesale natural gas prices with an infusion of new Pacific Rim supplies into the West, Calpine Corp. has made the import of liquefied natural gas (LNG) a integral part of its fuel strategy and begun very preliminary analysis of a possible receiving terminal in the far northwest corner of Oregon at the mouth of the Columbia River.
Calpine Accelerates LNG Strategy, Looks at Oregon Site
Looking to help bring down wholesale natural gas prices with an infusion of new Pacific Rim supplies into the West, Calpine Corp. has made the import of liquefied natural gas (LNG) a integral part of its fuel strategy and begun very preliminary analysis of a possible receiving terminal in the far northwest corner of Oregon at the mouth of the Columbia River.