TradeSpark LP signed an agreement Tuesday with Virtual Markets Assurance Corp. (VMAC) to offer VMAC’s unique (patent pending) credit transfer and netting system to energy marketers on its trading platform to work around creditworthiness problems and enable trading of illiquid commodities such as electricity and physical natural gas.
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Senate Dems Give Nod to FERC Expanded Mitigation
Western senators, who have been the sternest critics of FERC for its refusal to install power price caps in the state and elsewhere in the western region, extended an uncharacteristically warm welcome to commissioners when they appeared before the Senate Energy and Natural Resources Committee yesterday.
NYPA: Gas Turbines To Avert Outage Problems
The New York Power Authority’s program to install 10 small, clean gas-turbine generators in boroughs of the Big Apple in time to prevent blackouts and price spikes this summer gained some state agency lobbying partners this week, who urged the New York State Assembly to support the program to avert California-like energy problems in the coming months.
NYPA: Gas Turbines To Avert Outage Problems
The New York Power Authority’s program to install 10 small,clean gas-turbine generators in boroughs of the Big Apple in timeto prevent blackouts and price spikes this summer gained some stateagency lobbying partners this week, who urged the New York StateAssembly to support the program to avert California-like energyproblems in the coming months.
FERC OKs More Compression For Northwest
FERC last week issued Northwest Pipeline a blanket certificate to install and operate three existing portable compressor units as needed to help offset the heavy demands that have been placed on certain shippers by the pipeline’s continual operational flow orders (OFOs).
FERC OKs More Compression for Northwest
FERC yesterday issued Northwest Pipeline a blanket certificateto install and operate three existing portable compressor units asneeded to help offset the heavy demands that have been placed oncertain shippers by the pipeline’s continual operational floworders (OFOs).
PPL Plans Five Eastern PA Peaking Plants
PPL Corp. announced that its development subsidiary will bespending between $400 and $450 million to install five compact,natural gas-fired generation facilities in eastern Pennsylvaniatotaling about 900 MW of generating capacity. The five facilitiesin Lancaster and Montgomery Counties are expected to go on-line bythe summer of 2002.
Northwest Plans Improvements, Expansion
Northwest Pipeline put shippers on notice last week that itplans to undertake a system enhancement program and will begintaking requests for a pipeline expansion project. The enhancementprogram, which will involve adding pipeline looping andcompression, is designed in part to resolve a supply displacementproblem stemming from an expiring contract.
Northwest Plans System Improvements, Pipeline Expansion
Northwest Pipeline put shippers on notice last week that itplans to undertake a system enhancement program and will begintaking requests for a pipeline expansion project. The enhancementprogram, which will involve adding pipeline looping andcompression, is designed in part to resolve a supply displacementproblem stemming from an expiring contract.
Tengasco Building New TN LDC
Tengasco Inc. subsidiary Tengasco Pipeline Corp. signed afranchise agreement with the Powell Valley Utility District toinstall and operate a new gas utility to service residential,commercial and industrial users in Hancock County, TN.