Institute

Natural gas drilling activity set annual and fourth-quarter records in 2006, the American Petroleum Institute (API) said in a report released last Tuesday.

Natural gas drilling activity set annual and fourth-quarter records in 2006, the American Petroleum Institute (API) said in a report released Tuesday.

The Electric Reliability Council of Texas (ERCOT) set a new record for power demand of 63,056 MW Thursday afternoon between 4 and 5 p.m. The agency was encouraging power conservation but did not have to institute rolling blackouts.

A federal court judge in New Orleans, LA late Tuesday rejected a request by the American Petroleum Institute (API) to keep sealed all bids stemming from the western Gulf of Mexico lease sale that will take place Wednesday (Aug. 16).

“Americans used more electricity last week [week ending Aug. 5) than any week for which records have been kept,” the Edison Electric Institute (EEI) said last Wednesday. It was the second new weekly power demand record in the last three weeks, sparked by a searing heat wave that stretched across two-thirds of the country.

“Americans used more electricity last week than any week for which records have been kept,” the Edison Electric Institute (EEI) said Wednesday, leading a number of gas traders to place their bets on a very bullish natural gas storage report Thursday. It was the second new weekly power demand record in the last three weeks, sparked by a searing heat wave that stretched across two-thirds of the country.

A group of House Democrats led by Rep. Edward Markey of Massachusetts sent a letter to the American Petroleum Institute (API) Thursday disputing claims by oil and natural gas producers that a proposal restricting royalty relief would lead to the breach of existing leases or would bar so many U.S. producers from purchasing new leases that it would effectively outsource production in the Gulf of Mexico and elsewhere to foreign companies.

The Edison Electric Institute (EEI) and several utilities are backing a FERC proposal to utilize the so-called “public interest” standard as the default standard of review for energy contract modifications, but the California Public Utilities Commission (CPUC) opposes FERC’s proposed rule, saying it “contravenes existing statutory law” [RM05-35].

The Edison Electric Institute (EEI), which represents investor-owned utilities, opposes any effort by Congress to limit utility access to natural gas for electric generation, dictate what fuel should be used to produce electricity or federally mandate the efficient dispatch of generation plants, EEI President Tom Kuhn told a Senate panel Tuesday.