Dominion is investigating the possible sale of four merchant power plants located in Indiana, Pennsylvania, West Virginia and Ohio, CEO Tom Farrell told investors during a conference call last week. Meanwhile, the company is keeping an eye on the Point Beach nuclear power plant, which could be put up for sale by Wisconsin Energy.
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House Panel Cites Interior ‘Cover-Up’ in Missing Lease Price Caps
A House Government Reform subcommittee investigating the absence of price thresholds in deepwater oil and natural gas leases negotiated in 1998 and 1999 said it has uncovered a “trail of irresponsibility and gross mismanagement” by the Department of Interior that led to the omissions, and an apparent “cover-up” that served to only worsen the problem.
Connecticut AG Probes Generator Actions During Recent Cold Spell
Connecticut Attorney General Richard Blumenthal is investigating the actions of power suppliers during a recent bone-chilling freeze that blanketed the Northeast, saying he has information that some generators sold natural gas on the spot market that could have otherwise been used for their own power plants during the recent power supply crunch.
El Paso Says SEC Investigating Power Contract Restructurings
El Paso Corp. said last week it would cooperate fully with a Securities and Exchange Commission (SEC) investigation that apparently is focused principally on the company’s power plant contract restructurings, related disclosures and accounting, including in particular its Eagle Point transaction that was completed last year.
El Paso Says SEC Investigating Power Contract Restructurings
El Paso Corp. said it intends to cooperate fully with a Securities and Exchange Commission (SEC) investigation that apparently is focused principally on the company’s power plant contract restructurings, related disclosures and accounting, including in particular its Eagle Point transaction that was completed last year.
Transportation Notes
After excavating and investigating mainline anomaly locations identified through pigging data, Northwest said Monday several locations require pipe replacements that will be done Tuesday through Friday this week. It issued a notice of Declared Deficiency Period and posted this schedule of impacts: Sept. 23-26, the Vernal Cut Point must net to zero all four days; Sept. 23, all receipt/delivery points between valves 2-7 and 2-8A will be cut to zero, including Bar-X, Bar-X Premier, Badger Wash, Grand Junction and Calf Canyon LFC; and Sept. 25, all receipt/delivery points between valves 2-9 and 2-10 will be cut to zero, including Foundation Creek, West Douglas, Dragon Trail and Sand Springs.
Transocean Investigating Gas Well Accident that Claims Life
Transocean Inc. said it was continuing to investigate an explosion that occurred late Tuesday on one of its natural gas inland barges in Galveston Bay, claiming the life of an employee.
Transportation Notes
El Paso is investigating a vibration that developed in a turbine at Pecos River Station. Capacity through Pecos River was cut by 60 MMcf/d effective with Thursday’s Cycle 2 nominations until further notice.
Correction
In the report on the adjournment of the FERC hearing investigating alleged market affiliate abuses by El Paso Natural Gas and its affiliates, which ran in NGI’s Daily Gas Price Index for Tuesday, Aug. 7: Note El Paso executives did not refuse to respond to questions from Judge Wagner. El Paso attorneys declined to put the executives on the stand — which would have subjected them to questions from the California Public Utilities Commission and others — as part of the case, saying El Paso’s case was closed. The attorneys said, however, the executives were willing to respond to the judge’s questions. Wagner did not ask any questions.
Transportation Notes
Sea Robin said divers are investigating a reported leak on the “J” leg part of its offshore Louisiana system near Eugene Island Block 295, requiring the leg to be removed from service. The pipeline ceased accepting nominations at affected points Tuesday until further notice.