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Sens. Joseph Lieberman (D-CT) and Jean Carnahan (D-MO) have called on the General Accounting Office (GAO) to keep a close eye on FERC’s performance in monitoring the energy industry over the next year.

Sens. Joe Lieberman (D-CT) and Jean Carnahan (D-MO) have called on the General Accounting Office (GAO) to investigate whether FERC is carrying out its duty to ensure “reasonable” rates for the sale of wholesale power and the transportation of natural gas in the ailing California energy market.

Sens. Joe Lieberman (D-CT) and Jean Carnahan (D-MO) have called on the General Accounting Office (GAO) to investigate whether FERC is carrying out its duty to ensure “reasonable” rates for the sale of wholesale power and the transportation of natural gas in the ailing California energy market.

As predicted by National Energy Board (NEB) member Jean-Paul Theoret in a winter speech to a Quebec lawyers’ conference, the first results of unleashing competition in the formerly stable Canadian natural gas pipeline community are “messy markets” and potentially “messy outcomes.” That became clear in one of the first tests of the NEB’s declared intentions to encourage growth of a true market in transportation services by making flexibility and adaptability the watchwords for a new era of light-handed regulation.

As predicted by National Energy Board (NEB) member Jean-PaulTheoret in a winter speech to a Quebec lawyers’ conference, thefirst results of unleashing competition in the formerly stableCanadian natural gas pipeline community are “messy markets” andpotentially “messy outcomes.” That became clear in one of the firsttests of the NEB’s declared intentions to encourage growth of atrue market in transportation services by making flexibility andadaptability the watchwords for a new era of light-handedregulation.