The only thing John Olson, energy analyst for Sanders Morris andMundy, needed yesterday following his speech at a producers’conference on gas supply and demand at the Canadian embassy inWashington, D.C., was a producer to volunteer to step up on stageand be slapped around.
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Larry Bickle, John Strom and Chris Jones, the three founders ofTPC Corp. (formerly Tejas Power Corp., which was sold to PacifiCorpin April of last year) haven’t lost sight of their goal ofdeveloping a large network of new high-deliverability storage hubs.But in contrast to TPC, Western Hub Properties LLC (WHP), their newcompany formed in April, plans to focus on the West rather thanbuilding projects in the eastern U.S.
The Pennsylvania Senate voted Wednesday to confirm Chester, PAMayor Aaron Wilson Jr. to the state Public Utility Commissionreplacing Commissioner John Hanger and effectively ending thatstate’s leadership toward substantive electric and natural gasderegulation. Only a handful of senators opposed the nomination.
The Pennsylvania Public Utility Commission will go from being “awatchdog to a lapdog,” Commissioner John Hanger commented followingthe announcement the governor had chosen a staunch supporter ofPeco Energy, Chester, PA Mayor Aaron Wilson Jr. to replace Hanger.
Rep. John E. Ensign (R-NV) proposed legislation late last weekthat would provide a 50-cent income tax credit for each gallonequivalent of natural gas, propane and methanol used in vehiclesplaced in service after Dec. 31, 1997. The tax credit will act as a”significant financial” incentive for fleet managers and others tostep up their use of clean, domestic fuels.