Learned

A handful of prevention and mitigative strategies would limit the exposure of other liquefied natural gas (LNG) facilities to the “cascading events” that caused the deadly explosion at the LNG complex in Skikda, Algeria earlier this year, according to a joint report by the Department of Energy (DOE) and Federal Energy Regulatory Commission.

Ohio could eventually become the home of two new coal-fired power plants that combined would generate over 2,000 MW, NGI has learned. But a spokesperson for the Ohio Public Utility Commission (PUC) last Wednesday said that until the company or companies considering the plants actually announce an intention to construct the facilities, the state commission won’t disclose any additional information.

Williams said Friday it has learned that a few traders in its natural gas trading business have provided inaccurate pricing information on natural gas trades to an energy industry publication that compiles and reports index prices.

The key lessons learned in the financial massacre of leading gas and electric companies are that “balance sheet matters…real cash flow matters…assets matter…and dividends matter,” Southern Co.’s CFO Gale Klappa told the Banc of America Securities Energy & Power Conference last Wednesday.

Among the many lessons to be learned from California’s energy debacle is that restructuring has a better chance of succeeding when more of the power in a market is free to respond to price signals, according to a recent report issued by the Congressional Budget Office (CBO) examining the causes and lessons of California’s electricity crisis.

Despite higher cash market prices, natural gas futures checked lower Monday as traders learned that neither of the tropical systems being monitored Friday had been able to strengthen over the weekend. The October contract suffered the largest setback, tumbling 10.8 cents to finish at $2.392.