Pacific Gas and Electric has called on FERC to reject proposalsthat seek to give California utilities less time to pay theirballooning generation cost obligations, and would absolvegenerators of penalties for not supplying power in emergencysituations if customer creditworthiness standards aren’t met.
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OGE Snags Another Transok Contract
OGE Energy Corp. has scored a second natural gas transportationcontract in less than a month for its Transok pipeline system, thelatest with PECO Energy Co.’s Power Team to transport gas to a new800 MW power plant under construction in Jenks, OK. Enogex Inc., anOGE subsidiary, will operate the new facility.
Wisconsin Energy Threatens to Unplug
Wisconsin Energy Corp.’s proposal to build and rebuild powerplants in the state was a little less certain at the end of lastweek after the company threatened to pull the plug on its $6billion proposal if it is not allowed to spin off its power plantsinto an unregulated subsidiary.
Cross Timbers Picks Up East Texas Properties
Independent Cross Timbers Oil Co. is punching up its explorationand production plans in East Texas, announcing an agreement topurchase some of Herd Producing Co.’s gas producing properties inEast Texas and Louisiana for $115 million. The deal includes 500potential drilling locations, with average gross reserve targets of3.5 (2.4 net) Bcf, holding a total resource potential of more than1.2 Tcf.
Wisconsin Energy Threatens to Unplug
Wisconsin Energy Corp.’s proposal to build and rebuild powerplants in the state is a little less certain today after thecompany threatened to pull the plug on its $6 billion proposal ifit is not allowed to spin off its power plants into an unregulatedsubsidiary.
DukeSolutions to Exit, Two to Enter Gas Market in Georgia
After marketing natural gas to Georgia customers for a littleless than a year, DukeSolutions, a unit of Duke Energy, has decidedto throw in the towel. The marketer, which only has firm contractswith 16 customers on the Atlanta Gas Light system, filed a petitionwith the Georgia Public Service Commission (GPSC) to cancel its”Certificate of Authority” to provide natural gas marketingservices in Georgia.
DukeSolutions to Exit Gas Marketing in Georgia
After marketing natural gas to Georgia customers for a littleless than a year, DukeSolutions, a unit of Duke Energy, has decidedto throw in the towel. The marketer which only has firm contractswith 16 customers on the Atlanta Gas Light system, filed a petitionwith the Georgia Public Service Commission (GPSC) to cancel its”Certificate of Authority” to provide natural gas marketingservices in Georgia.
CBM Wells Cost Less But Offer Big Returns
What type of reserves cost comparatively little money toproduce, a few days to complete, have years of production growth inareas once thought to be depleted and offer nearly instant success?If you were thinking coal-bed methane wells, collect your $200 andadvance to Go.
CBM Wells Cost Less but Offer Big Returns
What type of reserves cost comparatively little money toproduce, a few days to complete, have years of production growth inareas once thought to be depleted and offer nearly instant success?If you were thinking coal-bed methane wells, collect your $200 andadvance to Go.
Alliance, Vector Pose Unforeseen Challenges
The impact of the 1.325 Bcf/d Alliance Pipeline and the 1 Bcf/dVector Pipeline on Chicago basis prices will be a lot lesssignificant than some may be expecting, according to several marketobservers speaking at the LDC Forum in Chicago last week.