The House last week overwhelmingly passed legislation to exempt commercial end-users from margin requirements and ease regulations for affiliate transactions.
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SoCalGas (Again) Gets OK for $1B Smart Meter Program
For the third time, California regulators Thursday gave the green light to Sempra Energy’s Southern California Gas Co. (SoCalGas) to embark on a proposed $1 billion, multi-year transition to an advanced metering system consistent with what all of the state’s other private-sector utilities have been doing the past five years.
Urban Gas Storage Gets Nod in California, But Regulator Revises
A state regulatory judge last Friday indicated that he is recommending that the California Public Utilities Commission (CPUC) give a green light to a proposal to develop an underground natural gas storage field under a residential neighborhood in the southeast corner of Sacramento, but the assigned CPUC member has filed an alternative.
Gas Transportation Fueling Gets Boost in Georgia, Missouri
In a program authorized by state regulators late last year, Atlanta Gas Light Co. (AGL) on Monday issued a request for proposals (RFP) for developers interested in building compressed natural gas (CNG) fueling stations for commercial fleets and passenger vehicles in Georgia. The RFP envisions a five-year push that could cost nearly $12 million.
MF Global Implosion Puts Spotlight on Regulatory Gaps
Shocking details surrounding the surprise bankruptcy of securities firm giant MF Global Holdings Ltd. were coming to light last week after the company turned in its Chapter 11 papers Monday following an ill-timed bet on the European debt markets.
Experts Call for LNG Exports to Be Market Driven
In light of the natural gas supply revolution in the United States, four energy experts told a Senate energy panel Tuesday that they support the export of liquefied natural gas (LNG).
Experts Agree: LNG Exports Should Be ‘Driven by Market’
In light of the natural gas supply revolution in the United States, four energy experts told a Senate energy panel Tuesday that they support the export of liquefied natural gas (LNG).
EQT Halts Huron Shale Drilling on Low Prices
EQT Corp. is suspending its Huron Shale program “indefinitely” in light of low commodity prices, the Pittsburgh company announced in a one line statement Friday.
Unquenchable Thirst for Unconventional Resources Continues
Domestic upstream merger and acquisition (M&A) deals in 2011 set another record, fueled by unconventional oil and natural gas, a survey by PLS Inc. has found.
February Closes at $2.989; First Sub-$3 Settle in More Than Two Years
February natural gas fell nearly 4 cents Friday in light holiday-flavored trading to settle at its lowest point in more than two years. At the close February had retreated 3.8 cents to $2.989 and March put in an equally uninspired performance, losing 3.9 cents to $3.016. February crude oil fell 82 cents to $98.83/bbl.