PG&E Corp. managed to avoid being added to the recession’s casualty list on Tuesday as proceeds from a multi-year tax settlement pushed 4Q2008 consolidated net income to $517 million, or $1.37/share, which is more than double the $203 million, or 56 cents/share, in the same quarter of 2007.
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Transportation Notes
After allowing a one-day systemwide Stage 2 low-inventory OFO to lapse Friday, Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO on its California Gas Transmission system for Saturday. A tolerance of 9% was set for positive daily imbalances, with noncompliance penalties of $1/Dth.
Excess Coke Could Feed Synthetic Gas Production
The manufacture of synthetic gas is rising on the Alberta government’s priority list of industrial research projects as, not least, a productive way to dispose of an environmental byproduct of the oilsands.
Synthetic Gas Production Could Absorb Petroleum Coke from Oilsands
The manufacture of synthetic gas is rising on the Alberta government’s priority list of industrial research projects as, not least, a productive way to dispose of an environmental byproduct of the oilsands.
Governors, Clinton-Era Officials in Running for Interior
A crowded field of former and existing western governors and former Clinton-era officials are topping the list of candidates being mentioned for secretary of the Interior Department in an Obama administration.
Governors, Clinton-Era Officials in Running for Interior
A number of former and existing western governors and former Clinton-era officials are topping the list of candidates being mentioned for secretary of the Interior Department in an Obama administration.
Transportation Notes
MRT said it is issuing a System Protection Warning (SPW) Wednesday due to forecasts of warm weather in its service area. See the bulletin board for a list of SPW conditions.
Transportation Notes
Citing high linepack and forecasted high temperatures, MRT said a System Protection Warning (SPW) will take effect on its system Thursday. See the bulletin board for a list of SPW conditions.
Producers Scale Back Production Estimates, Capex Budgets
Independent producers Devon Energy Corp. and PetroQuest Energy Inc. Monday joined the growing list of domestic producers that have scaled back their quarterly production projections and/or cut back their capital expenditures (capex) due to lagging natural gas prices, reduced production volumes in the aftermath of Hurricanes Gustav and Ike and the growing credit crunch.
Columbia, Shippers Resolve Dispute over Delivery Points
Shippers have withdrawn their complaint accusing Columbia Gas Transmission of unilaterally trying to implement a new and revised master list of interconnection (MLI) points, a move that shippers said would have seriously impaired their ability to schedule primary firm transportation on Columbia’s system.