Marking

Marking yet another major step in its ongoing efforts to establish efficient, reliable power markets in the U.S. and prevent undue discrimination in the provision of electric transmission services, FERC last Tuesday conditionally approved an application filed last year by Southwest Power Pool (SPP) to establish a regional transmission organization (RTO).

Taking on a number of one-time charges during the year, Dominion reported 2003 net income of $362 million ($1.14 per share), marking a sizeable drop-off compared to net income of $1.362 billion ($4.82 per share) for 2002.

Taking on a number of one-time charges during the year, Dominion reported 2003 net income of $362 million ($1.14 per share), marking a sizeable drop-off compared to net income of $1.362 billion ($4.82 per share) for 2002.

Marking another milestone in its efforts to emerge from bankruptcy, NRG Energy Inc. last week reported that all of its necessary creditor classes voted overwhelmingly in favor of the company’s proposed plan of reorganization.

BP Canada Energy Co. has appointed Brian E. Frank to the position of president and CEO, marking the first time a Canadian has been appointed to those positions within the company. He succeeds Dennis Roemmich, who is retiring. BP said that during his 20 years of energy industry experience, including the past eight years with BP Canada and its predecessor company Amoco Canada, Frank led the formation of Canada’s foremost natural gas and power marketing and trading entity.

Marking another step in the long journey to get the shuttered 935 MW Davis Besse nuclear power plant back online, FirstEnergy Nuclear Operating Co. (FENOC) officials last week said that a recent pressure test at the plant fully met all of its objectives, including validation of the integrity of the bottom of the plant’s reactor vessel and of the reactor coolant system.

Marking the latest in a series of similar settlements recently reached between power companies and FERC staff, Idaho Power Co. has agreed to pay $83,373 under a proposed agreement filed with FERC trial staff on Thursday. The deal is aimed at resolving allegations that Idaho Power attempted to manipulate the California energy market in 2000-2001.

Marking the ninth consecutive year that the company has replaced more than 100% of its reserves, ExxonMobil Corp. announced Tuesday that additions to its worldwide proved oil and gas reserves totaled 1.9 billion boe in 2002, replacing 117% of production, including property sales.

Marking the international company’s first venture into the United States, Vancouver-BC-based Valkyries Petroleum Corp. (previously known as Santa Catalina Mining) said it has paid approximately US$1.1 million to acquire a major share in a large natural gas exploration project in one of the newest major gas producing regions in South Texas.