At the dawn of the shale age, “location, location, location” matters as much to natural gas storage projects as it ever did. But robust supplies from shales have helped deflate the New York Mercantile Exchange (Nymex) forward curve, leaving storage developers to ask, “Where did my spread go?”
Matters
Articles from Matters
Nike Puts Its Swoosh on LNG to Minimize Port Pollution
“Just Do It,” is what its advertisements encourage consumers to do, so Beverton, OR-based Nike Inc. followed similar advice on energy matters from California officials and has converted its cargo-hauling fleet at the Long Beach-Los Angeles Port from diesel to liquefied natural gas (LNG)-fueled vehicles.
FERC Fines BP, Anadarko for Violating Capacity Release Policies
FERC late Thursday assessed civil penalties totaling $7.3 million in approving settlements of two separate enforcement matters involving BP Energy Co. and Anadarko Petroleum Corp. subsidiary MGTC Inc. The penalties against BP coincided with a sweeping action by the Environmental Protection Agency, the Commodity Futures Trading Commission and the Department of Justice, also on Thursday.
KeySpan: Proxy Advisory Firm Favors KeySpan-National Grid Merger
KeySpan Corp. Tuesday said Institutional Shareholder Services (ISS), the influential proxy advisory firm that advises institutional investors in proxy voting matters, has recommended a vote in favor of KeySpan’s proposed merger with United Kingdom’s National Grid.
NGI The Weekly Gas Market Report
Bodman Tells AK Lawmakers to Hurry Up on Pipeline
This week the Alaska Legislature will begin a second special session to consider matters related to the proposed Alaska Natural Gas Pipeline. Last week lawmakers were urged to get a move on.
NGI The Weekly Gas Market Report
Enron-FERC Staff Settlement Comes Under Fire from Montana AG, U.S. Senator
A recently filed settlement between Enron and FERC trial staff that resolves certain matters and claims tied to Enron’s actions and transactions in western energy markets over several years [EL03-180, et al.] has come under attack from the Montana attorney general and U.S. Sen. Maria Cantwell (D-WA).
Energy Secretary Nominee, Gas Association Leaders See Energy Bill as a Top Priority
A comprehensive energy bill will be “among the most important matters to come before this Congress” in the upcoming months, Energy Secretary nominee Sam Bodman said during his Senate confirmation hearing last Wednesday. Business leaders and representatives of leading natural gas associations echoed that sentiment at a “State of the Energy Industry” roundtable last week.
Energy Secretary Nominee Sees Energy Bill as a Top Priority
A comprehensive energy bill will be “among the most important matters to come before this Congress” in the upcoming months, Energy Secretary nominee Sam Bodman said during his Senate confirmation hearing Wednesday.
People
Dynegy Inc. has named Layne J. Albert as vice president – tax. In this capacity, Albert will be responsible for all tax matters relating to the company and its business segments. He will report to CFO Nick Caruso. Albert, 38, has more than 12 years of tax and tax-related experience and most recently was vice president of taxes with Encompass Services Corp., where he was employed for the past five years. Albert also has worked for Tenneco Inc., Ernst & Young LLP and Chamberlain, Hrdlicka, White, Williams and Martin, a Houston-based law firm. Albert earned a bachelor’s degree in Business Administration – Accounting from the University of Texas at Austin, a doctorate of jurisprudence from South Texas College of Law and a master’s degree in Laws in Taxation from the University of Houston.
FERC Holds Closed Door Meeting on Enforcement Matters
FERC met in closed session on Wednesday following its regularly scheduled open agenda meeting to discuss enforcement-related issues at the Commission, a move that Commissioners said is likely to become a regular part of the agency’s routine, as it is at FERC’s sister regulatory agencies in Washington, DC.