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As predicted by National Energy Board (NEB) member Jean-Paul Theoret in a winter speech to a Quebec lawyers’ conference, the first results of unleashing competition in the formerly stable Canadian natural gas pipeline community are “messy markets” and potentially “messy outcomes.” That became clear in one of the first tests of the NEB’s declared intentions to encourage growth of a true market in transportation services by making flexibility and adaptability the watchwords for a new era of light-handed regulation.

New York Mercantile Exchange Chairman Daniel Rappaport hasannounced he will not seek reelection for a fifth term as chairman.Rappaport has been a member of the exchange since 1981 and servedas chairman since 1983.ÿ

It’s been a little more than a week since the Intercontinental Exchange launched online energy trading among member companies, and the site already has posted $1 billion in energy transactions, putting the new exchange immediately into the running among major energy e-trading sites. The company claimed its first full week of energy trading was highly successful, with growing participation and expanding trade volumes.

It’s been a little more than a week since the IntercontinentalExchange launched online energy trading among member companies, andthe site already has posted $1 billion in energy transactions.

The California electric transmission grid operator’s (Cal-ISO’s)26-member board today will consider various proposals from itsmembers and staff for imposing some form of wholesale price capsunder its existing federal authorization to do so. They would betargeted at specific generators or demand levels.

In an unprecedented special session Monday, the five-memberCalifornia Public Utilities Commission provided added retailelectricity rate relief for San Diego consumers who are stillreeling from this summer’s rate shock.

Texas stands to play a larger role in meeting the nation’sdemand for natural gas, according to one member of the TexasRailroad Commission. After reviewing a report by the NationalPetroleum Council titled “Meeting the Challenges of the Nation’sGrowing Natural Gas Demand,” TRC Commissioner Tony Garza said hesaw opportunities for the state.

Seeking emergency relief for Texas oil and gas producerssuffering from low commodity prices, the three-member TexasRailroad Commission (TRC) last week voted to propose statelegislation to suspend severance tax payments when the price foroil and gas drops below $15/barrel of oil or $1.50/Mcf of naturalgas as determined by the Comptroller of Public Accounts

Seeking emergency relief for Texas oil and gas producerssuffering from low commodity prices, the three-member TexasRailroad Commission (TRC) last week voted to propose statelegislation to suspend severance tax payments when the price foroil and gas drops below $15/barrel of oil or $1.50/Mcf of naturalgas as determined by the Comptroller of Public Accounts.