Modernization

Department of Energy Secretary Ernest Moniz said the Obama administration is more concerned about the modernization of natural gas pipelines, rather than oil pipelines, but he said that overall the nation’s infrastructure is in good shape.

Department of Energy Secretary Ernest Moniz said the Obama administration is more concerned about the modernization of natural gas pipelines…

As the start of a 15-year effort to replace 70% of current generation sources, including all out-of-state coal-fired power, theLos Angeles Department of Water and Poweris preparing to repower and upgrade Scattergood Generating Station near Los Angeles International Airport. The utility said the plant is part of a multi-billion-dollar modernization program to install more renewable and natural gas-fired generation, and to eliminate the use of sea water cooling in coastal plants like Scattergood.

Increased interstate cooperative projects on everything from bigger oil production to modernization of the natural gas pipeline infrastructure are all part of a 10-year energy plan unveiled Sunday by the Western Governors’ Association (WGA) at the conclusion of its three-day annual meeting in Park City, UT.

The House Appropriations Committee last Tuesday voted out a $33.3 billion spending bill promoting renewable energy, energy efficiency and electricity grid modernization programs in fiscal year (FY) 2010. Oil and natural gas were given short shrift.

The House Appropriations Committee Tuesday voted out a $33.3 billion spending bill promoting renewable energy, energy efficiency and electricity grid modernization programs in fiscal year (FY) 2010. Oil and natural gas were given short shrift.

Senate repeal of the Commodity Futures Modernization Act (CFMA), which would subject trading of over-the-counter energy derivatives to greater regulatory oversight, “would rescind significant advances” that have been brought about by the 14-month-old law, and in the end could accelerate flight to overseas markets, warned the head of the Commodity Futures Trading Commission (CFTC).

Senate repeal of the Commodity Futures Modernization Act (CFMA), which would subject trading of over-the-counter energy derivatives to greater regulatory oversight, “would rescind significant advances” that have been brought about by the 14-month-old law, and in the end could accelerate the flight to overseas markets, warned the head of the Commodity Futures Trading Commission (CFTC).