PG&E Corp.’s recent billion-dollar re-financing loan andother moves by its counterparts at Southern California Edison Co.will not stop the two from trying to work out a deal with the statethat includes the sale of their transmission assets and assurancesof providing long-term power supplies at below market prices. Butthere are doubts about whether the financial community will befavorably impressed by the deal.
Moves
Articles from Moves
MCN Moves Closer to Appeasing FTC
With regards to the proposed merger between MCN Energy Group andDTE Energy Co., the Michigan Public Service Commission (MPSC)approved a special agreement yesterday targeted at resolvingconcerns raised by the Federal Trade Commission (FTC). Under thespecial agreement, MCN’s natural gas utility, Michigan ConsolidatedGas Co. (MichCon), will be able to sell system capacity to a unitof Exelon.
February 15, 2001
Market Moves Higher as Traders Wait for Weather, Storage
After a lower open, natural gas futures clawed higher Tuesday astraders looked past falling physical prices to side withconstructive long-lead weather outlooks and bullish storageexpectations. The February contract gained 13 cents to close at$9.819, but the real news of the day was buying in the out-months,which enabled the 12-month strip to advance 18.1 cents to close at$6.63.
January 10, 2001
DOT Moves to Toughen Pipe Safety Laws
The Department of Transportation (DOT) has issued a final ruleaimed at toughening the safety standards for large pipelinestransporting hazardous liquids through heavily populated andenvironmentally sensitive areas of the nation. The agency furtherindicated that a comparable rule for natural gas pipelines is onthe horizon.
November 13, 2000
DOT Moves to Toughen Pipe Safety Laws
The Department of Transportation (DOT) Friday issued a finalrule aimed at toughening safety standards for pipelinestransporting hazardous liquids through heavily populated andenvironmentally sensitive areas of the nation. The agency furtherindicated that a comparable rule for natural gas pipelines is onthe horizon.
November 7, 2000
Laclede Moves to Split Regulated, Unregulated Units
Laclede Gas Co. has moved to separate its regulated andunregulated entities in an effort to give the unregulated arm ofthe natural gas distributor more flexibility and financing options.The St. Louis company’s board of directors voted for authorizationfrom the Securities and Exchange Commission to reorganize.
October 30, 2000
Stagecoach Storage Moves Closer to Launch
FERC issued a favorable environmental assessment on Central NewYork Oil & Gas Co.’s (CNYOG) Stagecoach Natural Gas StorageFacility, which is to be located near Binghamton, NY.
September 25, 2000
MMS Moves to Extend Royalty Relief for Deepwater
Responding to projected shortages in natural gas and oilsupplies, the Minerals Management Service (MMS) has announcedproposed new rules to selectively extend deep-water royalty reliefin the Gulf of Mexico past the Nov. 28 expiration of the currentrelief program.
September 18, 2000
Constellation Power Moves into the Top 10
After selling more than 27.4 million MWh in the second quarter— an increase of 93% over second quarter 1999 — Baltimore-basedConstellation Power Source says it is on track to realize itsvision of becoming a first-class national merchant energy company,standing in eighth place for wholesale electric power marketersbased on sales volume. It was in 57th place just three years ago.
September 15, 2000
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