Seeking to set aside what it called an “inappropriate”multi-billion verdict in which a jury awarded the State of Alabama$87 million in compensatory damages and $3.4 billion in punitivedamages over unpaid royalty fees, ExxonMobil Corp. filed an appealyesterday with the Circuit Court of Montgomery County, AL.
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Edison Files Suit to Re-Impose Price Controls in CA
Southern California Edison made good on its threat to go tocourt if FERC failed to respond immediately to its request tore-impose price controls on bulk power sales in the in theout-of-control California market.
PG&E GT-NW Unveils Multi-Phase Expansion Plan
Responding to tight energy supplies in the Pacific Northwest and California, PG&E Corp.’s National Energy Group revealed plans last week to begin an open season early next year, kicking off a five-year expansion effort. The first phase would add 200 MMcf/d of firm transportation capacity out of western Canada on its Gas Transmission-Northwest (GTN) pipeline system. The PG&E GTN group expects the phase one expansion to be in service by November 2002 at the latest.
Elwood Energy, Aquila Sign Long-Term PPA
Elwood Energy LLC, located about 60 miles southwest of Chicago,has signed a multi-year power plant sales agreement with AquilaEnergy for the output of Elwood’s phase II expansion of itsgas-fired peaking facility. When the Elwood, IL facility becomesoperational next summer, it will double the capacity of itsexisting 600 MW merchant facility, bringing the total capacity to1,350 MW.
Columbia Gas Supplies OH Plant
Columbia Gas Transmission has signed a multi-year agreement tosupply natural gas delivery service to FirstEnergy’s proposed 425MW power plant addition in Lorain, OH. The agreement is good for 10years.
Columbia Gas Supplies OH Plant
Columbia Gas Transmission, has signed a multi-year agreement tosupply natural gas delivery service to FirstEnergy’s proposed 425MW power plant addition in Lorain, OH. The agreement is good for 10years.
Maine Natural Inks Gas Pact with the Government
Maine Natural Gas (MNG) has signed a multi-year contract thatwill guarantee gas service to the Mid-Coast region of Maine. MNG, ajoint venture formed by CMP Group and Energy East, signed anagreement with the Federal Government to provide natural gastransportation to the Brunswick Naval Air Station located inBrunswick.
El Paso Energy Plans Deep Water Platform
El Paso Energy yesterday announced subsidiaries would developits interest in the Prince prospect, installing a multi-purposetension leg platform (TLP), in the Ewing Bank Block 958 unit in theGulf of Mexico.
Utilicorp Plant Awards Contract to Laclede
Laclede Energy Resources said last week that it has finalized amulti-year arrangement with UtiliCorp United Inc. to provide asignificant portion of the gas supply for a 600 MW power plantcurrently under construction in Pleasant Hill, MO.
NJ, Sponsors Seek Review of Decision on Northeast Projects
Critics of the controversial multi-state gas pipeline project— Independence Pipeline and the associated SupplyLink andMarketLink expansions — insist FERC treated the projects with kidgloves in its interim order last month, while the project sponsorsargue the Commission held their projects to unprecedented higherstandards that may be impossible to meet.