Southern California Gas ended a high-linepack OFO Sunday. Northern California neighbor Pacific Gas and Electric had a systemwide high-inventory OFO in effect Sunday but canceled it Monday.
Neighbor
Articles from Neighbor
Salazar Wants ‘Global Gold Standard’ for Deepwater Drilling
In recent talks with Mexican energy and government officials, Interior Secretary Ken Salazar said the United States and its neighbor to the south have begun laying the groundwork for common standards and regulations to govern oil and natural gas drilling in the deepwater Gulf of Mexico (GOM).
Salazar Wants ‘Global Gold Standard’ for Drilling in Deepwater GOM
In recent talks with Mexican energy and government officials, Interior Secretary Ken Salazar said the United States and its neighbor to the south have begun laying the groundwork for common standards and regulations to govern oil and natural gas drilling in the deepwater Gulf of Mexico (GOM).
SoCal Cities Say No to More Coal-Fired Power
Following the lead of its larger neighbor in Los Angeles, five smaller city-run utilities in Southern California Monday decided not to extend their long-term contracts for coal-fired electric supplies from the mammoth Intermountain plant in Utah that is operated by the Los Angeles Department of Water and Power (LADWP). The decision by the five cities reverses actions taken last month by their respective city councils to extend the contracts that currently don’t expire until 2027.
Enterra Energy Trust to Acquire Calgary Neighbor for C$55 Million
Enterra Energy Trust said Monday that it has entered into an agreement under which a subsidiary will acquire all of the issued and outstanding common shares of Rocky Mountain Energy Corp.(RME).
Transportation Note
Southern California Gas declared a high-linepack OFO for Saturday. Its utility neighbor to the north, Pacific Gas & Electric, did not issue an OFO despite projecting that linepack would bump up against its maximum target levels Sunday and Monday.
Southwest Gas Corp. Gets Ratings Boost from S&P
Unlike its other private-sector utility neighbor, Las Vegas-based Southwest Gas Corp. Monday had its credit ratings affirmed (BBB-) and its outlook improved to “stable” by Standard & Poor’s Ratings Services (S&P), which noted that the natural gas utility has about $1.1 billion in debt outstanding. Nevertheless, it faces the prospect of continued frequent rate increase filings on top of a recently received cumulative $41 million general rate hike in Arizona and Nevada.
Canada Cuts Gas Exports to Refill Storage
As Canada continues its own struggle to refill gas storage, the country’s southern neighbor is feeling the brunt of the impact in the form of severely reduced imports, according to Jefferies & Co. analyst Frank Bracken. For the first week of June, Canadian exports logged their lowest weekly level in six-years.
Canada Cuts Gas Exports to U.S. to Focus on Own Storage Situation
As Canada continues its own struggle to refill gas storage, the country’s southern neighbor is feeling the brunt of the impact in the form of severely reduced imports, according to Jefferies & Co. analyst Frank Bracken. For the first week of June, Canadian exports logged their lowest weekly level in six-years.
Transportation Notes
Pacific Gas & Electric did not extend a high-linepack OFO beyond Friday, but its neighbor to the south, Southern California Gas, had a similar Overnominations Day notice in place Saturday.