nymex settlement

People

Interior Secretary Sally Jewelland the top leaders on theSenate Energy and Natural Resources Committeeexpressed support forPresident Obama’schoice ofMichael L. Connorto be deputy interior secretary, succeedingDavid Hayes. Since 2009, Connor has been commissioner of Interior’sBureau of Reclamation, and prior to that he served on Capitol Hill. “Mike will bring a wealth of knowledge and experience to the position after two decades in public service working on energy, conservation and water issues,” Jewell said. Since 2009, Connor has been commissioner of Interior’s Bureau of Reclamation, and prior to that he served on Capitol Hill. If confirmed by the Senate, Connor would be the second highest ranking official at Interior, with statutory responsibility as the COO to help lead a department of more than 70,000 employees and an annual budget of about $12 billion. Connor would continue to serve in his capacity as Interior’s reclamation commissioner, while his nomination is being considered, Jewell said.Sen. Ron Wyden(D-OR), chairman of theEnergy and Natural Resources Committee, andSen. Lisa Murkowski(R-AK), the ranking member of the committee, echoed those sentiments. “Mike Connor is a superb choice to serve as deputy secretary of the Interior,” Wyden said. Murkowski agreed, saying Connor’s “integrity, work ethic and his ability to solve tough resource related issues will make him an asset to the secretary.”

August 5, 2013

Nova Scotia Could Use Straw in Marcellus

Maritimes Canada natural gas consumers should consider taking up to 600 MMcf/d of firm pipeline capacity from the Marcellus Shale to ensure security of supply and avoid the $30.00/MMBtu gas prices seen last winter, ICF Consulting Canada Inc. said in a new study prepared for the Nova Scotia Department of Energy.

August 5, 2013

TVA Calls on FERC to Nix Interruptible Service Rule

The Tennessee Valley Authority (TVA) has called on FERC to eliminate a rule for bumping/no-bump of interruptible transportation (IT), which gives IT gas that is already flowing priority over firm transportation (FT) service.

August 5, 2013

TransCanada Pledges Service Continuity in Mainline Conversion

TransCanada Corp. moved Thursday to calm a hornets’ nest of protest among its natural gas customers in Ontario, Quebec and the northeastern United States by making a formal promise to maintain service continuity.

August 5, 2013

GOP House OKs Bills Limiting Obama Agencies’ Regulatory Power

Before leaving for a five-week recess Friday, the House of Representatives passed a series of Republican-sponsored bills aimed at restricting the ability of the federal government to impose what are viewed as costly regulations. However, the bills are expected to go nowhere in the Democratically controlled Senate. If they do President Obama has signaled that he will veto the measures.

August 5, 2013

Deep Panuke Natural Gas Might Find Home in New England

Encana Corp. was given the green light on Friday to start up the long-awaited Deep Panuke natural gas project offshore Nova Scotia.

August 5, 2013

Cool Temps, Gas Surplus Send August Bidweek Down 21 Cents

This year’s unseasonably cool summer in parts of the eastern United States and a natural gas supply glut brought on by the country’s shale production boom are continuing to put downward pressure on natural gas prices, as evidenced byNGI’s August Bidweek Survey. The national spot gas average for the month dropped 21 cents from July to average $3.45/MMBtu.

August 1, 2013

Northeast Leads ‘Free Fallin’ July Bidweek

With screen prices at a three-month low it’s no surprise that July bidweek came in a bit soft.NGI’s National Spot Gas Average for July bidweek came in at $3.66, a 48-cent decline from June 2013, but 94 cents higher than the July 2012 bidweek average.

July 1, 2013

Clarification

NGI Daily Price Index reported last week that Potomac ElectricPower Co. hoped to sell nearly all of its power generationfacilities — with an estimated capacity of at about 6,055 MW —for an “upside price” of about $3 million. Pepco later correctedthe figure to $3 billion. Pepco further said it hoped to narrow thefield of serious bidders to between six and a dozen by March.

February 8, 2000

Correction

In NGI’s story, “El Paso Pulls Off FTC-Required Sellathon” inthe previous issue (see NGI, Jan. 10), it is erroneously statedthat CMS Energy Corp. purchased both the Sea Robin pipeline and ashare of the Destin Pipeline from El Paso Energy. CMS onlypurchased Sea Robin whereas the Destin Pipeline was sold to anundisclosed party. NGI regrets the error.

January 17, 2000
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