Operates

Pacific Gas and Electric did not extend a systemwide low-inventory OFO beyond Tuesday.

For lack of state regulatory approval in Oregon, one of three states in which it operates, Spokane, WA-based Avista Corp. has abandoned long-standing plans to establish a holding company. The Avista board of directors last Thursday decided to throw in the towel, despite receiving nearly all of the needed state and federal approvals.

An incremental 10-15 Bcf/d of U.S. natural gas supply over the next 10-15 years creates “abundant” opportunities, and Williams’ goal is to be the No. 1 or No. 2 player in every U.S. gas basin in which it operates, CEO Steve Malcolm said last week.

An incremental 10-15 Bcf/d of U.S. natural gas supply over the next 10-15 years creates “abundant” opportunities, and Williams’ goal is to be the No. 1 or No. 2 player in every U.S. gas basin in which it operates, CEO Steve Malcolm said Tuesday.

Energy Savings Income Fund (ESIF), which operates as a trust and owns a number of natural gas and electricity marketers in the United States and Canada, said Monday it entered into a nonbinding letter of intent in late March to acquire Universal Energy Group (UEG), a North American energy retailer, in a stock for stock deal.

Clean Energy Fuels Corp. announced recently it has started up regular operations at its liquefied natural gas (LNG) plant at Boron, CA, the largest LNG production plant in the Southwest producing vehicle grade fuel and the first large-scale plant in California. At the same time the company is seeing its compressed natural gas (CNG) business expand in the far Southwest.

Another producer that operates in the Gulf of Mexico (GOM) said Thursday that hurricanes Gustav and Ike cut into its projected 2008 oil and natural gas production forecasts. Meanwhile, the Minerals Management Service (MMS) reported that 56.4% of the GOM’s usual gas output of 7.4 Bcf/d still was shut in, which is a gain of less than 1% in 24 hours.

FERC has given environmental clearance for Tarpon Whitetail Gas Storage LLC’s proposed natural gas storage facility to be sited in Aberdeen, MS.

Clean fuel advocates in the utility and merchant energy sectors Tuesday lauded California Gov. Arnold Schwarzenegger for signing a new law to help implement the state’s low-carbon fuel standard (AB 118), authored by his political ally in the state legislature, Assembly Speaker Fabian Nunez.