Overhaul

Sempra Utilities Look No FARther than SoCal Citygate

Sempra Energy’s utility overhaul of the Southern California natural gas transmission pipeline and storage system with its new firm access rights (FAR) was implemented late last month. And while experts agree that it will take several months for the market to make a complete transition to the new system, trading liquidity and volume were promising at the delivery location, providing ample data for NGI to debut its new SoCal Citygate price index on Oct. 1.

October 6, 2008

Sempra Utilities Implement FAR; SoCal Citygate Index Debuts

Sempra Energy’s utility overhaul of the Southern California natural gas transmission pipeline and storage system with its new firm access rights (FAR) was implemented late last month. And while experts agree that it will take several months for the market to make a complete transition to the new system, trading liquidity and volume were promising at the delivery location, providing ample data for NGI to debut its new SoCal Citygate price index on Oct. 1.

October 3, 2008

Sempra Readies Firm Rights; New SoCal Pricing Point Possible

Sempra Energy is gearing up for the June 30 launch of a major operational overhaul of its Southern California natural gas transmission and storage system. The new system — six years in the making and including a bid-based market for firm pipeline access rights (FAR) and off-system deliveries (OFF) — is designed to provide more flexibility, reliability and a new citygate pricing point.

April 28, 2008

New SoCal Gas Firm Rights Transmission Market Readied

Sempra Energy is gearing up for the June 30 launch of a major operational overhaul of its Southern California natural gas transmission and storage system. The new system — six years in the making and including a bid-based market for firm pipeline access rights (FAR) and off-system deliveries (OFF) — is designed to provide more flexibility, reliability and a new citygate pricing point.

April 24, 2008

Congress Strives to Vote Out Energy Bill By August Recess; MTBE Plan Unveiled

After pushing for an overhaul of the nation’s energy policy since 2001, President Bush could get his wish this year as the U.S. Congress may actually make good on his request to have an agreed-upon energy bill on his desk by Aug. 1 — or not.

July 25, 2005

Trauma Hits Energy Merchants, Several Begin Major Financial Overhaul

The financial pressure cooker is on high, and energy companies caught in the soup are scrambling to avoid getting burned. Early last week the kitchen got too hot for Dynegy Corp.’s Chairman and CEO Chuck Watson, who after 17 years, was immediately replaced by a top ChevronTexaco executive. By week’s end, El Paso Corp. and Williams Cos. had begun drastic financial measures to cool the credit rating agencies and investors. CMS Energy Corp. also joined in, moving to catapult what remains of its exploration and production division (see related stories).

June 3, 2002

El Paso to Remove Off-Balance Sheet Debt, Sell Gulf, Midcontinent, Rockies Assets

As part of a massive overhaul of El Paso Corp., conceived by the management team after the stock fell amid rumors of dubious debt transactions (a la Enron Corp.), the company made two major announcements last week: it simplified its balance sheet to remove any off-balance sheet debt, and it announced it will divest itself of $2.25 billion in assets by the second quarter in the Gulf of Mexico, Midcontinent and the Rocky Mountains to enhance its liquidity.

April 15, 2002

CO PUC Mulls Changes to Utility Resource Planning Rules

As the Colorado Public Utilities Commission (PUC) considers whether to overhaul or eliminate its integrated resource planning (IRP) requirements for electric utilities in the state, the state commission is being urged to create a process that does not limit the resource options of utilities, while also allowing the PUC to continue its support of demand-side programs, among other things.

July 16, 2001

CO PUC Mulls Changes to Utility Resource Planning Rules

As the Colorado Public Utilities Commission (PUC) considers whether to overhaul or eliminate its integrated resource planning (IRP) requirements for electric utilities in the state, the state commission is being urged to create a process that does not limit the resource options of utilities, while also allowing the PUC to continue its support of demand-side programs, among other things.

July 11, 2001

Missouri AG Calls for Gas Regulation Overhaul

Finding no evidence of illegal activity on the part of localdistribution gas companies, Missouri Attorney General Jay Nixonstill wants the state’s system of natural gas regulation overhauledbecause it does not provide consumers with appropriate protectionsfrom “dramatic price increases.”

March 2, 2001