Sempra Energy passed a five-year milestone in its natural gas infrastructure projects in Mexico earlier this month, touting its projects as meeting all of their major shareholder and customer goals. Since 1997, the company has invested $650 million in Mexico, built a Mexican work force of 350 and connected more than 50,000 customers in three population centers in northern Mexico: Mexicali, Chihuahua and La Laguna-Durango.
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FERC Sees ‘Environmentally Preferable’ Alternative to Islander East Project
Although KeySpan’s Connecticut-to-New York Islander East Pipeline project appears to have passed final environmental muster at FERC this week, agency staff conceded there is an “environmentally preferable” system alternative to the proposed pipeline.
White House Turns Over Papers on Enron Ties Under Tight Security
Hours after the deadline passed for the White House and the Office of the Vice President to comply with congressional subpoenas, the White House late last Tuesday began turning over documents to the Senate Governmental Affairs Committee related to its contacts with the now-bankrupt Enron Corp. The committee said “one box and one accordion folder of documents” had been delivered by the end of the day, containing about 2,170 pages of e-mails and other papers.
CA Assembly Passes Edison Rescue Bill; Sends It Back to Senate
As midnight was closing in Thursday, the lower house Assembly in California’s legislature passed on a 41-32 vote a revised rescue package to restore Southern California Edison Co.’s financial viability and to inject a healthy dose of re-regulation into the market for small residential and commercial electricity consumers. The measure goes back to the state senate where it faces an uncertain fate.
White House, House Far Apart on Energy Tax Amount
The White House last week dodged questions about how the $33.5 billion in tax incentives and credits passed by the House of Representatives in its omnibus energy bill — more than three times the amount proposed by President Bush — would be funded.
Cheney Sees Energy Bills Adopted by Year’s End
Vice President Dick Cheney says he expects to see a broad range of energy legislation passed by Congress and signed into law by President Bush by the end of the year.
Consumers Energy Prepares Customers for Prices
Getting in line with the rest of the country that has alreadypassed the increased costs of natural gas through to its customers,Consumers Energy of Michigan has begun warning its customers thatthe three-year price freeze imposed on its voluntary Gas CustomerChoice program instituted in April 1998, will come to an end inMarch 2001.
Consumers Energy Prepares Customers for Prices
Getting in line with the rest of the country that has alreadypassed the increased costs of natural gas through to its customers,Consumers Energy of Michigan has begun warning its customers thatthe three-year price freeze imposed on its voluntary Gas CustomerChoice program instituted in April 1998, will come to an end inMarch 2001.
CA Gov. Signs New Energy Bailout Bill
California legislators Thursday passed a new law with a $10billion price tag authorizing the state to sign long-termelectricity contracts and also stabilize the financially troubledtwo largest investor-owned utilities. The governor hurried to signthe measure yesterday afternoon before departing to attend aWestern Governors’ Association energy roundtable with the top BushAdministration Friday in Portland, OR.
Deadline Passed for Avista Class Action Lawsuits
The lead plaintiff deadline was last week for class action lawsuits on behalf of Avista Corp.’s stockholders who may have lost money after the company reported a loss of $22 million in the second quarter. The losses followed unhedged power trades in the forward market in the second quarter.