Principal

Jacob Dweck, a lawyer and principal with the LNG Solutions Group, would rather not describe gas quality/interchangeability issues as a “hurdle” for liquefied natural gas (LNG) developers, utilities and end-users, but rather as an opportunity.

Consumers Energy, the principal subsidiary of CMS Energy, has reached an agreement to sell the utility’s interests in the 1,500 MW Midland Cogeneration Venture power plant to GSO Capital Partners and Rockland Capital Energy Investments for $60.5 million.

PRB Energy Inc. of Denver acquired about 630 coal bed methane wells on 29,500 acres from Pennaco Energy Inc., also of Denver. PRB is the principal gatherer serving the wells.

Moody’s Investors Service Monday placed the ratings for Dominion Resources, Inc. and its principal subsidiaries, Virginia Electric and Power Company (VEPCO) and Consolidated Natural Gas Company (CNG), on review for possible downgrade, citing weaker than expected recent financial performance and a higher degree of risk than most utilities due to its E&P operations, its non-regulated merchant generation business and a sizeable commodity risk management business.

Sempra Energy’s Southern California Gas Co. and its principal interstate supplier, El Paso Natural Gas Co., have a preliminary agreement on a new contract for 750 MMcf/d of capacity on El Paso’s system to take care of SoCalGas’ core customers, according to a Securities and Exchange Commission filing last Tuesday by El Paso. SoCal’s offices were closed Thursday for the Christmas holiday, so the company could not confirm the details.

Sempra Energy’s Southern California Gas Co. and its principal interstate supplier, El Paso Natural Gas Co., have a preliminary agreement on a new contract for 750 MMcf/d of capacity on El Paso’s system to take care of SoCalGas’ core customers, according to a Securities and Exchange Commission filing last Tuesday by El Paso. SoCal’s offices were closed Thursday for the Christmas holiday, so the company could not confirm the details.

While being bullish about adding major generation assets in its two principal markets in Minnesota and Colorado, Xcel Energy is looking to sell some of its assets in other states where its presence is much smaller, said Xcel COO Dick Kelly, speaking last Wednesday at the Banc of America Securities Energy & Power Conference in Las Vegas.

While being bullish about adding major generation assets in its two principal markets in Minnesota and Colorado, Xcel Energy is looking to sell some of its assets in other states where its presence is much smaller, said Xcel COO Dick Kelly, speaking Wednesday at the Banc of America Securities Energy & Power Conference in Las Vegas.

While being bullish about adding major generation assets in its two principal markets in Minnesota and Colorado, Xcel Energy is looking to sell some of its assets in other states where its presence is much smaller, said Xcel COO Dick Kelly, speaking Wednesday at the Banc of America Securities Energy & Power Conference in Las Vegas.