In the wake of Sept. 11, 2001 and the much higher profile for international terrorism, environmentalists and elected officials are taking a closer look at the resurgence of interest in operating liquefied natural gas (LNG) terminals in the United States, with new concerns about the federal government being poised to okay the re-opening of several East Coast LNG terminals.
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Environmentalists Turn Their Sights to LNG Terminals
In the wake of Sept. 11, 2001 and the much higher profile for international terrorism, environmentalists and elected officials are taking a closer look at the resurgence of interest in operating liquefied natural gas (LNG) terminals in the United States, with new concerns about the federal government being poised to okay the re-opening of several East Coast LNG terminals.
CA Class Action Attorney Wants Enron Bankruptcy
The San Diego attorney spearheading a high-profile class action lawsuit aimed at Dynegy and four other merchant generators selling in California’s wholesale power market Tuesday told the San Diego Union-Tribune in a news report that the state’s energy consumers would be better served by Enron Corp. going into bankruptcy rather than being rescued in a merger.
Canadian Superior Ends Bid for Canadian 88
Following weeks of nasty accusations by both sides in a high profile hostile takeover attempt, Canadian Superior Energy Inc. has quietly withdrawn its bid for Calgary crosstown rival Canadian 88 Energy Corp., citing Canadian 88’s “erosion” of shareholder value relative to its own. Canadian Superior also cited Canadian 88’s refusal to provide requested information in its takeover attempt.
California’s Struggling Retailers Look to Legislature
Lost in the higher profile aspects of California’s chronicpage-one headlines surrounding its energy crisis is the statelegislature’s inclusion of a ban on retail direct access powerdeals, dealing the few remaining nonutility power retailers whatcould be a death blow unless a corrective legislative solution isfound. That corrective action was pursued last week when the headof the state Senate energy committee, state Sen. Debra Bowen,proposed to reinstitute retail energy sales (SB 27X) as part of themeasures being tossed around in the second month of a special statelegislative session called by the governor to address theemergency.
CA Deep-Drilling Turns Up High Quality Oil/Gas; Volumes Still Undetermined
After several weeks of field testing, sponsors of ahigh-profile, deep-drilling project in the southern end ofCalifornia’s San Joaquin Valley reported Thursday (June 22) “pure,sweet oil” with an API gravity of 48.6 degrees and associatednatural gas with a very high net Btu content of 1,460 with nowater. However, definitive information on the projected volumes isstill several weeks away, according to Tri-Valley Oil & GasCo., operator of the Project Ekho No. 1 well about 45 milesnorthwest of Bakersfield, CA.
CA Deep-Drilling Turns Up High Quality Oil/Gas
After several weeks of field testing, sponsors of a high-profile,deep-drilling project in the southern end of California’s San JoaquinValley reported Thursday (June 22) “pure, sweet oil” with an APIgravity of 48.6 degrees and associated natural gas with a very highnet Btu content of 1,460 with no water. However, definitiveinformation on the projected volumes is still several weeks away,according to Tri-Valley Oil & Gas Co., operator of the ProjectEkho No. 1 well about 45 miles northwest of Bakersfield, CA.
Policy Changes Expected to Continue in CA
Despite failing this summer to deliver several high-profileenergy restructuring corrective laws, California’s statelegislature is expected to be the focal point of future energypolicymaking again next year, with more involvement from thegovernor’s office, according to a variety of energy expertsaddressing a two-day industry workshop in San Francisco.
Enron A Palm Springs Drop-Out
Enron Corp. has eliminated the last vestiges of its one-timehigh-profile venture into California’s residential electricitymarket by pulling out of its deal with the resort city of PalmSprings. Enron was the energy service provider for a citygovernment-established aggregation business, which had about 2,000mostly residential customers lured away from the local monopolyprovider, Southern California Edison.
Enron Drops Palm Springs
Enron Corp. has eliminated the last vestiges of its one-timehigh-profile venture into California’s residential electricitymarket by pulling out of its deal with the resort city of PalmSprings. Enron was the energy service provider for a citygovernment-established aggregation business, which had about 2,000mostly residential customers lured away from the local monopolyprovider, Southern California Edison.