Culminating a week of progress in pulling together the financing underpinning of its exit from Chapter 11 bankruptcy protection, Pacific Gas and Electric Co. on Friday announced that it intends to offer $6.7 billion in first mortgage bonds to help pay credit claims in its $12 billion utility bankruptcy. This followed announcement earlier in the week that the utility secured $2.9 billion in credit facility commitments and authorization from California state regulators for its new financial structure.
Progress
Articles from Progress
Piedmont Natural Gas Completes Purchase of NCNG
Charlotte, NC-based Piedmont Natural Gas has completed its purchase of North Carolina Natural Gas (NCNG) and a 50% interest in the EasternNC project from Progress Energy, which is divesting its gas distribution business to focus on its core electric distribution service.
October 6, 2003
Capitol Hill Leaders Promise Bush an Energy Bill on His Desk by Mid-October
House and Senate negotiators made some progress last week on broad energy legislation — mostly on issues unrelated to crude oil and natural gas — but they had their work interrupted for two days by the arrival of Hurricane Isabel. Negotiators met with President Bush before leaving town ahead of the storm, and assured him an energy bill would be on his desk by mid-October.
September 22, 2003
AGA Studies Cite Progress in Competitive Gas Use
Competitive natural gas supplies are widely available and widely used by large customers, including electric generators, industrials and commercial companies, according to two studies issued last Wednesday by the American Gas Association (AGA).
September 15, 2003
AGA Studies See Progress in Competitive Gas Use
Competitive natural gas supplies are widely available and widely used by large customers, including electric generators, industrials and commercial companies, according to two studies issued Wednesday by the American Gas Association (AGA).
September 11, 2003
Duke Updates Patriot Extension Progress; Eyes Late 2003 Start-up
Sticking to its end of the year in service deadline, Duke Energy Gas Transmission (DEGT) said it has successfully installed, inspected and tested 1,666 feet of Patriot Extension natural gas pipeline under the New River in Wythe County, VA, and is continuing construction on a 53-mile section of the pipeline moving east from the river.
July 21, 2003
Duke Updates Patriot Extension Progress; Eyes Late 2003 Start-up
Sticking to its end of the year in service deadline, Duke Energy Gas Transmission (DEGT) said it has successfully installed, inspected and tested 1,666 feet of Patriot Extension natural gas pipeline under the New River in Wythe County, VA, and is continuing construction on a 53-mile section of the pipeline moving east from the river.
July 17, 2003
Northern Border Pipeline Company Capacity Nearly Sold Out
Northern Border Pipeline Co. said Tuesday that it has made further progress in recontracting and has now nearly sold out the long-haul firm capacity on its 2.4 Bcf/d pipeline system. The additional capacity commitments are at the maximum transportation rates with terms of one to two years.
July 16, 2003
GAO Calls for Closer Review of Pipeline Safety R&D Results
The General Accounting Office (GAO) has called on the Office of Pipeline Safety (OPS) develop a “systematic process” for measuring the progress of its research and development (R&D) programs that are designed to improve the safety of natural gas and hazardous liquid pipelines, and to report the results to Congress each year.
July 7, 2003
GAO Calls for Closer Review of Pipeline Safety R&D Results
The General Accounting Office (GAO) has recommended that the Office of Pipeline Safety (OPS) develop a “systematic process” for measuring the progress of its research and development (R&D) programs that are designed to improve the safety of natural gas and hazardous liquid pipelines, and to report the results to Congress each year.
July 2, 2003
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