Projects

Edison Cuts Dividend, Projects

Edison International has eliminated its fourth quarter dividendand subsidiary Southern California Edison has dropped $100 millionin electric system operations and maintenance investments affecting400 jobs to help ease its financial crisis.

December 26, 2000

Wyoming DEQ Approves 4 Pennaco Permits

Despite warnings to companies that it was slowing the process togrant water discharge permits for coalbed methane projects, theWyoming Department of Environmental Quality has issued four waterdischarge permits for Pennaco Energy Co.’s House Creek Project. Allwere approved following a 30-day public notice period.

December 8, 2000

Energy Giants Targeting Telecommunications

Communications projects are high on the list of announcementsand pronouncements at a Houston energy conference this week, withcompany executives telling analysts that the Internet, bandwidthand telecommunications may surpass traditional energy earnings inthe next decade.

September 20, 2000

PG&E Corp. Swaps Emissions Credits

PG&E Corp. last week made another stride to bring moreelectricity generating projects online in an attempt to provideCalifornia with an adequate power supply in the future. The companyentered into an agreement with Waste Management Inc. to replace 120diesel-fueled garbage collection trucks with natural gas-fueledversions in order to offset the emissions of a proposed 500 MWnatural gas-fired power plant to be located in San Diego County.

September 11, 2000

Sempra Reports 34% Jump in Second Quarter Earnings

Citing increased profits from energy trading and internationalprojects, San Diego-based Sempra Energy Thursday reported unauditedconsolidated net income of $110 million, a 34% increase overearnings in last year’s second quarter. Second-quarter revenueswere $1.5 billion, or equal to the revenues in the same period lastyear.

July 31, 2000

Gulfstream Signs Landfall Agreement

After both projects received preliminary approval from FERC over a month ago, the ongoing race to Florida accross the Gulf of Mexico between Coastal Corp.’s Gulfstream Natural Gas System and Williams and Duke Energy’s Buccaneer pipeline is heating up again (see NGI, May 1). Gulfstream yesterday announced it signed a multi-million dollar deal with the Manatee County Port Authority for a permanent right-of-way easement to cross through Port Manatee

July 24, 2000

Gulfstream Signs Landfall Agreement

After both projects received preliminary approval from FERC over a month ago, the ongoing race to Florida accross the Gulf of Mexico between Coastal Corp.’s Gulfstream Natural Gas System and Williams and Duke Energy’s Buccaneer pipeline is heating up again (see Daily GPI, April 26). Gulfstream yesterday announced it signed a multi-million dollar deal with the Manatee County Port Authority for a permanent right-of-way easement to cross through Port Manatee

July 21, 2000

Iroquois Extension Could Replace Millennium

Daniel Adamson, FERC director of the Office of Energy Projects,fired off a letter of rejection to Millennium Pipeline earlier thismonth, regarding an amendment application for a proposed routechange along the highly controversial power transmission right ofway in Westchester County, NY. He also told Millennium officials toconsider substituting a proposed extension of the Iroquois GasTransmission system for the Millennium project.

May 29, 2000

Iroquois Extension Could Replace Millennium

Daniel Adamson, FERC director of the Office of Energy Projects,fired off a letter of rejection to Millennium Pipeline last week,regarding an amendment application for a proposed route changealong the highly controversial power transmission right of way inWestchester County, NY. He also told Millennium officials toconsider substituting a proposed extension of the Iroquois GasTransmission system for the Millennium project.

May 24, 2000

Transportation Notes

El Paso has the Laguna #2 compressor down for maintenancethrough Saturday and will be working on the Caprock #2 turbineSaturday through May 3. The two projects reduce San Juan Crossovercapacity by 30 MMcf/d.

April 28, 2000