Prompted by declining market costs for natural gas, the New Jersey Board of Public Utilities (BPU) has approved proposals from the state’s natural gas utilities — Public Service Electric and Gas (PSE&G), New Jersey Natural Gas (NJNG), South Jersey Gas (SJG) and Elizabethtown Gas — that will save their residential and small business customers more than $500 million annually.
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Transportation Notes
Forecasts of peak Florida temperatures in the 90s and high usage of its linepack prompted Florida Gas Transmission to issue an Overage Alert Day for market-area customers Tuesday. The tolerance for negative daily imbalances was set at 25%.
CenterPoint Offering Capacity From Fayetteville Shale
Growing production in the Fayetteville Shale has prompted CenterPoint Energy Gas Transmission Co. (CEGT) to hold a nonbinding open season for expansion of its core pipeline system in eastern Arkansas.
Marcellus Drillers Take Heed of Delaware River Basin Directive
Concerns that natural gas drilling in the Marcellus Shale could damage the region’s water quality have prompted the Delaware River Basin Commission (DRBC) to require energy companies obtain commission approval before beginning any gas extraction project in shale formations within the drainage area of the basin’s special protection waters (SPW).
Marcellus Drillers Heed Delaware River Basin Directive
Concerns that natural gas drilling in the Marcellus Shale could damage the region’s water quality have prompted the Delaware River Basin Commission (DRBC) to require energy companies obtain commission approval before beginning any gas extraction project in shale formations within the drainage area of the basin’s special protection waters (SPW).
Industry Brief
Lower natural gas prices have prompted Questar Gas to ask the Public Service Commission of Utah (PSC) to approve an immediate $50 million one-time rebate to its customers. If approved, the rebate will reduce the typical customer’s May natural gas bill by $40-45, Questar said. Twice a year Questar and the PSC use third-party forecasts of gas prices to estimate how much the utility’s rates should be adjusted to cover anticipated gas procurement costs. In November Questar cut gas rates by $63 million (5.3%); last month the utility cut rates another $157 million (16%). Citing the recession, Questar said it wanted to pass the lower fuel costs on to its customers ahead of the scheduled autumn rate adjustment.
Chesapeake Trimming Eastern Division
Weak commodity prices and tight credit markets, in part, have prompted Chesapeake Energy Corp. to pull employees from its Charleston, WV, eastern division regional headquarters for release or relocation to corporate headquarters in Oklahoma City. The move will consolidate talent as Chesapeake pursues development of the Marcellus Shale, the company said last Thursday.
Chesapeake Pulling Back from West Virginia
Weak commodity prices and tight credit markets, in part, have prompted Chesapeake Energy Corp. to pull employees from its Charleston, WV, eastern division regional headquarters for release or relocation to corporate headquarters in Oklahoma City. The move will consolidate talent as Chesapeake pursues development of the Marcellus Shale, the company said Thursday.
Pennsylvania Drilling Fee Hike Sought
Pennsylvania’s Department of Environmental Protection (DEP) is taking comments on a proposal to change its fee for permits to drill for oil and gas in the state. The move was prompted by the state’s “booming natural gas industry” in the Marcellus Shale.
Pennsylvania Regulator Seeking Drilling Permit Fee Hike
Pennsylvania’s Department of Environmental Protection (DEP) is taking comments on a proposal to change its fee for permits to drill for oil and gas in the state. The move was prompted by the state’s “booming natural gas industry” in the Marcellus Shale.