Power grids in California, Nevada and Arizona last week fended off soaring temperatures and a resulting flood of demand for electricity. Power providers in Nevada and Arizona were reporting new records for system peaks, while the California Independent System Operator (CAISO) declared restricted maintenance days for power facilities and asked Californians to reduce energy usage.
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Articles from Providers
Energy: The Perfect Storm that Just Won’t Blow Over
Gas buyers are in panic mode right now and energy service providers are struggling to provide answers to a perfect storm of events that is driving not only natural gas prices into the stratosphere but also the prices of many other fuels.
Energy: The Perfect Storm that Just Won’t Blow Over
Gas buyers are in panic mode right now and energy service providers are struggling to provide answers to a perfect storm of events that is driving not only natural gas prices into the stratosphere but also the prices of many other fuels.
Energy: The Perfect Storm that Just Won’t Blow Over
Gas buyers are in panic mode right now and energy service providers are struggling to provide answers to a perfect storm of events that is driving not only natural gas prices into the stratosphere but also the prices of many other fuels.
Industry Briefs
Through its subsidiary Pannonian Energy Inc., Denver-based Gasco Energy Inc. has entered into an agreement with a group of industry providers to accelerate development of its oil and gas properties. The agreement would include drilling up to 50 wells in Gasco’s Riverbend Project in Utah’s Uinta Basin. Initially, Gasco will drill a 10-well bundle, which represents $20 million of development activity. If the group agrees, drilling may accelerate with more rigs in the future.
FERC Clarifies Interconnection Queue Policy for Power Projects
FERC last Wednesday clarified how transmission providers should respond when a transmission system’s ability to support interconnections without upgrades can only accommodate a generator or generators that hold the highest position in an interconnection queue.
Industry, CA Clash Over Validity of Published Gas Price Indices
Major energy providers and users alike last week attacked FERC staff’s efforts to establish a new pricing formula that would lower the purchase costs power generators could legitimately claim for natural gas used to produce electricity during the California energy crisis nearly two years ago — a move that, if successful, would raise the level of potential refunds owed by generators to state energy consumers. They urged the Commission to jettison staff’s proposed pricing alternative, arguing staff fell far short of proving that the conventional method used for computing generators’ gas costs — published price indices — had been successfully manipulated to the point where gas prices were inflated.
Northern Alabama Gets New Gas Storage Facility
The Northwest Alabama Gas District is opening a new gas storage facility in the state to provide the municipal gas company and other third-party providers with flexibility to meet peak-day requirements while lowering their average cost of gas. The facility, which was funded by $20.3 million in revenue bonds issued by the District in 2000, is located in Lamar County and is expected to give northwestern Alabama an additional asset for attracting new business and industry.
Northern Alabama Gets New Gas Storage Facility
The Northwest Alabama Gas District is opening a new gas storage facility in the state to provide the municipal gas company and other third-party providers with flexibility to meet peak-day requirements while lowering their average cost of gas. The facility, which was funded by $20.3 million in revenue bonds issued by the District in 2000, is located in Lamar County and is expected to give northwestern Alabama an additional asset for attracting new business and industry.
Dynegyconnect Allows Internet Access
Dynegyconnect LP, a new e-business subsidiary of Houston-basedDynegy Inc., has launched an Internet service that allows serviceproviders to expand their networks or add access to theirportfolios. The service is designed to assist Dynegy’s current andfuture customers to be more competitive in the workplace throughthe Internet.