Devon Energy Corp. announced Wednesday that its board of directors has approved a plan to form a publicly traded master limited partnership (MLP) that will own a minority interest in Devon’s U.S. onshore marketing and midstream business, including natural gas gathering and processing assets in Texas, Oklahoma, Wyoming and Montana.
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Spectra Spin-off to Own East Tennessee, Gulfstream Systems
Spectra Energy, which separated from Duke Energy and became a stand-alone, publicly traded company earlier this year, on Friday announced that its midstream master limited partnership (MLP), Spectra Energy Partners LP, plans to spin off as an initial public offering (IPO). The time for the spin-off was not disclosed.
NV Consumer Advocate, Utilities Spar Over Outages, Rates
In what could be part of the prelims to bigger, harder-hitting fights, Nevada Consumer Advocate Eric Witkoski in March has publicly lashed out at Sierra Pacific Resources’ two utilities, alleging possible shoddy maintenance practices in the north and an excessive general rate increase request in the south. Meanwhile, the Nevada Public Utilities Commission (PUC) that regulates the utilities has been mostly quiet.
Gas Groups Assess Energy Agenda of New Democratic Congress
Natural gas association officials last Wednesday publicly expressed optimism about working with a new Democratic Congress, although they acknowledged that the direction of energy policy would likely shift to alternative energy and away from oil and gas in the short run, and that offshore drilling legislation — if not passed by the current Republican-controlled Congress in the lame-duck session — would become a back-burner issue.
Gas Groups Assess Energy Agenda of New Democratic Congress
Natural gas association officials on Wednesday publicly expressed optimism about working with a new Democratic Congress, although they acknowledged that the direction of energy policy would likely shift to alternative energy and away from oil and gas in the short run, and that offshore drilling legislation — if not passed by Republicans in the upcoming lame-duck session — would become a back-burner issue.
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Texas Producers Call for Tighter Regulation Over Pipeline Operators
Natural gas producers, able to publicly air their grievances in hearings before the Texas Railroad Commission (RRC), are repeating one belief again and again: the lack of competition in Texas enables pipeline operators to dictate the contract terms for shipping gas to the marketplace. This lack of competition, they say, controls where they drill wells more than the geology.
WSI Sees ‘Moderate Cold Signals’ in the Northeast for October
In its most recent weather forecast released publicly on Tuesday, WSI Corp. said it expects the U.S. to see a mixed bag of temperatures from September through November.
Energy Retailer’s Board Removes CEO, CFO in Shake-Up
One of the nation’s largest merchant energy marketers, recently renamed and publicly held Commerce Energy Group, Inc., Monday named a new CEO with an extensive energy background, Steven S. Boss. He will bring along a new chief financial officer following last week’s removal of the president/CEO and CFO at the Southern California-based firm.
Dominion Let Off Hook in FERC Probe of Storage Error
Officials at FERC’s Office of Market Oversight and Investigation (OMOI) said last week they found no evidence that Dominion employees had prior knowledge of the erroneous storage data that a Dominion “clerk” mistakenly submitted to the Energy Information Administration (EIA) last November.
Dominion Let Off Hook in FERC Probe of Storage Error
Officials at FERC’s Office of Market Oversight and Investigation (OMOI) said Thursday that they have found no evidence that Dominion employees had prior knowledge of the erroneous storage data that a Dominion “clerk” mistakenly submitted to the Energy Information Administration (EIA) last November.