Anticipating that its joint settlement will be approved by stateregulators by this fall, Sempra Energy’s utility subsidiaries arepushing a new “Customer Choice” campaign designed to increase thenatural gas volumes residential and small business customers buyfrom energy service providers (ESPs). Sempra is stressing to itsutility employees that the increased ESP business cannot beachieved without “major opening up” of the gas markets in thestate.
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FERC Pushes CA ISO to Settle with Municipals
The Federal Energy Regulatory Commission’s chief administrativelaw judge spent part of Wednesday in a telephone meeting with thegeneral manager of the nation’s largest municipal utility, tryingto bring successful closure to a two-year-old stalemate centered onCalifornia’s independent electric grid operator (Cal-ISO). Cal-ISOwould only confirm that they are in the midst of “very sensitive”negotiations, and a resolution wasn’t expected any time soon.
El Paso ‘Pushes Envelope’ with Affiliate Contracts, CPUC Says
Just when you thought the news about the controversial contractarrangement between El Paso Natural Gas and its marketing affiliateEl Paso Merchant Energy Co. had died down, California regulatorscome out with a request from left field asking FERC to rescind the$38.5 million contract transaction for 1.22 Bcf/d of firm capacityon the pipeline.
CPUC: El Paso ‘Pushes Envelope’ with Affiliate Contracts
Just when you thought the news about El Paso Natural Gas’contract arrangement with marketing affiliate El Paso MerchantEnergy Co. had died down, California regulators came out yesterdaywith a request from left field asking FERC to rescind the $38.5million transaction for 1.22 Bcf/d of firm capacity on thepipeline.
MidAmerican Pushes for IL Customers
Building on a partnership forged last September with theIllinois Chamber of Commerce, MidAmerican Energy announced a dualoffer to customers in Nicor Gas’ customer choice pilot program andCommonwealth Edison’s electric pilot program yesterday.
Bottleneck Pushes New England Higher; Otherwise Flat
Once again all of the “hot” price action Friday occurred in theNortheast, and that’s because it was downright bone-chilling there.This time it was the turn of Algonquin citygates to occupy the toprung of the pricing ladder as they ran up more than $1.00 into the$4.80s and peaked at $6.50. A large aggregator said she later heardintra-day citygates trading as high as $8. She and another sourcesaid Algonquin was curtailing all IT and 50% of Secondary Firmservice downstream of the Cromwell (CT) Compressor Station Fridayand cutting Secondary Firm to zero past Cromwell for Saturday. Thataffected all deliveries to Boston, Rhode Island and the easternhalf of Connecticut, one said.
BP Amoco Pushes for Annual Rate Changes
BP Amoco is starting a quiet, behind-the-scenes campaign aimedat bringing pipeline rate-setting out of the realm of the archaic,making it current and market-responsive by building in annualre-calculations to adjust return on equity.
BP Amoco Pushes for Annual Rate Changes
BP Amoco is starting a quiet, behind-the-scenes campaign aimedat bringing pipeline rate-setting out of the realm of the archaic,making it current and market-responsive by building in annualre-calculations to adjust return on equity.
Electric Load Pushes Cash Market Significantly Higher
Increases of more than a dime were the norm Monday as 80-90degree temperatures throughout the eastern half of the country andthe ensuing electric generation load caused gas prices at allpoints to rise substantially. New York Citygate led the way withprices increasing from the low $2.50s on Friday to the mid $2.70syesterday. The need for Northeast electric generation was socritical yesterday that the New England ISO issued a “powerwarning” and asked consumers to voluntarily curb power use.
Demand for Storage Gas Pushes Prices Higher
The rebound from Monday’s price downturn bounced high above therim Tuesday as many price points experienced gains well over anickel. The upticks were attributed to a rise in the futures marketlate Monday afternoon and early evening, and a growing inclinationto buy gas for storage now before prices rise further.