Rates

AGL Resources’ Golden Triangle Storage Inc. received a FERC certificate Dec. 31 for its proposed underground gas storage project as well as for market-based rates for the services it will provide. The project is located in the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, TX.

AGL Resources’ Golden Triangle Storage Inc. received a FERC certificate Monday for its proposed underground gas storage project as well as for market-based rates for the services it will provide. The project is located in the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, TX.

With a five-year, $14 billion capital investment plan in place that is more than 90% covered in its current and future utility rates, San Francisco-based Pacific Gas and Electric Co. is wide-eyed over the potential growth in Pacific Northwest electric and natural gas projects that are not yet included in the current investment plans, CFO Christopher Johns said Wednesday at the Lehman Brothers Energy/Power Conference in New York City.

Despite “solid production growth” and the “highest daily production rates to date,” Bill Barrett Corp.’s net income for the first quarter was off by one-third from the first quarter in 2006, the company reported Tuesday. Company officials blamed the disparity on Rockies natural gas prices in the two periods.

Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.

Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.

Southern Union Co.’s Missouri Gas Energy (MGE) Thursday received approval from the Missouri Public Service Commission to increase its distribution base rates effective March 30. The increase will add about $27.2 million to MGE’s annual revenues.

FERC last Monday approved in part an uncontested settlement that seeks to resolve the long-running dispute over rates and expansions on joint pipeline facilities owned by Maritimes & Northeast Pipeline LLC and Portland Natural Gas Transmission System (PNGTS) in the Northeast.

FERC Monday approved in part an uncontested settlement that seeks to resolve the long-running dispute over rates and expansions on joint pipeline facilities owned by Maritimes & Northeast Pipeline LLC and Portland Natural Gas Transmission System (PNGTS) in the Northeast.