Alaska Gov. Sarah Palin’s gasline team is expected to announce this week whether it will recommend that lawmakers approve TransCanada Corp.’s proposal for a pipeline from the North Slope to Alberta. Meanwhile, talk of an all-Alaska gasline and associated liquefied natural gas (LNG) liquefaction plant alternative is growing louder.
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Some Alaskans Hearing Siren Call of Asian Gas Markets
Alaska Gov. Sarah Palin’s gasline team is expected to announce the week of May 19 whether it will recommend that lawmakers approve TransCanada Corp.’s proposal for a pipeline from the North Slope to Alberta. Meanwhile, talk of an all-Alaska gasline and associated liquefied natural gas (LNG) liquefaction plant alternative is growing louder.
NorthWestern-BBI Merger May Be Reopened By Montana PSC
A new proposal by Babcock & Brown Infrastructure (BBI) has prompted the staff at the Montana Public Service Commission (PSC) to recommend that the five regulators reopen the utility’s proposed acquisition of South Dakota-based NorthWestern Energy. In May the PSC voted 5-0 to reject the original BBI-NorthWestern marriage proposal (see Daily GPI, May 24).
NorthernStar LNG Project Hits Land-Use Permit Snag
Consultants to a county planning commission reportedly will recommend denial of a land-use permit for NorthernStar Natural Gas Co.’s Bradwood Landing liquefied natural gas (LNG) terminal site along the Columbia River.
FERC Staff Wants More Time to Probe Enron Trader Tapes
Saying FERC staff has only “scratched the surface of the amount of material in hand,” a FERC staff member last week used prepared testimony to recommend further review of Enron Power Marketing Inc. (EPMI) energy trader audio tapes of telephone conversations [EL03-180, et al.].
FERC Staff Makes Public Exhaustive Review of Enron Trader Tapes
Saying FERC staff has only “scratched the surface of the amount of material in hand,” a FERC staff member on Tuesday used prepared testimony to recommend further review of Enron Power Marketing Inc. (EPMI) energy trader audio tapes of telephone conversations [EL03-180, et al.].
Proxy Firms Recommend El Paso Fire Auditor, Replace CFO
It’s deja vu all over again at El Paso Corp., with two major proxy advisory firms recommending this week that shareholders fire the company’s auditor, replace the chief financial officer, and withhold votes against some of the directors. The annual shareholder meeting is set for Nov. 18 in Houston.
Proxy Firms Recommend El Paso Fire Auditor, Replace CFO
It’s deja vu all over again at El Paso Corp., with two major proxy advisory firms recommending this week that shareholders fire the company’s auditor, replace the chief financial officer, and withhold votes against some of the directors. The annual shareholder meeting is set for Nov. 18 in Houston.
Barrett Urges Shareholders to Reject Shell’s Bid
Denver-based Barrett Resources Corp. said Friday it will recommend that its shareholders reject Royal Dutch/Shell Group’s takeover bid, calling the $55 per share cash tender offer “inadequate and not in the (company’s) best interests.” Shell, eager to enter the gas-rich Rocky Mountains, launched its hostile bid earlier this month, after being rejected in informal discussions with Barrett executives (see NGI, March 12).
Barrett Urges Shareholders to Reject Shell’s Bid
Denver-based Barrett Resources Corp. said Friday it willrecommend that its shareholders reject Royal Dutch/Shell Group’stakeover bid, calling the $55 per share cash tender offer”inadequate and not in the (company’s) best interests.” Shell,eager to enter the gas-rich Rocky Mountains, launched its hostilebid earlier this month, after being rejected in informaldiscussions with Barrett executives (see Daily GPI, March 8).