In a new report outlining guidelines and recommendations for the U.S. wholesale merchant industry, Fitch Ratings said energy companies continue to foresee “adverse market conditions,” which has fostered a “new sense of reality” within the sector to reduce debt and improve the financials.
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LIPA Board OKs Plans to Add Over 1,000 MW to Portfolio
The Long Island Power Authority’s (LIPA) board of trustees voted last Wednesday to approve staff recommendations to move forward on a plan that will add over 1,000 MW of new energy to LIPA’s portfolio over the next several years.
Bush Administration Turns Deaf Ear to Bingaman’s Gas Proposals
The Bush administration has turned a deaf ear to Sen. Jeff Bingaman’s (D-NM) recommendations on how the president can use his existing authority to cut high-flying natural gas prices and bolster supply.
Bush Administration Turns Deaf Ear to Bingaman’s Gas Proposals
The Bush administration has turned a deaf ear to Sen. Jeff Bingaman’s (D-NM) recommendations on how the president can use his existing authority to cut high-flying natural gas prices and bolster supply.
Ontario Panel Recommends Replacing Coal With Natural Gas and Wind
Coal is out; natural gas and windmills are in, according to recommendations by the Ontario government’s Select Committee on Alternative Fuel Sources, which called for a new provincial Renewable Portfolio Standard (RPS) that will be among the most aggressive in North America.
Analysts, Auditors Failed Investors in Enron Case
Accounting companies providing auditing services and stock market analysts making investment recommendations took it on the chin Tuesday in the first of what promises to be a lengthy Senate investigation into the collapse of Enron Corp., and the failure of Wall Street watchdogs to sound a warning before the meltdown, described as “one of the largest, most destructive company failures of all time.”
Utilities Offer Proposals on House Power Bill
Seven key electric utilities and marketers proposed five”consensus recommendations” aimed at helping the House CommerceCommittee move comprehensive restructuring legislation forwardduring this Congress.
NE Hub Hangs on Consultant’s Recommendations
Reed Consulting is scheduled to deliver analysis to FERC todaythat will decide the fate of the proposed NE Hub, a major saltcavern storage facility and market hub that would add 500 MMcf/d ofdaily deliverability to the gas grid in northern Pennsylvania. Butan eleventh-hour motion by CNG Transmission, a competitor of theproject, could influence and delay the outcome.