Reconsideration

Alaska’s Department of Natural Resources (DNR) has granted ExxonMobil Corp.’s request for reconsideration of its decision to terminate the North Slope Point Thomson Unit (PTU) leases held by the company and BP Exploration (Alaska), Chevron U.S.A. Inc. and ConocoPhillips Alaska.

The Alaska Senate completed action Tuesday on its bill to reform state taxes on oil and natural gas, picking up two more affirmative votes on reconsideration for a 16-4 endorsement of a 22.5% net production tax on oil and 7.5%, or one-third of that, for natural gas. The bill has gone to the Finance Committee in the Alaska House and is expected to make it to the House floor by Monday.

An AGL Resources subsidiary, Atlanta Gas Light Co., said it will file a motion for reconsideration next week in response to the Georgia Public Service Commission’s vote to launch a rate review earlier this week into AGLC’s earnings. After two separate but related studies, the GPSC staff alleges that AGLC’s earnings are 4-7% more than its authorized return on equity (ROE) (see Daily GPI, Aug. 23).

Reliant Energy Power Generation and Reliant Energy Service last week filed an emergency request for expedited reconsideration of FERC’s April decision in which it approved price-mitigation for the troubled California power market during reserve emergencies.

Reliant Energy Power Generation and Reliant Energy Service have filed an emergency request for expedited reconsideration of FERC’s April decision in which it approved price-mitigation for the troubled California power market during reserve emergencies.