Energy Transfer Partners LP (ETP) is seeking expedited rehearing of a July show cause order in which FERC accused it of manipulating the natural gas physical markets at the Houston Ship Channel and Waha trading hub. The Dallas-based energy company faces up to $167 million in total penalties and disgorgement of unjust profits if it is unable to successfully dispute the charges (see Daily GPI, July 27).
Rehearing
Articles from Rehearing
Industry Briefs
In a rehearing decision Wednesday, the Illinois Commerce Commission (ICC) reduced the annual base rate revenue increase granted to Nicor Gas to $49.7 million from $54.2 million. Nicor estimates that the shift of certain revenues and credits between base rates and the purchase gas adjustment rider will reduce its annual net revenue increase to about $30.2 million, compared to $34.7 million under a prior order issued last fall. Appeals of the original order have been filed by Nicor and other parties in the state appellate courts.
March 30, 2006
Credit Standards for North Baja, Kinder Morgan Tweaked on Rehearing
Saying the gas pipeline’s request was “reasonable,” the Federal Energy Regulatory Commission last week gave the North Baja Pipeline LLC the go-ahead to factor in the value of loaned natural gas when computing collateral requirements for credit-risky shippers.
February 24, 2003
Special FERC Meeting Set for CA Mitigation Plan
The Federal Energy Regulatory Commission has called a special meeting for next Monday to address the multitude of requests for rehearing of its much-criticized market monitoring and mitigation plan that went into effect in late May for the California power market.
June 12, 2001
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