The removal of investment restrictions when the Public Utility Holding Company Act of 1935 (PUHCA) is officially repealed in February must not “become a new impetus or justification for continuing the era of adversarial relationships between the utility sector and state or federal regulators,” David Sokol, chairman of MidAmerican Energy Holdings Co., said last Tuesday. “It absolutely is past time for all of us to work together to meet tomorrow’s challenges in this sector.”
Removal
Articles from Removal
NPC Study Recommends Removal of Offshore Drilling Bans Starting in 2005
Congress in two years should begin to phase out the moratoriums that have prevented producers from drilling in promising natural gas-prone areas of the Outer Continental Shelf (OCS), the National Petroleum Council (NPC) recommended in its much-anticipated study released Thursday.
Transportation Notes
Third-party abandonment and removal of the Brazos Block A-20 platform offshore Texas will require Transco to reconfigure and reroute the line that currently boards and departs from the platform. The project is currently scheduled to begin on or about Nov. 14 and is estimated to last for 30 days. During this period, production from the Brazos A-23, A-19 and 544 blocks will not be available for flow to Transco.
Investors Respond Positively to El Paso Removing Ratings Triggers
El Paso Corp. has completed the removal of the ratings triggers on its $1 billion Clydesdale minority interest financing, which concludes a plan announced in December to remove ratings triggers on $4 billion of securities in order to strengthen its balance sheet.
Investors Respond Positively to El Paso Removing Ratings Triggers
El Paso Corp. has completed the removal of the ratings triggers on its $1 billion Clydesdale minority interest financing, which concludes a plan announced in December to remove ratings triggers on $4 billion of securities in order to strengthen its balance sheet.
Removal of Tax Credit Restriction Sought
Major and independent gas producers last week commended FERC fortaking steps to reinstate its authority to make well determinationsso that qualified producers can obtain Section 29 tax credits forhigh-cost gas wells. But they urged the Commission to extend thedetermination process to all qualifying wells, irrespective ofwhether the wells were spudded and/or recompleted pre-Jan. 1, 1993or whether they were recompleted after Dec. 31, 1992.
Salt Removal Stalls NE Storage
Once touted as a quick fix for peak demand in the Northeast,salt cavern storage has stumbled over the problem of what do withthe salt that is removed to make the cavern, which appears to beabout as popular as nuclear waste. At this point one project hasbeen delayed and two others appear to have stalled.
Salt Removal Stalls NE Storage
Once touted as a quick fix for peak demand in the Northeast,salt cavern storage has stumbled over the problem of what do withthe salt that is removed to make the cavern, which appears to beabout as popular as nuclear waste. At this point one project hasbeen delayed and two others appear to have stalled.
Regulatory Changes Increase Mexico’s Allure
Removal of a 4% import tariff on natural gas July 1, new openaccess transportation rates and the likelihood that Mexico willbegin privatization of its electric industry this year are makingthe country a more attractive business target for the U.S. energyindustry, and California-based Sempra Energy is taking immediateadvantage of the opening.
Utilities, IPPs, Consumers Support NY Energy Tax Removal
New York’s utilities, independent power producers, marketers andlarge energy consumers have banded together for the first time toshow their support for Governor George Pataki’s plan to restructurethe state’s energy tax system and give back about $150 million/yearin gas and electricity tax revenue.