A settlement was reached with the South Dakota Public Utilities Commission earlier this month, removing a potential roadblock to FERC approval of the proposed merger of NorthWestern Corp. and Australian-based Babcock & Brown Infrastructure Ltd (BBI). Under the deal, the PUC won’t oppose the Sioux Falls, SD-based utility holding company from being purchased by BBI.
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NGI The Weekly Gas Market Report
Railroad Antitrust Exemption Questioned in Wake of Coal Delivery Woes
An official representing utilities and rail customers last Thursday told federal lawmakers that removing the railroad industry’s exemption from antitrust law is just one of several steps the U.S. Congress can take to address coal delivery woes that have stoked power producer frustrations and raised broader concerns about the reliability of the U.S. power grid.
May 29, 2006
Mexico’s Energy Minister Suggests Some Pemex Restrictions Could Soon be Removed
If emotions about national sovereignty issues can be put aside, the Mexican government could begin removing the prohibitions against foreign investment in the country’s state-owned oil company Petroleos Mexicanos (Pemex) by later this summer, the energy minister said Wednesday.
February 13, 2006
Virginia Senate Upholds Governor’s Veto of Offshore Drilling Bill
The Virginia Senate last Wednesday failed to override Gov. Mark Warner’s veto of a bill that advocated removing the ban on natural gas exploration and production (E&P) off of the state’s coastline.
April 11, 2005
Virginia Senate Upholds Governor’s Veto of Offshore Drilling Bill
The Virginia Senate on Wednesday failed to override Gov. Mark Warner’s veto of a bill that advocated removing the ban on natural gas exploration and production (E&P) off of the state’s coastline.
April 8, 2005
Dynegy Given Stable Outlook by Fitch
Several favorable actions and events led Fitch Ratings to give Dynegy Inc. and its affiliates a “stable” outlook on Thursday, removing the energy merchant from Rating Watch Negative for the first time in nearly 20 months.
May 23, 2003
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.
July 23, 2002
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.
July 23, 2002
Transportation Notes
El Paso returned its Blanco “D” turbine (see Daily GPI, June 1) to service Tuesdaymorning, removing a 270 MMcf/d constraint on San Juan Basincapacity. A problem with turbine vibration at Lincoln Station appearsto be under control, El Paso said, and it restored San Juan Crossovercapacity to 580 MMcf/d.
June 2, 1999
Iowa Regulators Clear MidAmerican, CalEnergy Merger
The Iowa Utilities Board (IUB) gave its blessing to the proposedmerger of MidAmerican Energy Holdings Co. and CalEnergy Co. Inc.last week, removing the final regulatory hurdle to a transactionthat will combine and complement the assets and expertise of a U.S.utility with those of a United Kingdom utility. The deal isexpected to be completedon Friday.
March 9, 1999
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