Its strategic move to become a major North American liquefied natural gas (LNG) conduit means San Diego-based Sempra Energy’s credit ratings must be reassessed, a research report released Thursday by Standard & Poor’s Ratings Services (S&P) said. Sempra’s relatively strong ratings (BBB+/Stable/A-2) currently do not consider it being in the LNG business.
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Sempra’s LNG Projects Require New Credit Look, S&P Says
Its strategic move to become a major North American liquefied natural gas (LNG) conduit means San Diego-based Sempra Energy’s credit ratings must be reassessed, a research report released Thursday by Standard & Poor’s Ratings Services (S&P) said. Sempra’s relatively strong ratings (BBB+/Stable/A-2) currently do not consider it being in the LNG business.
GOP Energy Proposal to Call for FERC to Collect Gas, Power Prices
The Republican-crafted draft energy bill would require the Federal Energy Regulatory Commission to gather data on natural gas and electricity prices, according to Republican aides on Capitol Hill.
AGA, EnCana Cite Weaknesses in FERC’s Code of Conduct for Gas Market
The Federal Energy Regulatory Commission should require “all sellers of natural gas,” not just a few select industry sectors, to adhere to the agency’s proposed code of conduct aimed at curbing manipulative behavior and transactions in gas markets, the American Gas Association (AGA) said last week.
Enron Says ‘Dramatic’ Changes Require Another Reorganization Extension
Enron has requested yet another extension to filing its reorganization plan, according to papers filed this week in the U.S. Bankruptcy Court for the Southern District of New York. Enron, which has requested and received three extensions already, was given until April 30, but has asked for an extension to June 30.
Enron Says ‘Dramatic’ Changes Require Another Reorganization Extension
Enron has requested yet another extension to filing its reorganization plan, according to papers filed last week in the U.S. Bankruptcy Court for the Southern District of New York. Enron, which has requested and received three extensions already, has a current deadline of April 30, but has asked for an extension to June 30.
Process Gas Consumers Tell Feds: Hands Off Price Survey Process
The Process Gas Consumers (PGC), representing end users whose processes require the use of natural gas, has advised FERC Chairman Pat Wood it is “strongly” opposed to the federal government taking a hand in the price reporting process for natural gas, which is currently performed by independent publishers (such as NGI).
Missouri PSC Questions Kinder Morgan Imbalance Revenues
The Missouri Public Service Commission (MPSC) has asked FERC to require Kinder Morgan Interstate Gas Transmission (KMIGT) to provide a detailed report of its annual imbalance revenue reconciliation and to explain why it has continually carried large excess imbalance volumes on its system for the last three years.
Missouri PSC Questions Kinder Morgan Imbalance Revenues
The Missouri Public Service Commission (MPSC) has asked FERC to require Kinder Morgan Interstate Gas Transmission (KMIGT) to provide a detailed report of its annual imbalance revenue reconciliation and to explain why it has continually carried large excess imbalance volumes on its system for the last three years.
Producers, Marketers Petition FERC to End Reporting Rule
Given that the high natural gas prices “no longer exist” that prompted FERC to require suppliers to report sales made to the California market, a group of major producers and marketers has asked the Commission to terminate the requirement when it comes up for renewal in January.