The New Jersey Board of Public Utilities announced last weekthat it would require interruptible natural gas customers tomaintain a seven-day supply of alternative fuels on site, orthrough a firm contractual arrangement. The action will help tomake energy prices in New Jersey a little less volatile going intothe heating season, the BPU said.
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The New Jersey Board of Public Utilities announced yesterdaythat it would require interruptible natural gas customers tomaintain a seven-day supply of their alternative fuel source onsite, or through a firm contractual arrangement. The action willhelp to make energy prices in New Jersey a little less volatilegoing into the heating season.
FERC has granted Transcontinental Gas Pipeline a “temporary,limited term waiver” of its tariff to require advancecapacity-release offers and nominations for the first week of theYear 2000 by Dec. 27 and 28, respectively. The waiver would extendthrough Jan. 7, Transco said, and would only be used in the eventof an unanticipated systems failure or other Y2K-related problems.
The “catastrophic” impact of anemic crude oil prices on domesticoil and gas producers will require Congress and the Clintonadministration to take “extraordinary” measures to resuscitate an”industry that is on its knees,” lawmakers on the Senate Energy andNatural Resources Committee said last week.
The House Subcommittee on Energy and Mineral Resources Thursdayapproved royalty-in-kind legislation (H.R. 3334) to require thefederal government to take the actual oil or natural gas product asits royalty payment instead of cash for production offshore and onfederal lands. The bill, opposed by the Interior Department’sMinerals Management Service (MMS), included an amendment whichwould allow the government to receive cash for production fromlow-volume producing wells in remote locations.