Requirement

In an effort to shield jurisdictional companies from having their cash funds drained by parent firms facing financial troubles, FERC last Wednesday issued an interim final rule in which it proposes that regulated natural gas and oil pipelines and public utilities who participate in cash-management arrangements with their parents file written agreements at the agency. A second proposal called for additional financial reports from jurisdictional companies.

In an effort to shield jurisdictional companies from having their cash funds drained by parent firms facing financial troubles, FERC on Wednesday issued an interim final rule in which it is seeking comments on whether regulated natural gas and oil pipelines and public utilities who participate in cash-management arrangement with their parents should file written agreements at the agency. A second proposal called for additional financial reports from jurisdictional companies.

The Federal Energy Regulatory Commission has defended its decision to reject a requirement by Transcontinental Gas Pipe Line that converting firm transportation (FT) customers must take and pay for service on production area supply laterals. FERC’s order on (its second) remand Wednesday (RP92-137-052) explained to a court that the decision was not inconsistent with other orders regarding Transco.

The Federal Energy Regulatory Commission has defended its decision to reject a requirement by Transcontinental Gas Pipe Line that converting firm transportation (FT) customers must take and pay for service on production area supply laterals. FERC’s order on (its second) remand Wednesday (RP92-137-052) explained to a court that the decision was not inconsistent with other orders regarding Transco.

The U.S. Senate last Thursday shot down a bid by Sen. Jon Kyl (R-AZ) to eliminate a Democrat-backed federal requirement included in the omnibus energy bill (S. 517) that electric utilities generate 10% of their electricity using renewable energy fuels, such as solar energy, biomass and wind.

Just one month after it ended a major reporting requirement for sellers of natural gas to the California market, the Federal Energy Regulatory Commission has ordered all sellers of gas and electricity to western states to report their short- and long-term wholesale sale transactions for 2000 and 2001. The agency has threatened to take “appropriate enforcement action,” including issuing subpoenas, against companies that fail to respond.

Just one month after it ended a major reporting requirement for sellers of natural gas to the California market, the Federal Energy Regulatory Commission has ordered all sellers of gas and electricity to western states to report their short- and long-term wholesale sale transactions for 2000 and 2001. The agency has threatened to take “appropriate enforcement action,” including issuing subpoenas, against companies that fail to respond.

The Federal Energy Regulatory Commission has upheld its earlier order imposing a heavy reporting requirement on transporters and sellers of natural gas into the California market.

There’s one key requirement when building merchant power plants in Texas: think big, real big. FPL Energy LLC clearly followed that condition in announcing yesterday that it will take a lead role in building a 1,789 MW gas-fired merchant plant in the Dallas-Fort Worth area. It will be one of the largest independent generation projects in the state.