BP America Production Co. and affiliate BP Energy Co. have asked FERC to resolve what they believe is an “inconsistency” in an Oct. 31 stipulation and consent agreement negotiated with Transwestern Pipeline, which bars the pipeline from recovering a $550 million loan that it secured to help bail out its parent, Enron Corp., just weeks before it filed for bankruptcy last December.
Resolve
Articles from Resolve
Transwestern Offers Refund Settlement for Index-Based Rate Customers
Transwestern Pipeline has offered a proposed settlement that seeks to resolve FERC’s concerns over the high transportation rates the pipeline charged customers during the California energy crisis under index-based negotiated rate agreements (see NGI, July 22). It has asked the Commission to schedule settlement talks within 30 days to discuss the issue of refunds.
Transwestern Offers Refund Settlement for Index-Based Rate Customers
Transwestern Pipeline has offered a proposed settlement that seeks to resolve FERC’s concerns over the high transportation rates the pipeline charged customers during the California energy crisis under index-based negotiated rate agreements (see Daily GPI, July 18). It has asked the Commission to schedule settlement talks within 30 days to discuss the issue of refunds.
Millennium Gets Extension to Resolve NY Routing Concerns
FERC has pushed back the deadline until March 5 for Millennium Pipeline Co. LP to reach an agreement with the residents and political officials of Mount Vernon, NY, over the routing for the last two miles of the proposed 425-mile natural gas pipeline through the town.
Millennium Gets Extension to Resolve NY Routing Concerns
FERC has pushed back the deadline until March 5 for Millennium Pipeline Co. LP to reach an agreement with the residents and political officials of Mount Vernon, NY, over the routing for the last two miles of the proposed 425-mile natural gas pipeline through the town.
SoCalGas Stresses Its Role in Moderating Wholesale Prices
Seeking some credit for helping resolve California’s wholesale energy price and supply crisis last year, Southern California Gas Co. said at year-end that it “did everything in its power” to increase access and availability of natural gas supplies in the state, marking its10th consecutive year of avoiding curtailments to its 5.1 million customers. Its affiliated utility in the Sempra Energy companies, San Diego Gas and Electric Co., however, did curtail some of its largest industrial customers, including two power plants, on two separate occasions last winter.
SoCalGas Stresses Its Role in Moderating Wholesale Prices
Seeking some credit for helping resolve California’s wholesale energy price and supply crisis last year, Southern California Gas Co. said at year-end that it “did everything in its power” to increase access and availability of natural gas supplies in the state, marking its tenth consecutive year of avoiding curtailments to its 5.1 million customers. (Its affiliated utility in the Sempra Energy companies, San Diego Gas and Electric Co., however, did curtail some of its largest industrial customers, including two power plants, on two separate occasions last winter.)
Enron’s Offices Empty; Dynegy CEO Calls Lawsuit Sheer Desperation
The mood around Enron Corp.’s Houston headquarters Monday was resolve as much as anything else, as thousands of employees prepared for the inevitable pink slips following the weekend Chapter 11 bankruptcy filing by what was the world’s leading energy trader just a few weeks ago. With almost 21,000 employees worldwide, Houston’s offices will take the largest hit, with more than 4,000 of the 7,500 employees expecting to be let go this week.
CA Regulators Lessen Standby Charges for Electricity
California regulators are getting backlogged with key issues they must resolve in the increasingly complex and tight time frame that is left to fashion an economic solution to the state’s energy woes–regardless of how events unfold at the federal level. There is little more than a month for actions that would keep on track the state’s proposed bond sale, which now is slated for late summer or early fall.
Ca Stakeholders Resolve to March On
The reaction to Monday’s failure to obtain a federal mediated wholesale electricity settlement from a California state legislative leader and the state’s largest investor-owned utility were mixed, but both resolved that the state’s stakeholders will move on, seeking relief from what are alleged to be excessive charges from merchant generators/suppliers over the past months.