Reviewing

After clearing both houses of the legislature, Virginia Gov. Tim Kaine is reviewing legislation that conceivably would permit natural gas development 30 miles off of the state’s coastline.

Westerners from Montana to New Mexico appear emboldened by a new Wyoming law giving more rights to property owners, and the Bureau of Land Management (BLM) is now reviewing longstanding “split estate” rules, where the surface rights are privately owned but the subsurface rights are publicly held. The issue is of particular concern in the Rocky Mountain states, where coalbed methane (CBM) exploration is expanding, and property owners see their land rights diminishing.

The U.S. Coast Guard Sector Northern New England has started reviewing the safety and security issues of liquefied natural gas (LNG) tanker traffic through Passamaquoddy Bay and its approaches to Mill Cove and Split Rock, ME, in conjunction with FERC’s permitting process for Downeast LNG’s proposed $400 million terminal and Quoddy Bay LLC’s LNG project in Maine.

All of the focus has been on supplying U.S. markets, but Mexico, with growing energy demands of its own, is reviewing proposals to import and produce liquefied natural gas (LNG). Mexico is said to be close to finalizing an agreement with a group of energy companies to supply the country with 630 MMcf/d for up to 18 years.

All of the focus has been on supplying U.S. markets, but Mexico, with growing energy demands of its own, is reviewing proposals to import and produce liquefied natural gas (LNG). Mexico is said to be close to finalizing an agreement with a group of energy companies to supply the country with 630 MMcf/d for up to 18 years.

In reviewing the company’s progress in 2004 and its priorities for 2005, DTE Energy CEO Anthony F. Earley Jr. said he expects the company will report 2004 operating (non-GAAP) earnings guidance of $2.40 to $2.50 per share. For 2005, Earley said the preliminary estimate for 2005 operating earnings guidance is between $3.30 and $3.60 per share.

In reviewing the company’s progress in 2004 and its priorities for 2005, DTE Energy CEO Anthony F. Earley Jr. said he expects the company will report 2004 operating (non-GAAP) earnings guidance of $2.40 to $2.50 per share. For 2005, Earley said the preliminary estimate for 2005 operating earnings guidance is between $3.30 and $3.60 per share.

Attorneys for the California Public Utilities Commission (CPUC) indicated last week that they are reviewing FERC’s denial of rehearing of its decision in the Sound Energy Solution (SES) liquefied natural gas (LNG) terminal proposed for the Port of Long Beach, CA. FERC asserted exclusive federal jurisdiction over the proposed LNG receiving terminal (see NGI, June 14, May 24, May 3, April 26). The CPUC has 60 days to make a federal district court filing on the issue.

Attorneys for the California Public Utilities Commission (CPUC) indicated Monday that they are reviewing FERC’s denial of rehearing of its decision in the Sound Energy Solution (SES) liquefied natural gas (LNG) terminal proposed for the Port of Long Beach, CA. FERC asserted exclusive federal jurisdiction over the proposed LNG receiving terminal (see Daily GPI, June 14). The CPUC has 60 days to make a federal district court filing on the issue.