Taking another step on the long road of making the Mackenzie Gas Project a reality, the parties to the cooperation plan for the environmental impact assessment and regulatory review of a natural gas pipeline project through the Northwest Territories said Monday that the Preliminary Information Package (PIP) submitted by the proponents of the Mackenzie Gas Project on June 18 has been evaluated and accepted as complete (see Daily GPI, June 30).
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CCRO Head: Embattled Energy Market on Road to Recovery
The scandal-ravaged natural gas and electricity industries have hit bottom and are now in a recovery mode, said the head of the Committee of Chief Risk Officers (CCRO) last Wednesday.
CCRO Head: Embattled Energy Market on Road to Recovery
The scandal-ravaged natural gas and electricity industries have hit bottom and are now in recovery mode, said the head of the Committee of Chief Risk Officers (CCRO) Wednesday.
Duke’s Priory Sees Tough Road Through 2004
Duke CEO Richard Priory said in order to deal with the downward pressure and volatility in the energy industry the company has taken and will continue to take some “very strong and decisive steps” to position the company for the uncertain future.
Duke’s Priory Sees Tough Road Through 2004
Duke CEO Richard Priory said in order to deal with the downward pressure and volatility in the energy industry the company has taken and will continue to take some “very strong and decisive steps” to position the company for the uncertain future.
Two Years and Two Major Accidents Produce New Pipeline Safety Law
Legislation to improve the safety and security of pipelines finished its long road through the U.S. Congress last Thursday and was on its way to the president, who is expected to sign into law new rules for pipeline inspection and employee training, increased penalties for operating violations, establishment of a nationwide one-call system and protections for whistle-blowers (H.R.3609).
Two Years and Two Major Accidents Produce New Pipeline Safety Law
Legislation to improve the safety and security of pipelines finished its long road through the U.S. Congress Thursday and was on its way to the president, who is expected to sign into law new rules for pipeline inspection and employee training, increased penalties for operating violations, establishment of a nationwide one-call system and protections for whistle-blowers (H.R.3609).
In a Repeat of Last Thursday’s Session, Volatility Ruled the Day
Natural gas futures took a long road to nowhere Thursday as prices moved to either side of the recent trading range on waves of local and commercial liquidation and short-covering.
El Paso, AEP Take Another Analyst (SSB) Hit
Continuing to take the low road on certain energy companies, Salomon Smith Barney (SSB) Friday knocked the props out from under American Electric Power (AEP) and El Paso Corp., removing the “outperform” label and dropping them back “in-line” with the rest of the gas and electric utility sector.
Charges Drop FPL Earnings 55% in 3Q, but Management Sees Higher Earnings Ahead
FPL Group last week raised its full-year 2002 earnings forecast by about 5 cents a share, and now expects earnings through next year will be on the rise as well. As it had expected, the third quarter was hit with charges in its unregulated power group and mark-to-market accounting, which pushed earnings down 55% over the same period of 2001. Minus the charges, FPL surpassed Wall Street estimates.