The Philadelphia Gas Commission’s (PGC) long term role as soleregulator of Philadelphia Gas Works’ (PGW) is coming to an end. PGWwill have to answer to a new governing body, the PennsylvaniaPublic Utility Commission (PUC). The state agency will now set theutility’s rates, as well as follow up on customer complaints andconcerns.
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PA PUC to Take Over Rate Setting
The Philadelphia Gas Commission’s (PGC) long term role as soleregulator of Philadelphia Gas Works’ (PGW) is coming to an end. PGWwill have to answer to a new governing body, the PennsylvaniaPublic Utility Commission (PUC). The state agency will now set theutility’s rates, as well as follow up on customer complaints andconcerns.
Prices Rally Strongly As Weather Influence Grows
Fundamentals began playing a larger role in a rebounding weekendmarket Friday as several sources expressed relief that thepreviously frenetic screen was beginning to calm down.
MMS Mulls Future of Gulf Supply
The Minerals Management Service (MMS) released results of astudy evaluating the role of the federal Outer Continental Shelf(OCS) in supplying future U.S. gas demand. Results were presentedat an industry symposium held in Houston yesterday.
Electric Surveys Ponder Role of Feds, Communication
Electric restructuring should be left up to the states and besubject to a minimum of federal government involvement, accordingto one survey just completed for the Electric Consumers’ Alliance(ECA). Meanwhile, another survey by RKS Research & Consultantsfinds commercial customers are increasingly demanding of betterservice and lower rates from their electricity suppliers in stateswhere competition already has begun.
People
Halliburton announced that Dick Cheney has resumed the role ofchairman and will also continue in his current position as CEO.Joining Halliburton in 1995 as CEO, Cheney served as chairman andCEO from 1996 until the merger between Halliburton and DresserIndustries in September 1998. Cheney will succeed William Bradfordas chairman. Bradford will retire at the end of January after threedecades of dedicated service to Dresser Industries and mostrecently Halliburton.
Columbia to Restart Cove Point Imports; LNG on the Rise
The role of liquefied natural gas (LNG) in the U.S. gas supplymix continues to grow. Last year’s third quarter saw a significantpercentage jump in LNG imports, and that trend likely will continuewith LNG import facilities being reopened in Maryland and Georgia.
3Q 1999 Saw Big Jump in LNG Imports
The role of liquefied natural gas (LNG) in the U.S. gas supplymix continues to grow as 1999’s third quarter saw a significantpercentage jump in LNG imports. According to the U.S. Department ofEnergy’s Office of Natural Gas & Petroleum Import and ExportActivities, total gas imports grew by 15% over the third quarter of1998 while LNG imports were up a strong 221% over the same period.A 10% rise in Canadian imports and a 154% rise in Mexican importswere also noted. At the same time, U.S. exports of gas to Mexicogrew by 41%.
People
Cuba Wadlington Jr. has officially assumed the role of presidentand CEO of Williams’ gas pipeline unit. Wadlington succeeded BrianO’Neill, who announced last summer his intention to retireeffective Jan. 1. Wadlington, 56, previously served as executivevice president of Williams’ gas pipeline unit and senior vicepresident and general manager of Williams Gas Pipeline-Transco.
TRC Commissioner Touts TX Gas
Texas stands to play a larger role in meeting the nation’sdemand for natural gas, according to one member of the TexasRailroad Commission. After reviewing a report by the NationalPetroleum Council titled “Meeting the Challenges of the Nation’sGrowing Natural Gas Demand,” TRC Commissioner Tony Garza said hesaw opportunities for the state.