Taking its cue from FERC’s Dec. 15 ruling on reforms in theCalifornia power markets, a national group of municipal gasdistributors last week called on the Commission to immediatelyissue an order that would set $2.74/Mcf as the benchmark price fornatural gas over the next three years, and would provide forcustomer refunds for any sales above that level.
Articles from Seek
Energy Leaders Seek Answers for Western Power Crisis
The effects of the western power crisis will prevail throughthis year and beyond — with the possibility of much more severeproblems and concurrent economic consequences this summer than havebeen seen so far — according to a western energy summit Friday,which included western state governors, top federal energyofficials, and the CEOs of energy producers and industrialconsumers.
New York Mercantile Exchange Chairman Daniel Rappaport hasannounced he will not seek reelection for a fifth term as chairman.Rappaport has been a member of the exchange since 1981 and servedas chairman since 1983.ÿ
Dynegy Proposals to Limit Cost Exposure in CA Condemned
Pacific Gas & Electric has called on FERC to rejectproposals that seek to give California utilities less time to paytheir ballooning generation cost obligations, and would absolvesellers of penalties for not supplying power if customers can’t paytheir bills.
PG&E Asks FERC to Nix Dynegy Proposals for CA
Pacific Gas and Electric has called on FERC to reject proposalsthat seek to give California utilities less time to pay theirballooning generation cost obligations, and would absolvegenerators of penalties for not supplying power in emergencysituations if customer creditworthiness standards aren’t met.
California Regulators, Utilities Seek FERC Action on Gas Prices
California consumers, regulators and utilities have expanded their complaints against sky-high power prices to include natural gas prices, leveling accusations against El Paso Natural Gas and demanding federal intervention in the 15-year old competitive natural gas market.
CA Customers Seek Relief From FERC
El Paso Merchant Energy, an affiliate of El Paso Natural Gas, isreaping “monopoly rents in excess of 7,000% higher than the justand reasonable rate approved by the Commission for its regulatedsibling,” Southern California Edison told the Federal EnergyRegulatory Commission last week.
PG&E, Sempra Seek Approval of Baja Project
PG&E National Energy Group, an affiliate of PG&E Corp.,last week formally filed an application at FERC seeking the greenlight to build the U.S. leg of a 215-mile natural gas pipeline thatwould extend from the Arizona-California border through northernBaja in Mexico.
PG&E, Sempra Seek FERC OK for North Baja Project
PG&E National Energy Group, an affiliate of PG&E Corp.,has formally filed an application at FERC seeking the green lightto build the U.S. leg of a 215-mile natural gas pipeline that wouldextend from the Arizona-California border through northern Baja inMexico.
Senators Seek Review of Chevron, Texaco Deal
The chairman and ranking Democrat on the Senate Judiciary’santitrust subcommittee said they plan to carefully review theproposed $35 billion merger of Chevron Corp. and Texaco Inc.because of the industry consolidation issues raised.