Serving

As natural gas pipelines serving traditional long-line routes to market in North America have begun filing for new rate hikes in an attempt to make up for the load lost to locally delivered shale gas, fundamental market changes associated with the rate increases could affect basis differentials going forward, according to a new report from Evergreen, CO-based Bentek Energy.

Natural gas pipelines serving traditional long-line routes to market have begun filing for new rate hikes of up to 500% in an attempt to make up for the load lost to locally delivered shale gas, Dena Wiggins, counsel to the Process Gas Consumers Group (PGC), told a membership meeting Thursday.

Natural gas pipelines serving traditional long-line routes to market have begun filing for new rate hikes of up to 500% in an attempt to make up for the load lost to locally delivered shale gas, Dena Wiggins, counsel to the Process Gas Consumers Group (PGC), told a membership meeting Thursday.

Port Arthur, TX, is slated to be the site of a new multi-user rail terminal to handle delivery of Bakken Shale crude oil to the Gulf Coast for distribution to pipeline or refining consumers in Texas.

CenterPoint Energy officials are investigating what caused one of the company’s gas lines to explode last Thursday morning around 8 a.m. in Minneapolis, MN. While the explosion and resulting fireball could be seen for miles, no injuries were reported and repair work was under way.

Severe weather conditions early this month caused a double whammy for the two interstate natural gas pipelines serving the Southwest, and the result was curtailments by some of the distribution utilities, particularly in New Mexico, representatives from Transwestern and El Paso Natural Gas pipeline units told a U.S. Senate energy committee informational hearing Monday in Albuquerque, NM.

Duke Energy (DUK) intends to acquire Progress Energy Inc. (PGN) in a $13.7 billion stock deal that would create the country’s largest utility, serving 7.1 million power customers in six regulated territories, the companies said last week. While the majority of the combined company’s generation would be coal-fired, natural gas and oil units would account for more than one-third of owned generating capacity.

The proposed merger of Northeast Utilities and NSTAR, which would create one of the country’s largest utilities serving 500,000 natural gas customers as well as three million electric customers, would harm competitive energy markets in New England, according to the New England Power Generators Association (NEPGA).

Duke Energy (DUK) is to acquire Progress Energy Inc. (PGN) in a $13.7 billion stock deal that would create the country’s largest utility, serving 7.1 million power customers in six regulated territories, the companies said Monday. While the majority of the combined company’s generation would be coal-fired, natural gas and oil units would account for more than one-third of owned generating capacity.