A start has been made on lightening the long shadow cast on the future of Canadian natural gas supplies by rapid development of the northern Alberta oilsands with the arrival of the first example of new technology aimed at tapping alternative fuel sources.
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Federal, State Energy Initiatives Hurt by CA, Enron
California’s debacle followed by Enron’s scandal has cast a broad shadow over state and federal energy initiatives this year, according to former U.S. Sen. Slade Gorton (R-WA), speaking last Thursday at a two-day industry conference in Seattle, “Buying and Selling Power in the West.”
Federal, State Energy Initiatives Hurt by CA, Enron
California’s debacle followed by Enron’s scandal has cast a broad shadow over state and federal energy initiatives this year, according to former U.S. Sen. Slade Gorton (R-WA), speaking Thursday at a two-day industry conference in Seattle, “Buying and Selling Power in the West.”
Gov. Strikes Deal with Cal Edison
With the shadow of one major utility’s bankruptcy barely cast, California Gov. Gray Davis late Monday announced a “memorandum of agreement” with the state’s other major financially wounded investor-owned utility, Southern California Edison Co. in which the state will purchase the Edison transmission grid assets in return for a way out of its credit crunch and back to solvency.
Warm Weather Casts Shadow Over Futures Market
The futures market gave the impression it was heading higheryesterday when February opened at Tuesday’s high and quickly tradedto $1.85. But the selling dried up, leaving the market vulnerableto light selling for the rest of the session. The February contractclosed down 5.1 cents for the day at $1.77.
Court Ruling May Cast Shadow Over El Paso Settlement
The D.C. Circuit Court of Appeals has remanded an orderapproving the El Paso Natural Gas rate settlement for furtherreview, citing as its reason FERC’s refusal to give SouthernCalifornia Edison (Edison) the opportunity to challenge theagreement based on its status as an indirect customer of thepipeline.