Shave

Consol Energy Inc. said Thursday it has too much of a good thing — natural gas — and low prices will lead to reduced spending and well drilling in the Marcellus Shale this year.

As a bipartisan group of senators worked behind closed doors Friday to shave more than $100 billion from the $900 billion-plus economic stimulus package, Capitol Hill sources expected that the bulk of the tax cuts and spending for renewable fuels production, construction of power transmission facilities and energy conservation would survive.

As a bipartisan group of senators worked behind closed doors Friday to shave more than $100 billion from the $900 billion-plus economic stimulus package, Capitol Hill sources expected that the bulk of the tax cuts and spending for renewable fuels production, construction of power transmission facilities and energy conservation would survive.

Moving the clock ahead an hour for daylight saving time three weeks early could help shave peak power demand in California by 3% for the rest of March, although no one will know for sure if the federally mandated change will make any appreciable difference until more data is collected during the next three weeks, the California Energy Commission (CEC) announced last Friday before the time switch.

With state regulatory okays for its near-term programs designed to shave 40 MW of electricity and 5 million therms of gas loads, Bellevue, WA-based Puget Sound Energy (PSE) announced Friday it will seek outside help through a request-for-proposal (RFP) process to reach and exceed its conservation goals.

Williams’ Transcontinental Gas Pipeline (Transco) filed to amend a previously granted FERC certificate for its $189 million Momentum expansion project. The pipeline wants to phase in and reduce the size of the expansion due to changes in the needs of two power generation customers in the Southeast.

Williams’ Transcontinental Gas Pipeline (Transco) filed to amend a previously granted FERC certificate for its $189 million Momentum expansion project. The pipeline wants to phase in and reduce the size of the expansion due to changes in the needs of two power generation customers in the Southeast.

While some experts expect the economic slowdown to shave significant gas demand from the market this winter, Raymond James & Associates believes there will be a substantial shift toward greater year-over-year gas demand comparisons by mid-December. The investment bank said that high prices last winter drove about 8-10 Bcf/d of demand out of the market in the first quarter of 2001. At least half of that demand should be back by the first quarter of 2002, it said.

While some experts expect the economic slowdown to shave significant gas demand from the market this winter, Raymond James & Associates believes there will be a substantial shift toward greater year-over-year gas demand comparisons by mid-December. The investment bank said that high prices last winter drove about 8-10 Bcf/d of demand out of the market in the first quarter of 2001. At least half of that demand should be back by the first quarter of 2002, it said.