Having so far withstood record hydro-electric shortages and previously skyrocketing energy prices, Puget Sound Energy nevertheless is dissatisfied, asking the Federal Energy Regulatory Commission to modify its mid-June western wholesale power price mitigation measures that the Bellevue, WA-based combination utility holding company claims are too focused on California.
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Minnesota Energy Bill Expected to be Enacted
In an attempt to avoid electricity shortages predicted in the state by the end of the decade, Minnesota legislators passed a compromise energy bill last week that among other things, improves energy conservation, requires statewide planning for energy needs and clarifies regulations for building power plants and transmission lines. The legislation (SF022) is expected to be signed by Gov. Jesse Ventura and enacted in 2002.
Minnesota Legislature Approves Energy Bill
In an attempt to avoid electricity shortages predicted in the state by the end of the decade, Minnesota legislators passed a compromise energy bill late Monday that among other things, improves energy conservation, requires statewide planning for energy needs and clarifies regulations for building power plants and transmission lines. The legislation (SF022) is expected to be signed by Gov. Jesse Ventura and enacted in 2002.
Calpine Gets Boost in CA, Buys Rights for Plant in Washington
In separate actions last Wednesday, California’s governor and state officials gave a thumbs-up to two new power projects by San Jose, CA-based Calpine Corp. as the hyperactive merchant generator announced it assumed the development rights for another new plant in the state of Washington where construction will start almost immediately.
Calpine Gets Boost in CA, Buys Rights for Plant in Washington
In separate actions Wednesday, California’s governor and state officials gave a thumbs-up to two new power projects by San Jose, CA-based Calpine Corp. as the hyperactive merchant generator announced it assumed the development rights for another new plant in the state of Washington where construction will start almost immediately.
CA Gov. Offers Rate Refunds for Conservation
The pace of stopgap measures for California’s expected powershortages this summer picked up Tuesday with the governorannouncing rebates to customers cutting their summer power use by20% and Calpine Corp. striking an immediate two-month deal forproviding 550 MW to southern California markets starting todaythrough May 15. The short-term power pact is an interim one withthe state water resources department.
Chevron, Texaco and BR Reveal 2001 Cap Programs
As natural gas shortages become almost commonplace, and pricescontinued to stay perched at the higher end, it comes as nosurprise that producers such as Chevron, Texaco and Burlington haveincreased their capital and exploratory spending programs in 2001.
Mid-Sized Domestic E&Ps Lead the Pack in 2000
During a year that saw fears of natural gas shortages sendprices through the roof, spurring E&P companies into frenzieddrilling, energy company shares reached a median total return of48% in 2000, according to a new report by John S. Herold, Inc., aConnecticut-based independent energy research consulting firm.
Mid-Size E&Ps Lead the Pack in 2000
During a year that saw fears of natural gas shortages sendprices through the roof, spurring E&P companies into frenzieddrilling, energy company shares reached a median total return of48% in 2000, according to a new report by John S. Herold, Inc., aConnecticut-based independent energy research consulting firm.
High Prices, Alerts Continue in CA
The legislative architect of California’s 1996 precedent-settingelectric industry restructuring law Monday proposed a $2 billionreserve be carved out of the state’s next fiscal budget to fund astate effort to buy or build new generation plants. Theannouncement came at the same time the state energy commission,which approves all new power plants of 50 MW or larger, released alegislatively mandated report that concludes the state’s generationresources are adequate, and temporary peaking plants are not neededfor the upcoming summer.