Responding to projected shortages in natural gas and oilsupplies, the Minerals Management Service (MMS) has announcedproposed new rules to selectively extend deep-water royalty reliefin the Gulf of Mexico past the Nov. 28 expiration of the currentrelief program.
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MMS Moves to Extend Royalty Relief
Responding to projected shortages in natural gas and oilsupplies, the Minerals Management Service (MMS) has announcedproposed new rules to selectively extend deep-water royalty reliefin the Gulf of Mexico past the Nov. 28 expiration of the currentrelief program.
Texas PUC Confident Deregulation Will Work
When Texas debuts electricity deregulation in 2002, the statewon’t have the power shortages or high electricity rates likeCalifornia has experienced in the past few months, but some partsof the state may be effectively locked out of competition becauseof an aging transmission and distribution system.
Was Unbundling of CA Power Market a Mistake?
In the wake of generation shortages and price spikes that haveriddled the western power markets this summer, California’s newestregulators last week indicated the state’s experiment with furtherelectricity unbundling should be halted completely or at a minimumplaced on temporary hold. At least that was the message deliveredwhen the two regulators roundly criticized a new California PublicUtilities Commission staff report that advocated continuedunbundling of the state’s electric distribution market.
CA Gets 2nd Merchant Storage Project, 3rd on the Way
With natural gas and power shortages looming, Western HubProperties won significant victory from California regulators, whoover-rode both internal opposition and vociferous local oppositionfrom nearby property owners to give conditional approval to aproposed $80 million underground natural gas storage field inNorthern California.
CA ISO, Utilities Take Action on Shortages
Acknowledging that a combination of unexpected generator outagesand sustained hot weather could create the threat of power outagesthis summer, the California Independent System Operator (Cal-ISO)launched a new alert system for gaining enough voluntaryconservation by businesses and mass consumers to ride out thepeak-demand periods. Calling it “Power Watch 2000,” Cal-ISOPresident/CEO Terry Winter said he anticipates that both short- andlong-term the state can use market-based programs to addresspotential shortfalls.
CA ISO, Utilities Take Action on Shortages
Acknowledging that a combination of unexpected generator outagesand sustained hot weather could create the threat of power outagesthis summer, the California Independent System Operator (Cal-ISO)launched a new alert system for gaining enough voluntaryconservation by businesses and mass consumers to ride out thepeak-demand periods. Calling it “Power Watch 2000,” Cal-ISOPresident/CEO Terry Winter said he anticipates that both short- andlong-term the state can use market-based programs to addresspotential shortfalls.
Group Calls For Demand-Side Management in PJM
Power shortages and price spikes within the PJM Power Pool areas likely this summer as barbecues and sunburns, according to aPennsylvania public interest group.
Group Calls For Demand-Side Market in PJM
Looking ahead to summer within the PJM Power Pool meansanticipating power shortages and price spikes. With virtually nonew generation coming on line for this summer, Pennsylvania publicinterest group PennFuture says it’s time to create a demand sidemarket for electricity and give consumers an incentive to conserve.