Sided

A multi-sided battle is taking shape before Canada’s National Energy Board (NEB) over plans to overhaul the finances and tolls of Canada’s principal long-distance west-to-east natural gas transporter.

A multi-sided battle is taking shape before Canada’s National Energy Board (NEB) over plans to overhaul the finances and tolls of Canada’s principal long-distance west-to-east natural gas transporter.

Expressing strong dissatisfaction with what it considers California’s one-sided energy approach, the Arizona Corporation Commission (ACC) late last month unanimously voted to reject the proposed second Devers-to-Palo-Verde (DPV2) high-voltage interstate transmission line by Rosemead, CA-based Southern California Edison Co. Edison is the majority owner/operator of the existing high-voltage interstate line along the same route.

Despite the potential for an Atlantic Hurricane development friendly La Nina event, natural gas futures traders sided with warming temperatures Wednesday as the April contract continued to work lower for a third consecutive session. The prompt month recorded a low of $7.250 before settling at $7.300, down 23.3 cents from Tuesday’s close.

Gas traders and independent power producers won an early roundin a long, many-sided contest developing before the National EnergyBoard over costs of excess capacity created by the Canadianpipeline expansion wave.

Gas traders and independent power producers won an early roundin a long, many-sided contest developing before the National EnergyBoard over costs of excess capacity created by the Canadianpipeline expansion wave.