Indicative of the continuing stalemate on what to do aboutCalifornia’s chronic power market woes, Sempra Energy’s CEO and thechairman of the Federal Energy Regulatory Commission pushed forsharply different actions at an energy executive forum, “PowerCrisis in the West,” hosted by Massachusetts-based Xenergy.
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Articles from Sides
ConEd/NU Merger Conditions Unpopular With All Sides
The Connecticut Department of Public Utility Control finally passed down its much-delayed approval of Consolidated Edison’s (CEI) acquisition of Northeast Utilities (NU). The problem is, neither company, nor the state’s attorney general, is marking DPUC’s heavily conditional approval in the win column.
Surprise! Producers Defend Pipelines
Although often on different sides of the fence at FERC and onCapitol Hill, major producers have rallied to defend interstate gaspipelines against allegations that painted them and other pipes asticking “time bombs.”
Maritimes Production, Deliveries Delayed
While the new Maritimes & Northeast Pipeline is ready toflow, with government approvals on both sides of the border, itwill be sometime later in the month before Sable Island wells areoperational, according to a spokeswoman for the new Nova Scotia toNew England pipeline.
Futures Market Adjusts as Traders Take Sides
The bears were at it again at Nymex on Tuesday, prompting someanalysts to suggest the downtrend that has weighed on the marketfor over 4 months has resumed. The September contract was thehardest hit by the selling pressure, moving down 5.8 cents to$1.983 on the day.