The smell of natural gas wafted across a portion of California’s Silicon Valley Tuesday, and it was a welcome presence for a change for the utility and local officials, signifying that Pacific Gas and Electric Co. (PG&E) was moving forward to pressure test more of its gas transmission pipeline system that has been placed under close scrutiny since the pipeline rupture in San Bruno that killed eight people Sept. 9.
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Transportation Notes
Signifying moderate weather and lack of demand in the Golden State, Pacific Gas and Electric issued a systemwide Stage 2 high-inventory OFO on its California Gas Transmission system for Saturday. Penalties of $1/Dth were set for positive daily imbalances exceeding a 13% tolerance. Southern California Gas extended a high-linepack OFO that was implemented Friday through at least Saturday. SoCalGas had said it expected to have no more injection capacity in its storage fields as of Friday.
PECO Reaches Rate Increase Settlement With Six Entities
Signifying that it has reached an agreement with six entities regarding a service rate increase it requested in March 2008, PECO filed a joint settlement petition Thursday with the Pennsylvania Public Utility Commission (PUC). The utility, which serves 1.6 million electric and 480,000 natural gas customers in southeastern Pennsylvania, said the increase is necessary to offset rising costs.
CPUC Launches Initiative on Global Climate Change
Signifying a trend that some energy stakeholders expect to grow this year, the California Public Utilities Commission announced Wednesday it will hold an en banc meeting Feb. 23 to address climate change and greenhouse gas emission issues. The CPUC indicated it will begin by identifying what it called “best practices” for all of the industries it regulates (electricity, natural gas, telecommunications, water and transportation).
CPUC Launches Initiative on Global Climate Change
Signifying a trend that some energy stakeholders expect to grow this year, the California Public Utilities Commission announced Wednesday it will hold an en banc meeting Feb. 23 to address climate change and greenhouse gas emission issues. The CPUC indicated it will begin by identifying what it called “best practices” for all of the industries it regulates (electricity, natural gas, telecommunications, water and transportation).
Transportation Notes
Florida Gas Transmission ended an Overage Alert Day notice that was in effect for Tuesday only.
People
Signifying a changing of the guard of sorts, BP plc’s board said Thursday that Tony Hayward, 45, will succeed Richard Olver , 56, as CEO of BP’s vast Exploration and Production unit. Hayward most recently held the position of COO for Exploration and Production. Olver will replace Rodney Chase, 59, in his duties as deputy chief executive. BP said Chase will retire from the company on April 23, 2003, but will relinquish his role as deputy chief executive “with immediate effect.” Chase will remain on the board as senior advisor to BP CEO John Browne. In his new position, Olver will hold accountability for health, safety and the environment, human resources management, marketing, technology and digital business. BP said he will have regional responsibility for Europe (including Russia), the Middle East, Africa and the Americas. The board also announced that it intends to appoint Hayward, John Manzoni, 43, chief executive of Refining and Marketing, and David Allen , 48, group chief of staff, to the board as managing directors of BP, effective Feb. 1. The company said Allen will be accountable for economics and planning, corporate communications and senior management education.
People
Signifying a changing of the guard of sorts, BP plc’s board said Thursday that Tony Hayward, 45, will succeed Richard Olver, 56, as CEO of BP’s vast Exploration and Production unit. Hayward most recently held the position of COO for Exploration and Production. Olver will replace Rodney Chase, 59, in his duties as deputy chief executive. BP said Chase will retire from the company on April 23, 2003, but will relinquish his role as deputy chief executive “with immediate effect.” Chase will remain on the board as senior advisor to BP CEO John Browne. In his new position, Olver will hold accountability for health, safety and the environment, human resources management, marketing, technology and digital business. BP said he will have regional responsibility for Europe (including Russia), the Middle East, Africa and the Americas. The board also announced that it intends to appoint Hayward, John Manzoni, 43, chief executive of Refining and Marketing, and David Allen, 48, group chief of staff, to the board as managing directors of BP, effective Feb. 1. The company said Allen will be accountable for economics and planning, corporate communications and senior management education.