Slash

All Assets in Service, DCP Midstream Slashes Losses

With all of its previously disrupted assets in service and the expansion of its East Texas gathering system completed, DCP Midstream Partners was able to slash quarterly losses, reporting a net loss of $42.1 million (minus $1.41/share) in 2Q2009, compared with a net loss of $153.1 million (minus $5.67) in 2Q2008.

August 11, 2009

Wisconsin, Nation Eye Energy Efficiency Boost

Comprehensive energy efficiency programs have the potential to slash Wisconsin’s energy use, cut hundreds of millions of dollars annually in energy costs and create thousands of jobs as early as 2012, according to a study commissioned by the state Public Service Commission (PSC). According to the Energy Center of Wisconsin study, there could be $900 million in net energy cost savings for each year of efficiency investments.

August 10, 2009

Wisconsin Could Get Lift From Energy Efficiency

Comprehensive energy efficiency programs have the potential to slash Wisconsin’s energy use, cut hundreds of millions of dollars annually in energy costs and create thousands of jobs as early as 2012, according to a study commissioned by the state Public Service Commission (PSC). According to the study by the Energy Center of Wisconsin, there could be $900 million in net energy cost savings for each year of efficiency investments.

August 7, 2009

Shell Mounts Major Reorganization

Royal Dutch Shell plc will streamline its operations, it said last week, and could slash thousands of jobs as the company continues to tangle with weak commodity prices, a flagging economy and project delays.

June 1, 2009

Canadian Natural Slashes Capex by One-Third in ’08

Canadian Natural Resources Ltd. is blaming Alberta’s new royalty regime for its decision to slash capital spending by one-third in 2008, which ultimately may result in a double-digit drop in forecasted natural gas production.

December 3, 2007

Canadian Natural Slashes Capital Spending by One-Third in 2008

Canadian Natural Resources Ltd. blamed Alberta’s new royalty regime for its decision to slash capital spending by one-third in 2008, which will result in a double-digit drop in forecasted natural gas production.

November 28, 2007

EnCana May Cut Alberta Spending by $1B if Royalty Regime Enacted

EnCana Corp. threatened Friday to slash its 2008 capital investment in Alberta by 30-40%, or US$1 billion if the recommendations contained in the Alberta Royalty Review Panel Report are adopted. Most of the reductions would be in its natural gas activity.

October 1, 2007

Canada’s Oilpatch in Revolt over Royalty Regime Proposal

EnCana Corp. threatened Friday to slash its 2008 capital investment in Alberta by 30-40%, or US$1 billion, if all of the recommendations contained in the Alberta Royalty Review Panel Report are adopted. Most of the cutbacks would affect the producer’s natural gas activity.

October 1, 2007

CPUC Consumer Unit Wants $180M Cut From Sempra Utility Rates

The independent consumer unit at the California Public Utilities Commission, the Division of Ratepayer Advocates (DRA), July 5 released a recommendation to slash by $180 million the retail rates of Sempra Energy’s two California utilities, Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric Co. (SDG&E). An administrative law judge will later make a separate recommendation in the case.

July 9, 2007

CPUC Consumer Unit Wants $180M Cut From Sempra Utility Rates

The independent consumer unit at the California Public Utilities Commission, the Division of Ratepayer Advocates (DRA), Thursday released a recommendation to slash by $180 million the retail rates of Sempra Energy’s two California utilities, Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric Co. (SDG&E). An administrative law judge will later make a separate recommendation in the case.

July 6, 2007