Sought

Several environmental groups led by the Natural Resources Defense Council (NRDC) Tuesday sought a temporary restraining order to once again try to prevent natural gas development in the Atlantic Rim play in Carbon County, WY.

FERC last Thursday ruled that the high level of collateral sought by Kern River Gas Transmission from Reliant Energy Services Inc. (RES) to transport natural gas on its 2003 expansion was justified, and for the most part cannot be undone.

FERC Thursday ruled that the high level of collateral sought by Kern River Gas Transmission from Reliant Energy Services Inc. (RES) to be a shipper on its 2003 expansion was valid, and for the most part cannot be undone.

The co-sponsor of a proposal that sought to give states veto power over the siting of liquefied natural gas (LNG) terminal projects withdrew the measure at the last moment Tuesday, expressing concern that the controversial amendment could jeopardize passage of the broader bill. But he vowed to bring up the issue in the Senate later.

Comments are being sought on an energy industry petition that calls on FERC to initiate a rulemaking to make a series of permanent regulatory and policy changes aimed at spurring the construction of interstate natural gas pipeline expansions, new storage capacity and takeaway facilities related to liquefied natural gas (LNG) import projects. The agency’s action is procedurally somewhat unusual, given that FERC is seeking comments ahead of its decision on whether to conduct the requested rulemaking proceeding.

Comments are being sought on an energy industry petition that calls on FERC to initiate a rulemaking to make a series of permanent regulatory and policy changes aimed at spurring the construction of interstate natural gas pipeline expansions, new storage capacity and takeaway facilities related to liquefied natural gas (LNG) import projects. The agency’s action is procedurally somewhat unusual, given that FERC is seeking comments ahead of its decision on whether to conduct the requested rulemaking proceeding

The final shareholder vote won’t be revealed for a few more days, but Chevron Corp. CEO Dave O’Reilly on Wednesday announced that the long-sought merger between his company and Unocal Corp. is completed, and will translate into a 1-2 cent earnings per share increase in 2006.

The U.S. Supreme Court last week declined without explanation to hear an appeal by the Public Utility District (PUD) of Snohomish County, WA, which sought millions of dollars in refunds for power purchases it made during the western U.S. electricity crisis of 2000-01.

While local and state permitting is still being sought, the proposed ChevronTexaco liquefied natural gas (LNG) receiving terminal on the leeward side of the Coronado Islands off the North Baja Pacific Coast have been targeted by environmental groups that are alleging the Mexican federal government did not adequately review the potential impact of the proposed terminal operation on local wildlife.