Shareholder proposals requesting information on hydraulic fracturing (fracking) practices, which received an average 30.3% shareholder support in 2010, are becoming more popular, receiving an average 40.7% support this year, according to Institutional Shareholder Services. The corporate proxy firm has proposed a policy calling on shareholders to vote for proposals requesting greater disclosure of fracking operations, including measures companies have taken to mitigate potential community and environmental impacts. Current ISS policy does not specifically address fracking-related shareholder proposals.
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Transportation Notes
Tennessee downgraded Friday the Balancing Alert OFO that it had declared specifically for three meters (see Daily GPI, Oct. 21) to an Action Alert OFO until further notice.
Atmos Accused of Flipping, SMHT Violations
FERC has “preliminarily determined” that Atmos Energy Corp. and two affiliates committed capacity release violations within the past decade.
FERC Accuses Atmos Energy of Flipping, SMHT Violations
FERC has “preliminarily determined” that Atmos Energy Corp. and two affiliates committed capacity release violations within the past decade.
West Texas Drilling Spurring Midstream Buildout
Activity in the Delaware Basin of West Texas-southeastern New Mexico — specifically the Avalon and Wolfcamp shales and Bone Spring formation — has heated up enough for Nuevo Midstream LLC to take its gas processing plant near Orla, TX, out of mothballs. Separately last week Targa Resources Partners LP announced an anchor commitment to DCP Midstream LLC’s Sandhills Pipeline.
Midstream Buildout Targets Avalon Shale
Activity in the Delaware Basin of West Texas-southeastern New Mexico — specifically the Avalon and Wolfcamp shales and Bone Spring formation — has heated up enough for Nuevo Midstream LLC to take its gas processing plant near Orla, TX, out of mothballs.
Bison Seeks to Place Bulk of Project in Service
Bison Pipeline LLC has asked FERC to approve its request to put the bulk of its pipeline project in service by Tuesday (Jan. 4).
Atlas Reports Record Quarterly Output in Marcellus Shale
Average net production in the Appalachian business unit of Atlas Energy Inc. hit a record 63.3 MMcfe/d in 3Q2010, representing a 53%-plus increase in output year/year and a 15.4% jump from the previous three months, the Pittsburgh-based producer said Wednesday.
Maritimes Seeks FERC OK to Export Gas to Canada
Maritimes & Northeast Pipeline LLC has asked FERC for authorization so that, in addition to importing natural gas at the U.S.-Canadian border, it can export gas to Canada.
Maritimes Seeks FERC OK to Export Gas to Canada
Maritimes & Northeast Pipeline LLC has asked FERC for authorization so that, in addition to importing natural gas at the U.S.-Canadian border, it can export gas to Canada.