Spurned

As TransCanada Corp. pursues various parts of the spurned Keystone XL oil pipeline project, shippers who hold long-term firm contracts equating to 850,000 b/d are continuing to stick with the C$7 billion, 1,700-mile pipeline project, TransCanada CEO Russ Girling told an institutional investment conference in British Columbia (BC) Thursday.

TransCanada Corp. plans to continue to pursue various routes for the spurned Keystone XL oil pipeline project, and shippers holding long-term firm contracts equating to 850,000 b/d also plan to stick with the C$7 billion, 1,700-mile pipeline project, CEO Russ Girling said Thursday.

As TransCanada Corp. pursues various parts of the spurned Keystone XL oil pipeline project, shippers who hold long-term firm contracts equating to 850,000 b/d are continuing to stick with the C$7 billion, 1,700-mile pipeline project, TransCanada CEO Russ Girling told an institutional investment conference in British Columbia (BC) Thursday.

NRG Energy Inc. management last week spurned a sweetened all-stock merger offer from Exelon Corp. but told the company that if it tries harder, it might succeed. Several financial analysts sided with NRG, which would seem to give the ball back to Exelon, even though the company said its latest offer was “final.”

Spurned by producers that found better business conditions in neighboring provinces, Alberta officials Tuesday made a dramatic effort to entice the energy sector to return by offering a bundle of lucrative tax credits. Alberta’s efforts followed one by British Columbia (BC), which last week increased the amount of natural gas and oil royalty credits available to producers to encourage infrastructure development.

Spurned by producers that found better business conditions in neighboring provinces, Alberta officials Tuesday made a dramatic effort to entice the energy sector to return by offering a bundle of lucrative tax credits.

San Jose, CA-based Calpine Corp. Friday spurned the $11 billion marriage proposal from Princeton, NJ-based NRG Energy Inc., but the eastern independent power plant operator indicated it would not give up trying to link up with its western-based equivalent. Calpine said NRG’s offer is “inadequate and materially undervalues” its asset portfolio of late-model natural gas-fired plants and the nation’s largest geothermal power fleet.

Spurned last month by a harbor commission board that refused to complete several years of environmental review work, the sponsors of the proposed liquefied natural gas (LNG) receiving terminal in Long Beach (CA) harbor Thursday asked a state Superior Court in Los Angeles to force the port to complete the job it took on jointly with FERC more than three years ago.

Spurned but not passive, Atlanta-based Mirant Corp. Wednesday sued NRG Energy, Inc., the company it covets, for rejecting what is being described as an $8 billion takeover bid.