Regulators in Washington state have filed a complaint against Cascade Natural Gas Corp. for allegedly violating state and federal pipeline safety regulations and have recommended a maximum fine of $4 million.
Articles from Staff
FERC staff will prepare an environmental assessment (EA) of a trio of projects in two dockets that would expand mainline capacity of Texas Eastern Transmission LP by a combined 622,000 Dth/d to serve markets in the Midwest and Southeast with natural gas from the Marcellus and Utica shales.
FERC staff has issued a favorable environmental assessment (EA) for Gulf South Pipeline Co. LP’s Coastal Bend Header Project, which would create expansion capacity to deliver natural gas to Freeport LNG Development LP’s liquefied natural gas (LNG) export terminal near Freeport, TX.
A Houston-based subsidiary of France’s Total SA and two of the company’s West Desk traders and supervisors allegedly developed a scheme to manipulate the price of natural gas in the southwest United States between June 2009 and June 2012, according to staff in FERC’s Office of Enforcement.
Staff of the New Hampshire Public Utility Commission (PUC) came down on the side of Tennessee Gas Pipeline’s (TGP) Northeast Energy Direct (NED) project, with the competing Access Northeast project of Spectra Energy, Eversource Energy and National Grid coming second in an evaluation of natural gas-related options to lower wholesale power prices.
Environmental groups, the Edison Electric Institute and large natural gas end-users were quick to commend the Senate’s confirmation Thursday of Gina McCarthy as head the Environmental Protection Agency (EPA), but oil and natural gas companies were apparently following the rule, “if you can’t say anything nice, don’t say anything at all.”
Safety staff at the California Public Utilities Commission (CPUC) last week reiterated its rationale for a proposed $2.25 billion penalty against Pacific Gas and Electric Co. (PG&E) arising from the natural gas pipeline explosion two years ago in San Bruno (see NGI, May 13).
Safety staff at the California Public Utilities Commission (CPUC) on Wednesday reiterated their rationale for a proposed $2.25 billion penalty against Pacific Gas and Electric Co. (PG&E) in a reply to the utility’s recent filing in the CPUC penalty consideration cases arising out of a natural gas transmission pipeline rupture and explosion in San Bruno, south of San Francisco (see Daily GPI, May 7).
Quicksilver Resources Inc. is continuing to “hammer on the cost side” of its business, deferring elective spending in the energy patch and cutting back on staff. A recently announced joint venture (JV) in the Barnett Shale with Tokyo Gas Co. Ltd. was welcome news (see NGI, April 8), but there is more work ahead. “We are focused on the most important projects and we’re bringing in partners to both reduce debt and assist in the development of our assets,” said CEO Glenn Darden. “The company is very serious about reducing costs and living within cash flows.” Over the last year, the employee count has come down by about 20%. The Fort Worth, TX-based operator reported an adjusted net loss of $6 million (minus 4 cents/share) compared with a loss in 1Q2012 of $15 million (minus 9 cents). Since it was able to complete a long-sought Barnett Shale deal and in light of “challenging” natural gas liquids pricing, the company has shelved plans to create a Barnett master limited partnership (see NGI, Nov. 12, 2012).
The state of Texas is losing billions of dollar because of tax rate deductions for shale gas wells using hydraulic fracturing that are classified as “high cost wells,” according to a report by the state Legislative Budget Board (LBB).