Stalled

With its merchant energy unit, National Energy Group, headed toward Chapter 11 proceedings, where its utility operations currently are stalled, PG&E Corp. Tuesday reported a first quarter net loss of $354 million, or 93 cents/share, compared to net income of $631 million, or $1.71/share, for the first quarter last year.

With its merchant energy unit, National Energy Group, headed toward Chapter 11 proceedings, where its utility operations currently are stalled, PG&E Corp. Tuesday reported a first quarter net loss of $354 million, or 93 cents/share, compared to net income of $631 million, or $1.71/share, for the first quarter last year.

A deal to sell a 60% interest in one of three proposed liquefied natural gas (LNG) receiving terminals along the Texas coast stalled on Friday, but the parties remained optimistic that the transaction will be completed before the end of this year, paving the way for a LNG terminal in Freeport, TX.

A deal to sell a 60% interest in one of three proposed liquefied natural gas (LNG) receiving terminals along the Texas coast stalled on Friday, but the parties remained optimistic that the transaction will be completed before the end of this year, paving the way for a LNG terminal in Freeport, TX.

More than six months after California regulators approved a comprehensive settlement for the unbundling of Southern California Gas Co.’s intrastate pipeline transmission and storage system, the deal has yet to be implemented, and its prospects are uncertain at best, a SoCalGas official told an industry audience in San Diego Thursday.

In an attempt to prod producers and pipeline companies into action on the long-stalled Alaska natural gas pipeline, the Senate comprehensive energy bill (S. 517) — which is due to be debated this week — would authorize the federal government to consider the possibility of a government corporation stepping in to build the mammoth project if the private sector fails to come through.

In an attempt to prod producers and pipeline companies into action on the long-stalled Alaska natural gas pipeline, the Senate comprehensive energy bill (S. 517) would authorize the federal government to consider the possibility of a government corporation stepping in to build the mammoth project if the private sector fails to come through.

California’s energy crisis and the record high gas prices last winter have stalled energy deregulation and competition in retail natural gas markets, according to the latest statistics from the Energy Information Administration (EIA). In contrast to predictions made one year ago by the American Gas Association (AGA) that nearly 50% of the residential gas customers in the nation were, or soon would be able to choose from competing retail suppliers, only about 27% are able to do so today and just 6% are actively participating, according to the EIA data.

California’s energy crisis and the record high gas prices last winter have stalled energy deregulation and competition in retail natural gas markets, according to the latest statistics from the Energy Information Administration (EIA). In contrast to predictions made one year ago by the American Gas Association (AGA) that nearly 50% of the residential gas customers in the nation were, or soon would be able to choose from competing retail suppliers, only about 27% are able to do so today and just 6% are actively participating, according to the EIA data.