Start

The Ottawa government needs to invest at least C$100 million in the Arctic to jump start economic development there, according to a report released Monday by the National Round Table on the Environment and the Economy. Aside from additional investments in infrastructure or the proposed natural gas pipeline, the report noted money is needed now to improve the regulatory and investment climate in the region.

A state legislative proposal (SB 278X) emerged late last Friday to start the political process for implementing the governor’s agreement (MOU) with Southern California Edison Co. to return the utility to credit-worthiness in exchange for selling its transmission system to the state and assuring below-market power supplies from the utility’s existing fleet of hydro, nuclear and coal-fired power plants.

A state legislative proposal will be introduced later this week to start the political process for implementing the agreement (MOU) between California’s governor and Southern California Edison Co. to return the utility to credit-worthiness in exchange for selling its transmission system to the state and assuring below-market power supplies from the utility’s existing fleet of hydro, nuclear and coal-fired power plants.

Canadian exporters got off to a spectacular start, piling up a 253% increase in revenues from sales to the United States during the first quarter of the current natural gas contract year. In Canadian dollars, the value of gas exports shot up to $11.6 billion during the three months that ended Jan. 31 compared to $3.28 billion in the same period of 1999-2000, according to records kept by the National Energy Board.

Following more than a nine-hour delay to the start of the FERC meeting last Wednesday, a very divided Commission voted out a controversial market monitoring and mitigation plan in an attempt to bring some measure of sanity to wholesale power prices in the out-of-control California energy market over the next year.

Canadian exporters got off to a spectacular start, piling up a 253% increase in revenues from sales to the United States during the first quarter of the current natural gas contract year. In Canadian dollars, the value of gas exports shot up to $11.6 billion during the three months that ended Jan. 31 compared to $3.28 billion in the same period of 1999-2000, according to records kept by the National Energy Board.

Following more than a nine-hour delay to the start of FERC meeting yesterday, a very divided Commission voted out a controversial market monitoring and mitigation plan that will attempt to tame wholesale power prices in the ailing California energy market over the next year.

A recent decision by the Indiana Utility Regulatory Commission (IURC) has cleared the way for a Cinergy Capital & Trading (CC&T) Inc. subsidiary to start construction on a 130 MW, gas-fired electric peaking facility in Indiana.

A bill that could force Texas electric utilities to start offering significant refunds to customers early next year passed a key Texas House panel earlier this month, but now faces a series of hurdles that it must clear before the current session of the Texas Legislature expires at the end of May. That’s a tight deadline, but one that could be met, a spokesperson for Texas-based TXU Electric told NGI.