Stated

In an Aug. 14 story titled “Rockies Producers Enjoy Rapid Pipeline Build-Out; 8.4 Bcf/d of Capacity Planned,” it was incorrectly stated that export capacity out of the Rockies would be nearly doubled in the next three years (see NGI, Aug. 14). Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver that export capacity would grow to 12.4 Bcf/d. However, a slide showing current export capacity of 6.6 Bcf/d excluded the San Juan Basin. While export capacity will grow significantly through mainly the Rockies Express pipeline, it is intraregional capacity that will more than double, Simmons said. NGI regrets the error.

In an Aug. 11 story titled “Rockies Producers Enjoy Rapid Pipeline Build-Out; 8.4 Bcf/d of Capacity Planned,” it was incorrectly stated that export capacity out of the Rockies would be nearly doubled in the next three years (see Daily GPI, Aug. 11). Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver that export capacity would grow to 12.4 Bcf/d. However, a slide showing current export capacity of 6.6 Bcf/d excluded the San Juan Basin. While export capacity will grow significantly through mainly the Rockies Express pipeline, it is intraregional capacity that will more than double, Simmons said. NGI regrets the error.

A California state lawmaker and four environmental groups Tuesday proposed a new state law for energy efficiency (AB 2020) with stated goals of capturing $3 billion in savings for consumers, cleaning the air, and assuring long-term power supply reliability. The proposed new law would apply to both private- and public-sector utilities, and was previewed late last week (see Power Market Today, Feb. 13)

Royal Dutch/Shell Group’s former CEO of exploration and production (E&P) stated this week that he had uncovered the company’s reserves discrepancies after he took over the business unit and had repeatedly warned top management of the problems before they were publicly disclosed in January (see Daily GPI, Jan. 12).

In a story that ran in today’s Daily Gas Price Index. It was incorrectly stated that FERC informed El Paso Natural Gas this week that it should have a written agreement governing money pool arrangements with its parent company. The story should have said that although El Paso Natural Gas already does have a written agreement with its parent related to its cash management program, the agreement is outdated and does not identify the current name of the parent company. FERC Chief Accountant John Delaware also told the pipeline company that it should update its cash management agreement to include missing information, such as the duties and responsibilities of both the pipeline and its parent company, the specific interest rate, when the interest is to be paid and the method for calculating and allocating expenses (see Daily GPI, Sept. 12).

NGI’s Daily Gas Price Index incorrectly stated that “active”ownership by a class of market participants in a regionaltransmission organization (RTO) was limited to a benchmark of 25%.The correct level is 15%. Active ownership of RTOs by either aclass of market participants or an individual market participantwill cease after a five-year period, “with an extension possible incertain circumstances,” FERC said last week on rehearing of Order2000, which promotes the formation of RTOs in the electricitymarket.