The never-say-die City of Mount Vernon, NY, has asked FERC to subpoena information from Consolidated Edison of New York so it can adequately review the agency’s “prior assumption” that the only place for the embattled Millennium Pipeline to interconnect with the utility is in its town.
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Mount Vernon, NY, Seeks Subpoena to Study Millennium Route
The never-say-die City of Mount Vernon, NY, has asked FERC to subpoena information from Consolidated Edison of New York so it can review the agency’s “prior assumption” that the only place for the embattled Millennium Pipeline to interconnect with the utility is in its town.
El Paso and Coalition to Study $1.6B Nova Scotia Pipe
In an effort to transport natural gas supplies from off the coast of Nova Scotia to markets in eastern Canada and the northeastern United States, El Paso Corp. said that it has begun engineering studies for the 1 Bcf/d Blue Atlantic Transmission System. The company has gathered a coalition of technical expertise from both countries to address the specific design and technology issues involved in constructing the proposed 750-mile, 36-inch offshore pipeline.
El Paso and Coalition to Study $1.6B Nova Scotia Pipe
In an effort to transport natural gas supplies from off the coast of Nova Scotia to markets in eastern Canada and the northeastern United States, El Paso Corp. said that it has begun engineering studies for the 1 Bcf/d Blue Atlantic Transmission System. The company has gathered a coalition of technical expertise from both countries to address the specific design and technology issues involved in constructing the proposed 750-mile, 36-inch offshore pipeline.
EPR: Major Petroleum Cos. Show 3Q Earnings Decline
Following its quarterly study, the Energy Performance Review (EPR) found that 10 of the largest US-based integrated petroleum companies reported consolidated earnings before special items totaling $11 billion for the third quarter of 2001, off one-third from the near-record $15.6 billion posted for the second quarter of the year. The mark also reflects nearly a one-third reduction from the $15.9 billion posted for the third quarter of 2000, according to the group’s most recent data.
EPR: Major Petroleum Cos. Show 3Q Earnings Decline
Following its quarterly study, the Energy Performance Review (EPR) found that ten of the largest United States-based integrated petroleum companies reported consolidated earnings before special items totaling $11 billion for the third quarter of 2001, off one-third from the near-record $15.6 billion posted for the second quarter of the year. The mark also reflects nearly a one-third reduction from the $15.9 billion posted for the third quarter of 2000, according to the groups most recent data.
Alaska Producers Say Gas Pipeline Would Be Too Expensive
A natural gas pipeline to the Lower 48 states from Alaska would be too expensive to build and too risky, according to a preliminary study by Exxon Mobil Corp., Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope. The producers told Alaska Gov. Tony Knowles’ natural gas development team at a meeting last week in Anchorage that the project looks like a long shot at best.
Alaska Producers Say Gas Pipeline Would Be Too Expensive
A natural gas pipeline to the Lower 48 states from Alaska would be too expensive to build and too risky, according to a preliminary study by Exxon Mobil Corp., Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope. The producers told Alaska Gov. Tony Knowles’ natural gas development team at a meeting last week in Anchorage that the project looks like a long shot at best.
Energy Study Seeks Public Policy Answers
The Hewlett Foundation has announced a $10 million energy initiative that will focus on energy supply and conservation issues in California and the Intermountain West and support the development of comprehensive, balanced and practical national energy policy options.
Study Shows Energy and Telecommunications, ‘So Happy Together’
Most energy and telecommunications companies have become involved in the convergence of the two industries within the last few years, and more consolidation is anticipated over the next few years, according to a recent survey conducted by consulting firm KPMG LLP. Respondents cited the sharing of infrastructure as the number one reason by a large margin that companies within the two industries are coming together.