If FERC ultimately finds in favor of various power suppliers in a dispute over whether refunds should be ordered as a result of dysfunctional power prices in the Pacific Northwest in 2000-2001, such a decision would have a “devastating impact” on the credibility of both the federal agency and its staff, an attorney representing the City of Seattle said last Monday.
Suppliers
Articles from Suppliers
Mobile Gas Raises Rates 22% on Peak Gas Prices
With wholesale gas prices for March and April nearly triple what prices were for the same months in 2002, very little can be done to prevent some impact on utility customers. Despite forward purchasing, storage and other risk management practices, Mobile Gas in Alabama said its residential customers still will see a 22% increase in their rates.
CA Legislative Proposals Look at Retail Power Choice
Retail choice of power suppliers, a lynch pin of California’s unfulfilled electric industry restructuring, received a renewed boost from California state lawmakers last month with at least two bills submitted in the Assembly aimed at reinvigorating so-called “direct access” options.
FERC Unveils Policy Statement on Power Contract Challenges
In an effort to bring greater certainty to utilities and power suppliers entering into wholesale power contracts, while at the same time hopefully slashing the amount of litigation that has arisen from those contracts, FERC last Wednesday issued a proposed policy statement that would set a standard of review that must be met in order to justify proposed changes to market-based rate contracts for wholesale sales of electric energy by utilities.
LNG Suppliers Find Fault With Southern LNG’s Rate Hike
Two Trinidad-based liquefied natural gas (LNG) exporters are protesting a rate hike request by Southern LNG for terminaling at its Elba Island import station, saying the request would result in 260% cumulative increases since the project was first proposed. They warned that because of “inefficient high-cost bottlenecks in the gas chain, the United States’ gas market will become less attractive as a destination for LNG supplies.”
LNG Suppliers Find Fault With Southern LNG’s Rate Hike
Two Trinidad-based LNG exporters are protesting a rate hike request by Southern LNG for terminaling at its Elba Island import station, saying the request would result in 260% cumulative increases since the project was first proposed. They warned that because of “inefficient high-cost bottlenecks in the gas chain, the United States’ gas market will become less attractive as a destination for LNG supplies.”
Producers, Marketers Petition FERC to End Reporting Rule
Given that the high natural gas prices “no longer exist” that prompted FERC to require suppliers to report sales made to the California market, a group of major producers and marketers has asked the Commission to terminate the requirement when it comes up for renewal in January.
Producers, Marketers Petition FERC to End Reporting Rule
Given that the high natural gas prices “no longer exist” that prompted FERC to require suppliers to report their sales to the California market, a group of major producers and marketers has asked the Commission to terminate the requirement when its comes up for renewal in January.
LADWP Looks at a New Gas Strategy
The nation’s largest municipal utility, and one of the public sector bulk power suppliers that has made some money supplying power to the rest of California recently, the Los Angeles Department of Water and Power (LADWP) is reassessing its natural gas strategy for its fleet of in-state power plants in and around the LA Basin.
TransCanada Projects A Less-Than-Full Future
Natural-gas suppliers and buyers got what they wanted north of the U.S. border–a truly competitive market in delivery services is at hand, TransCanada PipeLines Ltd. has told the National Energy Board. TransCanada predicts that within five years, two-thirds of its long-distance capacity for 7.5 Bcf/d will be sold the same way as most of the gas in its lines, on short contracts. “The traditional regulatory compact,” which kept the system reliably full on long service contracts, “has been dismantled” by allowing rivals to build new capacity.