Tells

EIA Tells Congress 2002 Was a Rough Year for Energy Companies

Twenty-eight major energy companies reported that their net profits were nearly cut in half to $20.6 billion in fiscal 2002 due to supply-induced lower prices for natural gas and crude oil and the collapse of the energy trading business that year, according to the Energy Information Administration’s (EIA) annual report to Congress on the industry’s performance. In a nutshell, it was a rough year.

February 20, 2004

House Tells Energy Bill Conferees to Take Out OCS Inventory

The House late Wednesday voiced its opposition to a provision in the energy bill calling for the federal government to inventory oil and natural gas resources in the Outer Continental Shelf (OCS).

October 17, 2003

Alaska Governor Tells Mackenzie Pipe Interests to Not Interfere

Even though a natural gas pipeline would cut across Canada en route to the Lower 48, Canadian officials should back off while U.S. officials decide whether to offer subsidies on a proposed Alaska pipe, Gov. Frank Murkowski said at a Calgary energy conference last week.

October 6, 2003

Alaska Governor Tells Mackenzie Pipe Interests to Not Interfere

Even though a natural gas pipeline would cut across Canada en route to the Lower 48, Canadian officials should back off while U.S. officials decide whether to offer subsidies on a proposed Alaska pipe, Gov. Frank Murkowski said at a Calgary energy conference this week.

October 1, 2003

FERC Tells 5 Pipes to Craft Detailed Cash Pool Agreements

FERC’s chief accountant last week sent letters to five pipelines, Florida Gas, Transwestern Pipeline, Transcontinental Gas Pipe Line, Gulf South Pipeline and El Paso Natural Gas, informing them that they need to have updated written cash management agreements with their parent companies to identify the rules governing how corporate money pools are utilized. El Paso has an existing but outdated written agreement with its parent, FERC Chief Accountant John Delaware said.

September 15, 2003

FERC Tells 3 Pipes to Craft Cash Pool Agreements with Parent Companies

FERC’s chief accountant on Tuesday told Enron subsidiaries Florida Gas Transmission (FGT) and Transwestern Pipeline Co. and Williams subsidiary Transcontinental Gas Pipe Line that they should have written cash management agreements between the parent companies and the regulated subsidiaries to identify the rules governing how corporate money pools are utilized.

September 10, 2003

WPL Tells FERC ANR’s Expansion Critical to Power Reliability in Wisconsin

Alliant Energy’s Wisconsin Power and Light (WPL) has urged the Federal Energy Regulatory Commission to “act expeditiously” in its rehearing of ANR Pipeline Co.’s application for its $42.1 million WestLeg pipeline expansion (see Daily GPI, June 5). WPL said the new gas transportation capacity is desperately needed to fuel new power generation at the Riverside Energy Center that is “crucial to electric reliability in the state.” FERC issued an order on Aug. 6 granting rehearing of the application at the request of ANR.

August 26, 2003

Wood Mackenzie Tells COGA Trading on the Rebound

Marketing and trading is central to a deregulated natural gas market, and it is gradually and very quietly being restored as producers and utilities hire traders to build their marketing departments. Traders who once worked for major marketers who were part of the “midstream meltdown are being dispersed into smaller shops,” said Edward M. Kelly, head of North American gas and power consulting for Wood Mackenzie.

August 5, 2003

EPSA Tells Abraham Gas Market is Responding Without Government Intervention

Noting that the natural gas market within the United States appears to be correcting itself, the Electric Power Supply Association (EPSA) said late last month that it believes proscriptive federal policies on the fuel are not necessary.

July 7, 2003

EPSA Tells Abraham Gas Market is Responding Without Government Intervention

Noting that the natural gas market within the United States appears to be correcting itself, the Electric Power Supply Association (EPSA) said late last month that it believes proscriptive federal policies on the fuel are not necessary.

July 2, 2003