Two-thirds of polled Americans don’t believe Congress has done enough to adopt a comprehensive energy policy to meet the nation’s present and future energy needs, according to a public opinion survey released last Tuesday by the Alliance for Energy and Economic Growth (AEEG).
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Survey Reveals Public’s Dissatisfaction with Congress on Energy Bill
Two-thirds of polled Americans don’t believe Congress has done enough to adopt a comprehensive energy policy to meet the nation’s present and future energy needs, according to a public opinion survey released Tuesday by the Alliance for Energy and Economic Growth (AEEG).
Calpine Drops Northern California LNG Plan Due to Local Opposition
The local outpouring of about 900 citizens, two-thirds of which opposed the idea of a liquefied natural gas (LNG) receiving terminal, prompted San Jose, CA-based Calpine Corp. last Wednesday to drop its plans for studying the feasibility of a LNG import terminal and other facilities in the far northern end of California in Humboldt Bay.
EnCana Scores 49% U.S. Gas Production Increase in ’03, Records Huge Profit Increase
North American natural gas, which makes up two-thirds of EnCana Corp.’s current production, will continue to be its “primary focus” for the long term, CEO Gwyn Morgan said Thursday, while reporting 2003 earnings of US$2.36 billion ($4.92/share), up 183% from pro forma 2002.
NW Aluminum Plant Shut-Downs Looming
Already operating at about two-thirds of capacity,energy-intensive aluminum smelting plants in the Pacific Northwestare facing further cutbacks and plant closings because of highpower prices that have some of the operators looking at developingtheir own natural gas-fired generators. At risk are five companiesand ten smelting plants.
NW Aluminum Plant Shut-Downs Looming
Already operating at about two-thirds of capacity,energy-intensive aluminum smelting plants in the Pacific Northwestare facing further cutbacks and plant closings because of highpower prices that have some of the operators looking at developingtheir own natural gas-fired generators. At risk are five companiesand ten smelting plants.
BP Amoco Buying Another Third of Destin
BP Amoco grew its share of the Destin Pipeline from one-third totwo-thirds by acquiring the one-third share of Southern Natural GasCo. Tejas Destin LLC holds the remainder.
BP Amoco Buying Another Third of Destin
BP Amoco exercised its right of first refusal to buy SouthernNatural Gas Co.’s one-third interest in the Destin Pipeline,growing its share to two-thirds. Tejas Destin LLC holds theremainder.
Industry Briefs
Consolidated Edison announced it plans to sell two-thirds (5,500MW) of its New York City electric generation plants in an auctionstarting this summer. Its plants will be divided into threebundles. Each bundle will include a major generating facility-theRavenswood Generating Station in Long Island City, the AstoriaGenerating Station in Astoria, or the Arthur Kill Station on StatenIsland-and gas turbine generating facilities in Queens andBrooklyn. The company plans to sell two of the bundles throughauction and retain the remaining bundle, which has not yet beenidentified. It expects to receive authorization from the New YorkState Public Service Commission (PSC) by July 1. The auctionprocess would begin later that month, with the winning bidders tobe announced in January 1999.