Financial recovery in the energy industry is going to take a very long time, given that $226 billion — or more than 90% of market capitalization — was lost by the dozen major energy trading and power generation firms, a Nymex executive on Tuesday told a national meeting of state regulators in Portland, OR.
Threatens
Articles from Threatens
Sen. Murkowski Threatens to Filibuster ANWR
Sen. Frank Murkowski (R-AK), a leading proponent of oil and gas drilling in the Arctic National Wildlife Refuge (ANWR), threatened Thursday to mount a filibuster to the economic-stimulus bill or other legislation, in order to force a vote on the ANWR issue before Congress adjourns for the year.
GAO Threatens Legal Action to Gain Cheney’s Records
The General Accounting Office warned last week that it is prepared to go to the mat to obtain information from Vice President Dick Cheney related to the workings of the Cabinet-level task force on energy policy, even if it means filing a civil lawsuit.
Utilities: FERC Mitigation Threatens Western Reliability
Recent steps taken by FERC to mitigate the price of power in California and the West threaten the reliability of the electricity supply in the region and could result in power supply shortages in many areas of the West, a group of Western utilities argued on Tuesday.
SoCalGas: Growing FR Usage Threatens El Paso Reliability
Full requirements (FR) service for East of California customers, which gives them unlimited access to firm capacity at no additional demand charges, is a “significant contributing factor” to the shortfall of transportation capacity on El Paso Natural Gas, and the practice should be ended, says Southern California Gas (SoCalGas).
GAO Threatens Legal Action to Gain Cheney’s Records
The General Accounting Office warned this week that it is prepared to go to the mat to obtain information from Vice President Dick Cheney related to the workings of the Cabinet-level task force on energy policy, even if it means filing a civil lawsuit.
California Governor Threatens Windfall Profits Tax
Frustrated by inaction at the federal level on wholesale power price caps, California gubernatorial staffers Wednesday tossed their latest grenade on the public negotiations table by supporting a proposed state windfall electricity profits tax. They said Gov. Gray Davis will consider signing such a new law if it hits his desk. But they carefully drew short of saying categorically that the governor will sign a bill or that he is lobbying for one.
New Nevada Law Stops Restructuring, Threatens Merger
Although its $2 billion acquisition of Portland General Electric is in doubt, Reno-based Sierra Pacific Resources likes the law passed last Wednesday by the Nevada legislature because it promises to protect Sierra’s two electric utilities from the soaring western wholesale electricity prices that have eroded the finances of California’s two largest utilities.
New Nevada Law Stops Restructuring, Threatens Merger
Although its $2 billion acquisition of Portland General Electric is in doubt, Reno-based Sierra Pacific Resources likes the law passed late Wednesday by the Nevada legislature because it promises to protect Sierra’s two electric utilities from the soaring western wholesale electricity prices that have eroded the finances of California’s two largest utilities.
Wisconsin Energy Threatens to Unplug
Wisconsin Energy Corp.’s proposal to build and rebuild powerplants in the state was a little less certain at the end of lastweek after the company threatened to pull the plug on its $6billion proposal if it is not allowed to spin off its power plantsinto an unregulated subsidiary.