Hal Kvisle, president and CEO of TransCanada Corp., is retiring June 30. Russ Girling, who is now the COO, is to take the reins the following day. Kvisle said he would assist Girling with the transition through Aug. 31 and be available as an adviser to him after that. Kvisle joined TransCanada in 1999 as executive vice president and assumed the CEO role in 2001. In 2008 Kvisle was named Canada’s Outstanding CEO of the Year. “The TransCanada team has achieved and exceeded the objectives we set for ourselves more than a decade ago,” Kvisle said. “Our Canadian gas transmission business is expanding to move BC [British Columbia] shale gas to market. We are working to extend our Canadian system to connect northern gas from Mackenzie and Alaska.” In the past decade, “we’ve built Canada’s largest private sector power business and North America’s second largest natural gas storage business…” It was under Kvisle’s leadership that TransCanada won the state concession to construct the Alaska gasline to carry North Slope gas to Lower 48 markets (see NGI, April 5). Girling joined TransCanada in 1994. Before he was appointed to the COO position in July 2009 he held several leadership positions at TransCanada including president, pipelines; CFO and executive vice president, corporate development; and executive vice president, power. Girling also is the current chairman of the Interstate Natural Gas Association of America.
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California’s Central Valley Eyes Post-Carbon Era
It’s no more than an early indicator now, but soon California’s oil/gas-rich and agricultural-based central valley may become a harbinger for America’s transition to the post-carbon age. A host of small alternative energy businesses are springing up in the oil and farm heartland of the state, along with a proposed cutting-edge carbon capture and storage (CCS) project that recently won a $308 million U.S. Department of Energy (DOE) grant from the stimulus package.
California’s Central Valley Post-Carbon Harbinger
It’s no more than an early indicator now, but soon California’s oil/gas-rich and agricultural-based central valley may become a harbinger for America’s transition to the post-carbon age. A host of small alternative energy businesses are springing up in the oil and farm heartland of the state, along with a proposed cutting-edge carbon capture and storage (CCS) project that recently won a $308 million U.S. Department of Energy (DOE) grant from the stimulus package.
Constellation Forecasts Calmer Waters Ahead
With two major divestitures nearly completed and a strong liquidity position achieved, the end of an often turbulent transition period for Constellation Energy may be at hand, the company said last week.
Constellation Forecasts Calmer Waters Ahead
With two major divestitures nearly completed and a strong liquidity position achieved, the end of an often turbulent transition period for Constellation Energy may be at hand, the company said.
Prices Flying High as Hurricane Path Looks More Threatening
Both the cash and futures markets skyrocketed Tuesday due to the rapid transition of Gustav from tropical storm to hurricane and, more important, the fact that its most likely projected tracking was looking much more ominous for Gulf of Mexico (GOM) production infrastructure.
California Utilities Commit to Clean Transport
Sempra Energy’s two utilities announced their commitment Tuesday to helping California accelerate the state’s transition to a more carbon-free environment by using more low-carbon fuels for the utilities’ transportation needs in addition to their already high-profile, state-mandated efforts in boosting renewable energy use and stepped-up energy efficiency programs.
Moderating Weather Pulls Nearly All Points Down
With many areas in transition toward milder temperatures again, flat Dawn and NOVA Inventory Transfer quotes were the only exception to falling cash prices Thursday. The previous day’s 27.6-cent drop by expiring March futures added to the bearish mood.
Prices Stage All-Points Rally as Cold Returns
Beginning another transition into the on-again, off-again periods of frigid conditions that have dominated February’s weather pattern, cash prices saw strong double-digit gains at all points Monday. The previous Friday’s 25.5-cent advance by March futures also was supportive, and the return of industrial load from weekend hiatus gave a little extra boost to the physical market.
Prices Down at All Points; Rockies Crash Again
In trading for flows through the end of September, prices fell at all points Thursday as the continuing transition to seasonal autumn weather combined with abundant storage levels put further negative pressure on the cash market. The incorporation of the usual loss of industrial load over a weekend was another bearish influence, as was the absence of any near-term tropical storm threats to Gulf of Mexico production.