TransCanada Corp. is seeking to freeze tolls on its natural gas Mainline at current levels until its grand design for reducing the troubled system’s charges — the proposed “business and services restructuring” — can be put into practice.
Troubled
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TransCanada Toll Reform Parties Urged to Keep at It
Round one has been won by resisting natural gas shippers in the international battle over TransCanada Corp.’s attempt to create a new tolling regime on its troubled Mainline.
TransCanada Toll Reform Parties Urged to Keep at It
Round one has been won by resisting natural gas shippers in the international battle over TransCanada Corp.’s attempt to create a new tolling regime on its troubled Mainline.
MMS Appointee Has Strong Law Enforcement Background
President Obama Tuesday said he picked Michael R. Bromwich, a partner in the law firm of Fried Frank’s in Washington, DC, and New York, to head up reform of the troubled Minerals Management Services (MMS).
BLM Head to Take Over MMS on Interim Basis
Bureau of Land Management (BLM) Director Bob Abbey will serve as acting director of the troubled Minerals Management Service (MMS), replacing Liz Birnbaum who either resigned on her own Thursday or was pushed out in the wake of the crude oil spill in the Gulf of Mexico (GOM).
Energy Policy ‘Boom Industry’ in Obama Administration
Even in the current troubled economy — and because of it — there will be historically large amounts of money and projects for energy-related programs in the Obama administration, according to Slade Gorton, a Seattle attorney and former Republican senator.
Energy Policy ‘Boom Industry’ in Obama Administration
Even in the current troubled economy — and because of it — there will be historically large amounts of money and projects for energy-related programs in the Obama administration, according to Slade Gorton, a Seattle attorney and former Republican senator.
Commerce Energy Mum on Deal Status
An extended deadline for troubled Commerce Energy to close a deal selling most of its remaining gas and electric retail customer base to Universal Energy Group Ltd. (UEG) passed last Saturday without comment from the company.
Universal Energy Closes Deal for Commerce Energy
Toronto-based Universal Energy Group (UEG) has decided on a total package, acquiring troubled Commerce Energy Inc., the operating subsidiary of Commerce Energy Group (CEG), for approximately US$26 million, UEG said. The deal replaces a partial acquisition the companies had originally negotiated, and ends the uncertainty that had been swirling just days before (see Daily GPI, Dec. 11).
Analysts: Weak Economy to Soften Gas Demand
Expectations of a troubled economy in 2009 shouldn’t weigh too heavily on the minds of gas producers if analysts at Barclays Capital are correct in their demand projections. Demand will be weak to be sure, but not as weak as some might fear, they say.