New Mexico regulators Thursday unanimously approved the $620 million cash sale of Albuquerque-based PNM Resources’ natural gas distribution utility operations, the state’s largest gas distributor, to New Mexico Gas Co.
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PG&E Ruby Pipeline Deal Gets OK
California regulators last Thursday unanimously approved Pacific Gas and Electric Co.’s (PG&E) 15-year, 375,000 Dth/d transportation contract on the proposed Ruby Pipeline from Wyoming to southeast Oregon where existing north-south interstate pipelines serve PG&E.
CPUC Approves PG&E Ruby Pipeline Deal
California regulators Thursday unanimously approved Pacific Gas and Electric Co.’s (PG&E) 15-year, 375,000 Dth/d transportation contract on the proposed Ruby Pipeline from Wyoming to southeast Oregon where existing north-south interstate pipelines serve PG&E.
Cash Market Slides on Bearish Fundamentals
Siding with prior-day futures weakness instead of sticking to the week’s flip-flopping trend, cash points unanimously crumbled on Friday with most points declining by more than a half-dollar and a number of points out west shedding more than a dollar.
FERC Reinforces Competition in Power Market
Reaffirming its commitment to perfecting the competitive wholesale power market, the Federal Energy Regulatory Commission last Thursday unanimously approved a final rule to strengthen organized transmission markets as Chairman Joseph T. Kelliher noted the long history of bipartisan support for the competitive power market and expressed the hope it will be continued by a new administration.
Court Rules for GeoMet in Ongoing Gas Pipeline Case
The Virginia Supreme Court has unanimously ruled in favor of Houston-based GeoMet in its ongoing natural gas pipeline dispute with a CNX Gas Corp. affiliate. The dispute is centered on a 32-acre coalbed methane (CBM) play in Buchanan County, VA.
Quest Resources, Pinnacle Gas Amend Merger Agreement
Following a review of financial forecasts, the boards of directors of Oklahoma City, OK-based Quest Resources Corp. and Pinnacle Gas Resources Inc. have unanimously approved an amendment to their previously announced stock-for-stock merger agreement.
National Fuel Gas Wary of Largest Stockholder
The Pennsylvania Public Utility Commission (PUC) last Thursday voted unanimously to look into the possible change of control of National Fuel Gas Distribution Corp. and the actions of New Mountain Vantage and others acting in concert with New Mountain.
Pennsylvania PUC Looking Into National Fuel’s Pursuer
The Pennsylvania Public Utility Commission (PUC) Thursday voted unanimously to look into the possible change of control of National Fuel Gas Distribution Corp. and the actions of New Mountain Vantage and others acting in concert with New Mountain.
NARUC Supports Federal Climate Change Law, Policy Options
Among 10 board-approved resolutions passed unanimously, the National Association of Regulatory Utility Commissioners (NARUC) urged Congress to address climate change Wednesday at the conclusion of its annual meeting in Anaheim, CA. Among six energy-related recommendations, NARUC urged climate-related legislation with cap-and-trade design principles for reducing greenhouse gas (GHG) emissions.