Showing unusual candor and market aggressiveness, the CEO ofnonprofit, state-chartered California electricity power exchange(CalPX), George Sladoje, recently outlined plans for the CalPX toexpand through alliances and partnerships with private sectortechnology firms. Expansion plans are drawing heavy criticism fromrival, for-profit power exchange Automated Power Exchange (APX),which wants federal regulators to reign in the stategovernment-created operator of the world’s largest wholesale powermarket.
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Transportation Notes
For the second week in a row, Pacific Gas & Electricdeclared an unusual weekday low-inventory OFO. The order, effectivetoday, carries $1/dth penalties for negative imbalances exceeding10%.
Hoecker Gives Counsel to NOPR, NOI Negotiators
In an unusual step last week, FERC Chairman James Hoeckeroffered some advice to the industry negotiators who have beenmeeting in closed-door sessions to craft an agreement on the majornatural gas initiatives contained in the notice of proposedrulemaking (NOPR) and notice of inquiry (NOI).
Hoecker Gives Counsel on NOPR, NOI Negotiations
In an unusual step last week, FERC Chairman James Hoeckeroffered some advice to the industry negotiators who have beenmeeting in closed-door sessions to craft an agreement on the majornatural gas initiatives contained in the notice of proposedrulemaking (NOPR) and notice of inquiry (NOI).
Prices Plummet; San Juan Down by A Quarter
Just as Wednesday was an unusual day in having East and Westmarkets rising in tandem, the two regions joined again Friday inmoving in the same direction-only this time the direction was down,way down. Decreases of less than a dime were few, and San JuanBasin plumbed depths not seen in a long time by falling a quarterto the $1.50 area. The Permian Basin and Waha plunged by 20 centsor more.
Massey Nomination Moves to Full Senate
In an unusual move Thursday, the Senate Energy and NaturalResources Committee forwarded the nomination of FERC CommissionerWilliam L. Massey to the full Senate for approval immediatelyfollowing his confirmation hearing.