Upgrade

Report Recommends $36 Billion U.S. Energy Upgrade Program

A comprehensive plan for the energy future of the United States released last week has been billed as a compromise plan that would expand supplies of conventional fuels and incentivize alternative and clean fuels at a cost of $36 billion to be paid by industrials, refiners and power generators over 10 years in the form of a cap-and-trade program for greenhouse gas emissions.

December 13, 2004

Report Recommends $36 Billion U.S. Energy Upgrade Program

It’s either “A Bipartisan Strategy to Meet America’s Energy Challenges,” prepared by a group of leading energy experts or a “Blueprint for Tax/Consumer-Funded Boondoggle….funded by left-wing foundations,” depending on whose press release you are reading.

December 9, 2004

Report Recommends $36 Billion U.S. Energy Upgrade Program

It’s either “A Bipartisan Strategy to Meet America’s Energy Challenges,” prepared by a group of leading energy experts or a “Blueprint for Tax/Consumer-Funded Boondoggle….funded by left-wing foundations,” depending on whose press release you are reading.

December 9, 2004

FERC OKs Compressor Upgrades on Transwestern’s Panhandle Lateral

FERC last Monday issued a certificate to Transwestern Pipeline to upgrade existing compressor facilities on its Panhandle Lateral, which runs through parts of New Mexico, Texas and Oklahoma.

November 15, 2004

FERC OKs Compressor Upgrades on Transwestern’s Panhandle Lateral

FERC on Monday issued a certificate to Transwestern Pipeline to upgrade existing compressor facilities on its Panhandle Lateral, which runs through parts of New Mexico, Texas and Oklahoma.

November 9, 2004

FERC OKs Compressor Upgrades on Transwestern’s Panhandle Lateral

FERC on Monday issued a certificate to Transwestern Pipeline to upgrade existing compressor facilities on its Panhandle Lateral, which runs through parts of New Mexico, Texas and Oklahoma.

November 9, 2004

Fitch: Strong Oil, Gas Prices Give Independents Opportunity to Upgrade Ratings

Robust oil and natural gas prices continue to generate significant free cash flow and strong credit protection metrics for upstream companies, providing independent producers the opportunity to focus on long-term balance sheet improvement and potentially achieve ratings upgrades, according to a report issued on Tuesday by Fitch Ratings.

August 16, 2004

Fitch: Strong Oil, Gas Prices Give Independents Opportunity to Upgrade Ratings

Robust oil and natural gas prices continue to generate significant free cash flow and strong credit protection metrics for upstream companies, providing independent producers the opportunity to focus on long-term balance sheet improvement and potentially achieve ratings upgrades, according to a report issued on Tuesday by Fitch Ratings.

August 11, 2004

Industry Briefs

Moody’s Investors Service placed Gas Transmission Northwest Corp.’s (GTN) B2 senior unsecured ratings under review for possible upgrade after the company on Wednesday announced its proposed sale to TransCanada Corp. for $1.5 billion, including assumption of $500 million in debt. TransCanada PipeLines Ltd., which has agreed to acquire GTN from bankrupt National Energy & Gas Transmission Inc., holds an A2 senior unsecured rating. GTN is not in bankruptcy, but the sale will have to be approved by the bankruptcy court and by federal regulators. “NEGT’s bankruptcy proceedings — the court-sanctioned auction process and the approval of the NEGT plan of reorganization — lend uncertainties, including whether another bidder will prevail in the auction, what the final sale price will be, and if and when the requisite approvals will be granted,” Moody’s noted. “The conclusion of the review will depend on the timing of these processes, which are expected to extend into this summer at the earliest.”

February 27, 2004

FERC Lets 11 Firms Off Hook After They Upgrade Price-Reporting Process

FERC last Wednesday said 11 major energy companies, several of which had publicly admitted to supplying false data to published indexes on natural gas trades, have shown to the agency’s satisfaction that they have plugged up the holes in their systems for reporting prices to forestall abuses in the future.

July 28, 2003