Urges

KeySpan Energy, which has enlisted capacity in Dominion Transmission’s recently proposed Northeast Storage project, last week urged FERC to quickly certificate the proposed 9.4 Bcf of additional market area storage and an added 163,017 Dt/d of winter season firm delivery service (CP04-365). The fact that most of the capacity is already subscribed by LDCs for 10-year terms at maximum rates is evidence of the need for the facility, KeySpan said.

KeySpan Energy, which has enlisted capacity in Dominion Transmission’s recently proposed Northeast Storage project, last week urged FERC to quickly certificate the proposed 9.4 Bcf of additional market area storage and an added 163,017 Dt/d of winter season firm delivery service (CP04-365). The fact that most of the capacity is already subscribed by LDCs for 10-year terms at maximum rates is evidence of the need for the facility, KeySpan said.

The Securities and Exchange Commission (SEC) may require independent auditors to examine energy companies’ proved oil and natural gas reserves in the wake of the major reserve write-downs by Royal Dutch/Shell Group and El Paso Corp. this year, according to an SEC memorandum that was sent to Rep. John Dingell (D-MI) last month.

The Securities and Exchange Commission (SEC) may require independent auditors to examine energy companies’ proved oil and natural gas reserves in the wake of the major reserve write-downs by Royal Dutch/Shell Group and El Paso Corp. this year, according to an SEC memorandum that was sent to Rep. John Dingell (D-MI) last month.

California Gov. Arnold Schwarzenegger last week urged FERC to move forward expeditiously with resolving cases pending at the federal agency related to refunds due to the state from electricity overcharges during California’s electricity crisis in 2000-2001.

FERC Commissioner Joseph Kelliher last week called on California regulators to drop their challenge to FERC’s claim of “exclusive jurisdiction” over the siting and construction of a planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA, saying the state could turn out to be the biggest loser if it continues its effort.

Rep. Doug Ose (R-CA), chairman of the House Government Reform Committee’s subcommittee on energy policy, recommended last Tuesday that FERC and the U.S. Coast Guard develop a “programmatic template” so that companies interested in developing liquefied natural gas (LNG) projects would know exactly what is required of them to achieve agency approval and swift processing. He also supported the concept of the Commission picking the most preferable sites for the location of onshore LNG facilities.

ChevronTexaco CEO Dave O’Reilly said it’s time for the United States to “get real about energy,” and encourage responsible development in remote or inaccessible regions like the Outer Continental Shelf, Alaska and the Rocky Mountain states.

Rep. Doug Ose (R-CA), chairman of the House Government Reform Committee’s subcommittee on energy policy, recommended Tuesday that FERC and the U.S. Coast Guard develop a “programmatic template” so that companies interested in developing liquefied natural gas (LNG) projects would know exactly what is required of them to achieve agency approval and swift processing. He also supported the concept of the Commission picking the most preferable sites for the location of onshore LNG facilities.