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Representative Edward J. Markey (D-MA) said Friday he plans to offer an amendment in the next week to strike language from the House version of the energy bill that would give the Federal Energy Regulatory Commission exclusive authority to regulate liquefied natural gas (LNG) import terminals. House Energy and Commerce Committee Chairman Joe Barton announced Friday that he will hold a full committee markup of the bill beginning Tuesday.

Representative Edward J. Markey (D-MA) said Friday he plans to offer an amendment in the next week to strike language from the House version of the energy bill that would give the Federal Energy Regulatory Commission exclusive authority to regulate liquefied natural gas (LNG) import terminals. House Energy and Commerce Committee Chairman Joe Barton announced Friday that he will hold a full committee markup of the bill beginning Tuesday.

ConocoPhillips’ natural gas marketing arm could write the revised version of how to succeed in the energy merchant business. In the past three years, the integrated producer has steadily grown from regional marketer to North American powerhouse, and now the company is positioning itself to become a major player in liquefied natural gas (LNG), a new market that likely will impact energy trading, a company executive said Wednesday.

Calling the proposal a “repackaged” version of one that FERC shot down last year, a group of producers has urged the Commission to reject a bid by Transcontinental Gas Pipe Line to spin off part of its South Texas mainline and lateral facilities to an unaffiliated Texas intrastate pipeline, Dallas-based Crosstex CCNG Transmission Ltd.

Calling the proposal a “repackaged” version of one that FERC shot down last year, a group of producers this week urged the Commission to reject a bid by Transcontinental Gas Pipe Line to spin off part of its South Texas mainline and lateral facilities to an unaffiliated Texas intrastate pipeline, Dallas-based Crosstex CCNG Transmission Ltd.

With heavy pressure from the state’s largest utility, a California Assembly committee Wednesday rejected an eleventh-hour attempt to push an alternative to the pending settlement between Pacific Gas and Electric Co. and state regulators. The Utility Reform Network (TURN) claimed the measure would save retail electric utility consumers $2.8 billion over the next decade, compared with the utility-regulator settlement.

California’s attorney general announced Friday the state has made final an amended version of its previously announced $417 million settlement with Tulsa-based Williams Companies regarding a renegotiated 10-year power contract that is reduced by $1.4 billion in terms of the state’s obligations.

All the economic and political stars would have to be in alignment for even the relatively modest Canadian version of arctic natural gas development to make it into construction, says the senior partner.

Devon Energy Corp. issued an updated version of its hedging transactions, including previous hedged positions and its most recent transactions, going through the rest of 2001 and into 2002.