Despite the vociferous opposition to a FERC decision on the merger of Exelon Corp. and Public Service Enterprise Group (PSEG) without a hearing, analyst Christine Tezak of the Stanford Washington Research Group still predicts there’s a 75% chance that is exactly what will happen, “possibly by the end of June.”
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IPAA Says Domestic Supply Struggle Should Continue
U.S. natural gas production and the nation’s vociferous demand could make it a little more dependent on imported gas if a recent long term forecast by a committee of the Independent Petroleum Association of America (IPAA) holds up. Natural gas demand is expected to increase to 30.7 Tcf by 2015, while U.S. production is only expected to get up to 24.8 Tcf over the same time period.
CA Gets 2nd Merchant Storage Project, 3rd on the Way
Setting aside vociferous local opposition from nearby propertyowners and a proposed denial from one of its administrative lawjudges (ALJ), the California Public Utilities Commission Thursdaygave the go-ahead to a proposed $80 million underground natural gasstorage field near Lodi in Northern California.