While voicing continuing support for the state’s electricity recovery plan and the specific deal to sell San Diego’s utility transmission assets, Sempra Energy’s CEO last Thursday advocated more political reality and attention to expanding U.S. natural gas infrastructure in outlining his current views on California’s electricity crisis to business leaders attending a joint forecast of the economic impact from the power woes by UCLA’s Anderson School of Business and Cambridge Energy Research Associates (CERA).
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Apache, Shell Bid for Properties Rejected
The Commerce Commission of New Zealand, voicing concern that onecompany would control the country’s natural gas markets, onThursday rejected the takeover by Royal Dutch/Shell Group andApache Corp. of Fletcher Challenge Energy, the country’s largestenergy exploration company. For the moment anyway, a rejected bidwould end Houston-based Apache’s attempt to increase its Canadianholdings.
Energy Council Against Fuel Mix Mandates; Favors LNG
The Energy Council has unanimously adopted a policy statementvoicing strident opposition to congressional restructuring measuresthat would mandate states to use a specific fuel mix in thegeneration of electric power. It also said it was against federallymandated targets for states to supply power from renewable energysources.