CPS Energy, which is owned by the City of San Antonio, has completed a prepaid gas supply deal that it claims is the first in Texas where a municipally-owned utility is the sole purchaser in the prepayment transaction. Gas customers of CPS stand to save more than $100 million over the next 20 years because of the prepay deal, CPS said.
Where
Articles from Where
Outlook for Alaska Pipeline Seen as Bleak
BP is “extremely disappointed with where we are at right now in Alaska,” Lee Lunde, senior vice president of BP Canada Energy, said Thursday, commenting on the progress of legislation proposed by the new Alaska governor to spur construction of a natural gas pipeline going south to the Lower 48.
May 11, 2007
LNG Competition to Canada’s Northern Pipeline Continues Growing
Canada’s northern pipeline sponsors did not answer the big question raised by the project’s recent mammoth cost increase, but they earlier disclosed where to look for clues. Can the Mackenzie Gas Project (MGP) be built for its new price tag of C$16.2 billion (US$13.7 billion)?
March 26, 2007
LNG Competition to Canada’s Northern Pipeline Continues Growing
Canada’s northern pipeline sponsors did not answer the big question raised by the project’s recent mammoth cost increase, but they earlier disclosed where to look for clues. Can the Mackenzie Gas Project (MGP) be built for its new price tag of C$16.2 billion (US$13.7 billion)?
March 23, 2007
Independence Hub Sails Toward Deepwater Destination
The Independence Hub production platform has set sail from Corpus Christi, TX, for a five-day trip to the deepwater Gulf of Mexico (GOM), where it will be installed in about 8,000 feet of water — the deepest offshore platform to date. The hub is expected to ramp up in the second half of 2007, with the capacity to increase natural gas production from the GOM by 1 Bcf/d (see Daily GPI, Oct. 23, 2006).
March 9, 2007
Access Issues Said ‘Stuck in Time Warp’
The debate about where producers may or may not drill in the United States “seems to be stuck in a time warp of the 1960s” that fails to take into account the energy industry’s ability to drill with precision and with a minimal environmental footprint, ExxonMobil Corp. CEO Rex Tillerson said Tuesday. “It is time the public debate on access in this country moves forward.”
February 14, 2007
Iowa Utilities Board Rejects Rate Decoupling
In some states where consumers are conserving gas and using more efficient appliances, the reduced gas consumption cuts into the net income of local distribution companies (LDC) and it’s necessary to decouple distribution revenue from throughput or gas consumption to preserve utility revenue.
December 25, 2006
Iowa Utilities Board Rejects Rate Decoupling
In some states where consumers are conserving gas and using more efficient appliances, the reduced gas consumption cuts into the net income of local distribution companies (LDC) and it’s necessary to decouple distribution revenue from throughput or gas consumption to preserve utility revenue.
December 21, 2006
Falcon Files Plans for 50 Bcf MoBay Gas Storage Project
Falcon Gas Storage said its MoBay Storage Hub Inc. subsidiary has filed an application with FERC to develop a new 50 Bcf high deliverability gas storage project in southern Alabama, where it will be connected to the Gulfstream, Transco, Gulf South and Florida Gas Transmission pipelines. The project will add another multi-cycle gas storage field with market-based rates to the Gulf Coast region.
December 14, 2006
Transportation Notes
Wyoming Interstate Co. reported completion of repairs late Thursday afternoon to a segment west of Cheyenne Station where a rupture had occurred on the previous Saturday (see Daily GPI, Nov. 14) and said it was fully available for service again.
November 20, 2006
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