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General Interest 2000 P

  • 11/22/2000 -- Research firm: Canadian reserves may not fill US demand gap
    A study by Canadian Energy Research Institute, Calgary, suggests that reliance on Canadian reserves to fill the US gas demand gap may be misplaced. It said Western Canada reserves are not what they were and East Coast fields are not yet developed enough to fill the US' forecast gas needs.
  • 11/22/2000 -- Market watch, Nov. 22
    Jitters over available natural gas supplies in the western US and the high cash market for that fuel in southern California pushed gas futures prices to a record Tuesday on the New York Mercantile Exchange. The December gas contract hit $6.51/Mcf on the NYMEX before closing at $6.41/Mcf, up 15.9� from the previous day.
  • 11/21/2000 -- Electric Power news briefs, November 21
    NiSource Inc. ... Columbia Energy Group Inc. ... Green Mountain Energy Co. ... USPowerSolutions ... Dominion Resources Inc. ... FirstEnergy Corp. ... GPU Inc. ... Entergy Corp. ... New York Power Authority ... FuelCell Energy Inc. ... Sierra Pacific Resources ... Portland General Electric Co. ... Enersis ... Chilectra Compania ... Electrica del Rio Maipo
  • 11/21/2000 -- Pennsylvania PUC sets conditions on Gas Works rate hike
    The Pennsylvania Public Utility Commission (PUC) Tuesday approved a $108 million rate increase by Philadelphia Gas Works (PGW), while sharply criticizing the city-owned utility for failing to correct long-standing financial and managerial problems. The nation's largest municipally owned gas utility had requested an increase of $224 million. The state legislature placed PGW under the PUC�s jurisdiction July 1.
  • 11/21/2000 -- Market watch, Nov. 21
    Continued forecasts for below-normal temperatures in the US Northeast and Midwest the rest of the week triggered rallies in energy futures prices on the New York Mercantile Exchange Monday. Analysts said prices were set to rise again due to a forthcoming American Petroleum Institute storage report and rising tensions in the Middle East.
    An energy meeting this month in Riyadh, Saudi Arabia, flushed an idea out of Europe's bureaucratic bushes that should chill the oil and gas industry.
  • 11/20/2000 -- Dynegy, NRG Energy sign deal with Sierra Pacific
    NRG Energy Inc. and Dynegy Inc. reported plans Monday to acquire 1,330 Mw from Sierra Pacific Resources in a deal worth $634 million that will expand their co-owned power generation portfolio. The assets, which serve the Las Vegas, Nev., market include the 740 Mw gas-fired Clark generating station and 590 Mw of the 605 Mw, coal-fired Reid Gardner generation station.
  • 11/20/2000 -- Lawsuit challenges New York law restricting emissions trade
    A group of electricity producers and mining companies has filed suit in US District Court in Albany, NY, challenging a state law that restricts the sale of New York air emissions credits. New York passed a law in May penalizing the seller of federally granted sulfur dioxide air emission allowances, if the buyer is in 14 so-called 'upwind' states. If the allowances are used to offset emissions from power plants in those states, then the company that originated the allowance can be fined.
  • 11/20/2000 -- Oil producers, consumers divided on supply and price
    UK Energy Minister Helen Liddell yesterday joined the number of Western politicians calling for further production increases from oil-producing nations including the Organization of Petroleum Exporting Countries, as OPEC itself retrenched its option to cut output in anticipation of a spring supply glut.
  • 11/20/2000 -- Issues & Analysis: High gas prices revive prospects for coal
    An over-the-counter market for coal is developing as buyers and sellers hedge their fuel risks. Meanwhile, high gas prices have companies talking about building coal-fired electric generation. The economics may look attractive, but the major stumbling block continues to be the risk associated with permitting the plants. OGJ Online Power Editor Kate Thomas talks with major market players about their plans.
  • 11/20/2000 -- Issues & Analysis: Deregulation of the electricity industry stalling
    Deregulation of the electricity industry is stalling across the country in the aftermath of problems in the California market. Some state legislators are moving to delay decontrol and some are trying to repeal deregulation legislation. OGJ Online Senior Power Writer Ann de Rouffignac interviewed legislators and public utility commission staff in several states that are having second thoughts about electricity decontrol.
  • 11/20/2000 -- Market watch, Nov. 20
    Winter weather continued pushing up oil futures prices, despite talk among OPEC members over the weekend of possible production cuts early next year because of a saturated world market. The December contract for benchmark US light, sweet crude gained 33� to $35.45/bbl on the New York Mercantile Exchange.
  • 11/17/2000 -- Commerce to appeal oil dumping case
    The US Commerce Department has appealed a court order that it reconsider a case alleging four nations dumped crude on the US market in 1998-99. The petition had been filed by Save Domestic Oil, representing independent producers.
  • 11/17/2000 -- TECO to build syngas merchant power plant
    Seeking to diversify fuel serving its merchant power plants, TECO Power Services Corp. is planning to build a syngas-fired combined cycle power plant at CITGO Petroleum Corp.�s Lake Charles, La., refinery. TECO is in preliminary discussions with CITGO to construct a 840 Mw power plant that will produce power for the grid, steam and hydrogen for the refinery, and use petroleum coke as the syngas fuel feedstock. TECO says the plant will be the first US merchant power plant to use syngas.
  • 11/17/2000 -- Study says greenhouse measures wouldn't harm US economy
    Energy-efficient strategies could help bring the US into compliance with the Kyoto Protocol without harming the domestic economy, according to a 2-year study by the Department of Energy. The protocol proposed that the US reduce its greenhouse emissions 7% below 1990 levels by 2010. The US Senate has not confirmed that treaty.
  • 11/17/2000 -- Market watch, Nov. 17
    Energy futures prices closed generally lower in trading on the New York Mercantile Exchange Thursday. Short-term traders sold during the session to lock in profits after the market's rise during the last couple of sessions. Many analysts, however, believed the sentiment behind the scenes remained bullish.
    In a welcome display of foresight, the Organization of Petroleum Exporting Countries refused this month to approve another increase in production of crude oil. And some of its members drew a misguided rebuke from the US secretary of energy for suggesting that production cuts might be in order next year.
  • 11/17/2000 -- The new Congress
    Although it will be closely divided, the next US Congress won't be paralyzed to the degree that some observers think.
  • 11/16/2000 -- Dominion resolves alleged air violations with EPA
    Dominion Virginia Power, a unit of Dominion, will pay a $5.3 million civil penalty and the utility will begin making system-wide major reductions in its NOx emissions by 2004. The program to reduce emissions from the entire utility will cost $1.2 billion and be spread over 12 years. The air emissions reduction program agreed by Dominion and EPA removes the uncertainty about compliance with the provisions of the Clean Air Act.
  • 11/16/2000 -- BP to cut emissions by building new cogeneration facilities
    BP is negotiating with Cinergy and Power Solutions Co. to build gas-fired power and steam cogeneration facilities at its Texas City and Chocolate Bayou, Tex., refining and chemical plants. The facilities are part of a plan to reduce nitrogen oxide emissions from those plants. BP Global Power, the power development arm of BP Gas and Power, will be among the investors in the project.

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