Electric Power news briefs, December 14


UtiliCorp United Inc. said the Arkansas Public Service Commission adopted a Dec. 4 order by the Commission's administrative law judge which recommended against UtiliCorp's proposed merger with the Empire District Electric Co. Separately, the Oklahoma Public Service Commission issued an order approving the merger. Consummation of the merger is also subject to approval by commissions in Kansas and Missouri.

Sempra Energy said it completed a public offering and sale of $300 million of its 6.95% notes, due in 2005. The company intends to use the net proceeds from the sale of the notes to reduce short-term debt. The notes were sold through an underwriting group led by Salomon Smith Barney. Credit Suisse First Boston, Goldman, Sachs & Co., and Morgan Stanley Dean Witter served as co-managers.

Reliant Services LLC, jointly and equally owned by subsidiaries of Vectren Corp. and Cinergy Corp., reporting completing the purchase of Miller Pipeline Corp., Indianapolis, from NiSource Inc. for about $68.3 million. Reliant, in conjunction with Miller Pipeline, will expand its utility services business by adding underground pipeline construction, replacement, and repair to its current services of underground facility locating, contract meter reading, and installation of telecommunications and electric facilities.

NRG South Central Generating LLC reported it commenced an exchange offer for all of its outstanding 8.962% Series A Senior Secured Bonds due 2016 and 9.479% Series B Senior Secured Bonds due 2024 for 8.962% Series A-1 Senior Secured Bonds due 2016 and 9.479% Series B-1 Senior Secured Bonds due 2024.. The exchange offer will expire on Jan. 12, 2001, unless extended by NRG South Central. NRG South Central LLC owns, through its wholly owned subsidiary, Louisiana Generating LLC, electric power generation facilities in New Roads, La.

Atlanta Gas Light Co. said it will implement a seasonal rate plan which natural gas marketers will roll out during the February 2001 billing cycle. For customers, the new rates will result in higher base charges in the winter and lower base charges in the summer. Interstate pipeline transportation charges and the commodity cost of natural gas will not be affected by the new rate design, the company said. To ease the transition to this seasonal base rate, residential customer will receive a refund of $14/month from the Universal Service Fund in February and March, 2001. In addition, senior citizens will receive a refund of $10 for January.

Abu Dhabi Gas Co.(Atheer) said it plans to reach total gas processing capacity of 3 bcf/day in 2001. It will also be responsible for the supply of gas to Dubai, through a 48-in. diameter, 112 km pipeline, the first time such supplies will be made, according to the OPECNA news agency. Atheer's principal objective is development of natural gas resources in Abu Dhabi to secure additional supplies and meet future domestic demand.

Norway's Statnett and Norsk Hydro reported an agreement under which Statnett will purchase a substantial part of Hydro's Norwegian power lines and transmission system Jan.1, 2001 in Sogn, Fjordane, and Rogaland counties. In total, the agreement covers over 400 km of power lines and a number of junctions on the grid, as well as transformer stations and coupling stations. Norsk Hydro said it will book a pretax gain from the sale of around 180 million kroner (22.2 million euros) in the first quarter of 2001.

American Electric Power Co.Inc. said it received authorization from the Nuclear Regulatory Commission (NRC) to restart the 1,020 Mw Cook nuclear plant Unit 1 in Bridgman, Mich. The NRC�s restart authorization allows AEP to proceed with reactor operation. The authorization make it possible Unit 1 could restart and reach full power before the end of the year. Units 1 and 2 were idled in September 1997 because of questions raised about operability of safety systems.

The Michigan Public Service Commission staff is inviting comment from natural gas suppliers, marketers, and other stakeholders regarding further unbundling the rates and services of Michigan's local natural gas distribution companies. In an October 13, 2000 order, the commission gave the staff 1 year to determine what additional services should be unbundled and to outline the scope and the duration for such services. The initial deadline for comments is Jan. 15, 2001.

Duke Energy Field Services (DEFS), a unit of Duke Energy Corp., reported completion of the Roggen natural gas processing plant expansion northeast of Denver, Colo., more than doubling its processing capacity to 58 MMcfd. The company said the Denver-Jules Basin has been a tremendous growth area for DEFS with plant inlet volumes increasing from 160 MMcfd 1 year ago to more than 186 MMcfd today. Natural gas liquid (NGL) production has also increased from 12,600 b/d to more than 14,600b/d.

Related Articles

FourPoint Energy to acquire Anadarko basin assets from Chesapeake

07/02/2015 FourPoint Energy LLC, a privately owned Denver company, plans to acquire oil and gas assets from Chesapeake Energy Corp. subsidiaries Chesapeake Ex...

Puma Energy completes purchase of Murco’s UK refinery, terminals

07/02/2015 Singapore-based Puma Energy Group Pte. has completed its purchase of UK midstream and downstream assets from Murco Petroleum Ltd., a subsidiary of ...

BP to settle federal, state Deepwater Horizon claims for $18.7 billion

07/02/2015 BP Exploration & Production Inc. has agreed in principle to settle all federal and state claims arising from the 2010 Deepwater Horizon inciden...

Shell Midstream Partners takes interest in Poseidon oil pipeline

07/01/2015 Shell Midstream Partners LP has completed its acquisition of 36% equity interest in Poseidon Oil Pipeline Co. LLC from Equilon Enterprises LLC, a s...

SIBUR plans MTBE expansion at Togliattikauchuk

07/01/2015 Russian conglomerate OAO SIBUR Holding, Moscow, has started preparatory work for a project designed to expand production capacity for methyl tertia...

OxyChem-Mexichem JV lets contract for ethylene storage

06/30/2015 Ingleside Ethylene LLC, a 50-50 joint venture of Occidental Chemical Corp. (OxyChem) and Mexichem SAB de CV (Mexichem), has let a contract to CB&am...

Forum extends study of subsea integrity

06/30/2015

Work by an industry forum called SURF IM Network, which studies oil and gas subsea integrity management, has been extended by 3 years.

Survey begins of collaboration on the UKCS

06/30/2015

Deloitte has begun a survey about collaboration in the oil and gas producing industry of the UK Continental Shelf.

Court rejects BP, Anadarko Macondo appeals

06/30/2015 BP PLC and Anadarko Petroleum Corp. have lost separate appeals to the US Supreme Court to overturn a lower-court decision expanding their financial...
White Papers

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by
Available Webcasts


The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

register:WEBCAST


Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected