General Interest 2001 P

09/14/2001 -- Report says federal computer flaws put energy infrastructure at risk
Federal computer systems are riddled with weaknesses that continue to put critical operations and assets at risk, including energy infrastructure, according to a General Accounting Office study. One bright spot is the relationship between federal monitors and the electric power industry, the agency said.
09/14/2001 -- Extended congressional session may allow more time for energy legislation
Congress may be forced to extend its legislative calendar, which includes consideration of sweeping comprehensive energy proposals, well into the winter holiday season. Meanwhile, lawmakers eased back into work with a hearing on federal electricity policy by the House Subcommittee on Energy and Air Quality rescheduled for Sept. 20.
09/14/2001 -- Tragic ironies
An apparent coordinated terrorist attack on New York City and Washington, DC, is expected to have reverberating implications on US energy policy.
09/14/2001 -- Terrorist attacks have little real impact on oil market-but the future is a question mark
Terrorist strikes have little near-term effect on oil markets; longer term, a giant question mark looms, but the likelihood is for continued upward price pressure for the duration.
09/13/2001 -- Diesel generators to power New York financial exchanges
The New York Mercantile Exchange and major stock exchanges are arranging for emergency back up power needed to resume operations following the catastrophic losses from Tuesday's attacks on the World Trade Center, sources said.
09/13/2001 -- New York attack delays Montana Power vote tabulation
Montana Power Co. said destruction of the World Trade Center forced the Butte, Mont., power company to postpone a shareholder vote on sale of its natural gas and power distribution assets.The New York firm tabulating the ballots was closed Tuesday, and it isn't clear when they will be able to resume counting votes, Montana Power said.
09/13/2001 -- US urges states, consumers to report unfair gasoline prices
US federal regulators said late Wednesday they are asking motorists to report unfair gasoline prices to a special Department of Energy hotline. Meanwhile on Capitol Hill, lawmakers also are monitoring the gasoline price situation and one said Congress would consider a legislative fix if the problem continued.
09/13/2001 -- Market watch: NYMEX reopens internet trade of energy futures
Directors of the New York Merchantile Exchange said they're making "every possible effort" to reopen trade of all major futures contracts for 2 hours Thursday afternoon through the internet-based version of the NYMEX access system.
09/13/2001 -- Analyst predicts OPEC will boost quotas to keep crude prices stable
Larry Goldstein, president of the Petroleum Industry Research Foundation Inc., expects the Organization of Petroleum Exporting Countries to supply additional crude to the world market immediately. He said OPEC would not wait for markets to tighten before increasing production quotas.
09/13/2001 -- AEP, G.A.S. form turbine manufacturing venture
American Electric Power Co. Inc., Columbus, Ohio, and G.A.S. Capital Inc., Lake Zurich, Ill., reported forming a joint venture to make and market turbine generators for use in cogeneration, remote site, supplemental generation, and backup applications.
09/12/2001 -- Mirant mounts effort to reduce greenhouse gases
Independent energy producer Mirant Corp. said it will spend $50 million over 10 years for research into global warming and ways to combat it. Renewable energy projects in Europe will play an increasing role in Mirant's environmental strategy, the company said.
09/12/2001 -- Physical markets open to keep gas and power flowing
The physical markets for gas and power opened for business until noon Wednesday in the aftermath of Tuesday's devastating attacks on New York City and the Pentagon. With the New York Mercantile Exchange closed, industry worked to insure no disruptions occurred in the flow of natural gas and power to industrial plants, generating facilities, and other consuming facilities.
09/12/2001 -- Washington policymakers postpone markup of energy legislation
Congressional leaders Wednesday said they were postponing most legislative action, although a joint session was expected to issue a resolution condemning the Tuesday terrorist attacks. Postponed until further notice was the Senate Committee on Energy and Natural Resources markup of comprehensive energy legislation.
09/12/2001 -- NYMEX ready to resume trading when cleared for safety
Although it remains closed Wednesday, the New York Mercantile Exchange is operational and ready to resume trading energy futures as soon as city authorities decide it's safe to return to that area near the World Trade Center, the target Tuesday of a terrorist attack.
09/12/2001 -- Finance/Companies news briefs, Sept. 12
Tesoro Petroleum ... Gull Industries ... Petroleos de Venezuela ... Lundin Petroleum ... Abraxas Petroleum ... Grey Wolf Exploration ... Petris Technology ... GeoNet Services ... Ramarro Resources ... Canadian Hunter Exploration ... Atalaya Energy ... West Oil ... and more
09/12/2001 -- European oil markets calmly higher; heavy trading expected on IPE
Crude prices and oil company share prices rose on European markets Wednesday but the investment community is waiting for US military reactions to the terrorist attacks. Analysts said until then, the markets will take that risk into account and firm prices.
09/11/2001 -- Market watch: Energy prices fell Monday; Wall Street faces closure
Both the New York Stock Exchange and the New York Mercantile Exchange were closed Tuesday morning after the bombing of the World Trade Center. It was unclear whether they would be able to reopen later this week. Energy futures prices declined in trading on NYMEX Monday.
09/10/2001 -- Market watch: Energy futures end week with strong rebound
International energy futures prices rebounded Friday with renewed enthusiasm generated by strong demand and diminishing inventories. The October contract for benchmark US light, sweet crudes jumped 45¢ to $28.03/bbl on the New York Mercantile Exchange.
09/08/2001 -- Texas lawmakers order grid operator to release report
With doubts gathering over the future of electricity deregulation in Texas, legislators grilled officials of the Electric Reliability Council of Texas at a public hearing Friday about a possible conflict of interest over a consulting contract and suggested changes need to be made to the ERCOT board. The committee also ordered ERCOT to release reports to retailers.
09/07/2001 -- Edison: Still a 'long way to go' on rescue package
Edison International executives Friday called the California Assembly's approval of a bill that would rescue its financially troubled utility unit from bankruptcy 'another step' in the process. The Assembly and state Senate bills are 'thematically similar,' said Ted Craver, chief financial officer of the Edison International, parent of Southern California Edison Co., but 'we still have a long way to go.'

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General Interest 2001 P