LOS ANGELES (AP) — A natural gas well blowout last year that crippled a major energy supply for Southern California could lead to blackouts in the region over as many as 14 days this summer, energy officials said Tuesday. State agencies that studied the impact of the partial shutdown of the Aliso Canyon gas storage field proposed an action plan to prevent power outages but concluded they “will reduce, but not eliminate, the risk of gas shortages this summer that are large enough to cause electricity interruptions for the region’s residents and businesses.” The report […]
Wholesale natural gas and power prices in the Northeast United States remained relatively low this winter, absent the large spikes that have occurred during recent winters. A combination of increased deliveries of liquefied natural gas (LNG) into the region, a fuel adequacy winter reliability program, and the warmest winter on record helped to keep prices low and stable. Day-ahead peak period electricity prices at the Massachusetts Hub peaked at $66 per megawatt hour (MWh) this winter, down from peaks of $211/MWh during the previous winter (2014-15) and $438/MWh the winter before that (2013-14). Prices in […]
LOS ANGELES (AP) — A blowout at a natural gas well that spewed massive amounts of climate-changing methane for nearly four months and drove thousands of Los Angeles families from their homes has been permanently sealed, state officials declared Thursday. The announcement certifying that the ruptured well had been plugged with cement brought a point of closure in the long-running drama that has disrupted life in the Porter Ranch community and drawn attention to a massive underground storage facility owned by Southern California Gas Co. Testing showed the well was no longer leaking, Jason Marshall, […]
It is near impossible to find a better representative speaking for the underground construction industry than Cliff Meidl, a kayaker whose heroic triumph over adversity brought him such acclaim that he was nominated to lead Team USA at the Opening Ceremony of the 2000 Sydney Olympic Games. Meidl is a man literally on his third or fourth life. Once you read his remarkable story, decide for yourself what still keeps this 50-year-old Californian ticking. We return to 1986 when Meidl suffered near-fatal injuries in a trenching accident. P&GJ: Cliff, how were you hurt? Meidl: […]
Dominion Resources Inc., the power utility based in Richmond, VA, is the latest U.S. utility to expand its operations, reaching out west by offering to buy the gas company Questar Corp. of Salt Lake City, for about $4.4 billion in cash. Dominion announced the offer on Monday, the same day it reported a 15% decline in operating profit during the fourth quarter of 2015, due primarily to weaker demand for gas because of a mild autumn in its current operating locale on the U.S. East Coast. Eventually, though, Dominion says it believes the value of […]
“An Industry in Transition: Where There is Oil & Gas There Will Be Pipelines” was presented Monday night by Pipeline & Gas Journal Editor Jeff Share to members of the Pipelines Association Association. Is this a crazy world or what? Would anyone disagree that it takes a strong stomach and nerves of steel to be in the oil and gas industry today? This has always been an unpredictable business, never more so than now. All that’s ever been predictable is that we know that we’re going to have up-and-down cycles but now they happen more frequently and with […]
Natural gas and electric utility CenterPoint Energy said on Monday it will consider “strategic options” for its pipeline company, Enable Midstream Partners, including a spinoff or sale. “We believe that now is the right time to explore options for unlocking the value of our strategic investment, reflecting our continuous commitment to drive value for shareholders,” said Scott M. Prochazka, president and CEO of CenterPoint. The decision follows at $363 million investment on Friday by CenterPoint in Enables preferred securities. CenterPoint owns a 50% general partnership interest and 55.4% limited partnership interest in Enable, a publicly […]
The federal Maritime Administration and U.S. Coast Guard issued a 4,242 page final Environmental Impact Statement (EIS) for the proposed Port Ambrose Project deepwater port. The EIS confirms that the project is needed, the location is safe, and that impacts to the environment are minimal. According to developer Liberty Natural Gas, the project is designed to deliver natural gas to the New York and New Jersey regional market during times of peak demand, primarily in the winter heating season. Liberty’s sponsors, West Face Capital (WFC), intend to invest $600 million of private equity into Port […]
Warmer temperatures and lower energy prices have contributed to a reduction in EIA’s current forecast average heating expenditures this winter compared with the forecast in the October 2015 Winter Fuels Outlook. Each October, EIA produces a Winter Fuels Outlook that projects heating fuel expenditures for the coming winter (October through March) based on EIA’s forecast of fuel prices and the National Oceanic and Atmospheric Administration’s forecast for temperatures (as measured by heating degree days). As discussed in the October 2015 Winter Fuels Outlook, the winter of 2015-16 was expected to have lower expenditures than the […]
SAN JOSE, Calif. (AP) — Security researcher Brian Wallace was on the trail of hackers who had snatched a California university’s housing files when he stumbled into a larger nightmare: Cyber-attackers had opened a pathway into the networks running the United States power grid.
Leading a natural gas distribution company is always a challenge because there are few businesses that deal so directly with their customer base, be it residential, commercial or industrial, as well as safety regulators, equipment and service providers, not to mention the city council or utility board that approves rates.
CHARLOTTE, N.C. (AP) — Duke Energy will spend about $4.9 billion in cash to acquire Piedmont Natural Gas, adding about a million new customers in the Carolinas and Tennessee.
The Charlotte, North Carolina, companies are key partners in the Atlantic Coast Pipeline that will be the first major natural gas pipeline to serve the eastern part of the state.
Piedmont shareholders will receive $60 in cash for each share of common stock. That’s a 42% premium to Friday’s closing price. Duke Energy Corp. will also assume about $1.8 billion in Piedmont debt.