LNG
Sempra Energy’s Earnings Plummet
Like California’s other two investor-owned utilities and parent companies, Sempra Energy’s latest earnings also were in the red, not from wildfire liability but from the huge methane leak at subsidiary SoCalGas’ Aliso Canyon storage field. A $1.13 billion settlement that includes most of the plaintiffs resulted in a loss for Sempra of $651 […]
Natural Gas Prices Spike, Solar and Wind Buildout Continues
Meteorologists are forecasting a warmer winter across much of the United States, which often leads to slack demand for natural gas. But this year, increased exports of liquefied natural gas are driving up the price of the fuel, according to Federal Energy Regulatory Commission staff. Global global demand for LNG exports has increased 21% increase compared to last winter.
Fed vehicle rule, FERC reconsideration of LNG, FERC vacancy
Draft clean car and light truck standards by U.S. Environmental Protection Agency and National Highway Traffic Safety Administration would make half of new vehicles sold in 2030 zero-emissions. It also would raise the average fuel economy of new fleets to about 52 mpg-equivalent by 2026, up from the 44 mpg required by […]
FERC Chair is Replaced
In a surprise move the evening of Nov. 5, President Trump replaced Federal Energy Regulatory Commission Chair Neil Chatterjee with James Danly, the newest commissioner. Danly became the third commissioner in March.
Chatterjee, after congratulating his fellow Republican Commissioner, noted his own tenure as chair was marked by the […]
The Buzz
The California Public Utilities Commission vote on Pacific Gas & Electric’s massive reorganization plan gets waylaid by an improper communication.
The CPUC’s proposed decision on the plan, now set for a May 28 vote, approves most but not all of the pending financing to get PG&E out […]
FERC Advances LNG Projects Amid Fall in Demand
Federal regulators May 21 declined to reexamine their approval of the permit for the controversial Jordan Cove liquefied natural gas project in Oregon. The Federal Energy Regulatory Commission also certified an LNG project on Alaska’s North Slope. The approvals come as global demand for the fossil fuel has fallen because of […]