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Latest Federal Energy Regulatory Commission Stories

2012-07-31 14:20:52

WASHINGTON, July 31, 2012 /PRNewswire/ -- More companies are self-reporting possible inappropriate behavior by traders to the U.S. Federal Energy Regulatory Commission (FERC) because of the agency's increased focus on preventing manipulation of the electricity and natural gas markets, FERC Chairman Jon Wellinghoff said Tuesday at a Platts Energy Podium. Speaking to reporters at the Washington, D.C., event, Wellinghoff said the activities of FERC's new analytics and surveillance...

2012-06-29 06:22:23

HOUSTON, June 29, 2012 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today received approval from the Federal Energy Regulatory Commission (FERC) to proceed with construction on the New Jersey-New York Expansion Project, a 20-mile expansion of the Company's Texas Eastern Transmission and Algonquin Gas Transmission interstate pipeline systems. Once completed, the New Jersey-New York Expansion Project will provide an additional 800 million cubic feet per day of natural gas capacity into the...

2012-06-21 10:21:53

SAN DIEGO, June 21, 2012 /PRNewswire/ -- Sempra Energy today announced that Carlos Ruiz has been named chairman and CEO of the company's Mexican operating subsidiary, Sempra Mexico. Ruiz served on Sempra Energy's corporate board of directors from 2007 until earlier this week. In his newly created position, Ruiz will be responsible for management of all of Sempra Energy's Mexican operations. Sempra Mexico is a wholly owned subsidiary and part of Sempra International, one of Sempra Energy's...

2012-06-12 06:27:02

SAN DIEGO, June 12, 2012 /PRNewswire/ -- The board of directors of Sempra Energy (NYSE:SRE) today declared a quarterly dividend of 60 cents per share of common stock. The current dividend is payable July 15, 2012, to shareholders of record on June 27, 2012. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2011 revenues of $10 billion. The Sempra Energy companies' 17,500 employees serve more than 31 million consumers worldwide. This press...

2012-06-12 02:22:01

HOUSTON, June 12, 2012 /PRNewswire/ -- Cheniere Energy, Inc. ("CEI") (NYSE Amex: LNG) announced today that it has purchased $167 million Class B units ("Class B Units") from Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP). A portion of the proceeds from the sale were used by Sabine Pass Liquefaction, LLC, a wholly owned subsidiary of Cheniere Partners, to issue a Limited Notice to Proceed to Bechtel Oil, Gas and Chemicals, Inc. ("Bechtel") under the engineering,...

2012-06-11 10:22:31

CARMEL, Ind., June 11, 2012 /PRNewswire/ -- The Federal Energy Regulatory Commission (FERC) today conditionally approved MISO's enhanced resource adequacy proposal, which will provide even greater market and reliability benefits to MISO's members and the customers they serve. The enhanced mechanisms become effective October 1, 2012, for the Planning Year that begins on June 1, 2013. MISO and its stakeholders developed modifications to MISO's resource adequacy mechanisms during a year-long...

2012-06-11 02:21:13

CHARLOTTE, N.C. and RALEIGH, N.C., June 11, 2012 /PRNewswire/ -- Duke Energy (NYSE: DUK) and Progress Energy (NYSE: PGN) consider the June 8 conditional orders by the Federal Energy Regulatory Commission (FERC) to be a positive development in enabling the companies to close their proposed merger by the targeted date of July 1. (Logo: http://photos.prnewswire.com/prnh/20040414/DUKEENERGYLOGO)(Logo: http://photos.prnewswire.com/prnh/20110110/PROGRESSENERGYLOGO) The companies have...

2012-05-22 06:21:43

HOUSTON, May 22, 2012 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) yesterday received approval from the Federal Energy Regulatory Commission (FERC) for its New Jersey-New York Expansion Project, which will transport new, critically needed natural gas supplies to high demand markets in northern New Jersey and New York City. (Logo: http://photos.prnewswire.com/prnh/20061030/CLM051LOGO ) The 20-mile expansion of the Company's Texas Eastern Transmission and Algonquin Gas Transmission...

2012-05-17 10:22:19

WASHINGTON, May 17, 2012 /PRNewswire-USNewswire/ -- The Coalition for Fair Transmission Policy today expressed concern with the Federal Energy Regulatory Commission's decision to deny rehearing of Order 1000 on transmission planning and cost allocation. "Despite the more than 60 requests for rehearing of Order 1000, FERC has apparently made few changes to its unprecedented regulatory effort to reset the rules for the nation's electricity grid. The coalition remains concerned that Order 1000...

2012-05-15 02:23:48

THE WOODLANDS, Texas, May 15, 2012 /PRNewswire/ -- Excelerate Energy® L.P. is moving forward with the development of the first floating liquefaction facility in the United States utilizing its Floating Liquefaction Storage Offloading vessel (FLSO(TM)) technology. The Lavaca Bay LNG project will be located in Port Lavaca, situated between Galveston and Corpus Christi on the Texas Gulf Coast, and will be designed to export liquefied natural gas (LNG) to markets worldwide by 2017....