Oil and Natural Gas
Targa signs deal to construct pipeline in Delaware Basin
Targa Resources Corp. signed an agreement for natural gas gathering and processing services in the Delaware Basin. As part of the deal, Targa will construct approximately 220 miles of 12- to 24-inch-high pressure rich gas gathering pipelines across parts of the Delaware Basin. A new plant in the ... Read More »Florida Public Service Commission approves settlement agreement in Florida City Gas rate case
The Florida Public Service Commission (PSC) approved Monday a negotiated Settlement Agreement in the pending rate case for Florida City Gas (FCG). The settlement includes an annual revenue increase of $11.5 million, down from the $15.8 million FCG requested in its original October 23, 2017, petit... Read More »Senators introduce bill to support carbon capture research and development
U.S. Sens. John Barrasso (R-WY) and Sheldon Whitehouse (D-RI) recently introduced legislation to promote carbon utilization and direct air capture research and development. The Utilizing Significant Emissions with Innovative Technologies (USE IT) Act would also support federal, state and non-gove... Read More »TransCanada expects no material impact from FERC’s proposed tax actions
TransCanada Corporation recently said that it does not expect any material impact from changes to the treatment of income taxes for ratemaking purposes recently proposed by the Federal Energy Regulatory Commission (FERC). FERC’s recently revised policy statement would disallow master limited pa... Read More »Piedmont Natural Gas files rate decrease request that would save customers money in North Carolina
A rate reduction request from Piedmont Natural Gas has been filed with the North Carolina Utilities Commission, and if approved, could see average residential customers’ monthly bills drop by about $2.51. Reductions would be engaged in several areas, though. While residential bills would decrea... Read More »Electricity from fossil fuels down, renewable up in 2017
The Energy Information Administration (EIA) reports electricity generated from fossil fuels decreased last year while generation from renewable sources rose. The EIA’s Electric Power Monthly, referenced electricity generation fell 1.5 percent in 2017 while natural gas and coal generation fell b... Read More »Rick Perry