Monthly Archives: June 2007

Spectra goes MLP-ing

Spectra Energy (NYSE: SE), the pipeline business that was part of Duke Energy until earlier this year, held the initial public offering for a new partnership today to some pretty decent results. Shares of Spectra Energy Partners (NYSE: SEP), a master limited partnership, was priced at $22 per share and closed the day at $28.65 […]  More »

John Arnold tells it like it is

The Senate’s Permanent Committee on Investigations is having a hearing today, to be continued July 9, on the role of speculators in natural gas markets. It’s based on the report the committee did looking into the collapse of hedge fund Amaranth last year. Among those expected to testify are Houston’s own Vince Kaminski, a former […]  More »

USA vs. Citgo

After nearly six weeks in court, a federal criminal air pollution case against Citgo Petroleum Corp. could be decided as early as today. And many in the U.S. refining industry are likely to be tuned in for the results. That’s because the case is considered an important test of the Clean Air Act, with precedent-setting […]  More »

Houston's 100 top paid executives: database online

We published our annual survey of Houston’s top paid executives Sunday, which shows the average pay package in 2006 for the top 100 was down about 10 percent from 2005 but still a hefty $6.2 million. This year for the first time we’ve given readers access to the full list of some 500 executives, culled […]  More »

ERCOT: Electricity A-OK for this summer

Texas’ power supplies won’t dip below dangerous levels this summer or next according to peak demand projections by the grid operator for most of the state. The 2007 peak demand forecast is 63,794 megawatts, according to the Electric Reliability Council of Texas (ERCOT), a 2.3 percent increase from last year’s peak demand, 62,339 mw. Another […]  More »

Alaskan pipeline turns 30 today

Thirty years ago today the Alaskan oil pipeline, run by consortium knowns as Alyeska, began operating. Here’s a Fairbanks Daily News-Miner editorial on the day the oil started flowing. The Anchorage Daily News ran this editorial today. The Trans-Alaska Pipeline can be seen for many miles along the Richardson Highway. Given the amount of royalty […]  More »

BP's Tony Hayward on climate change initiatives

A conversation with the head of BP is incomplete without discussion of climate change initiatives, and the Chronicle’s chat with new CEO Tony Hayward this week was no different. Six weeks into his new job, Hayward says the company’s commitment to investing in alternative and renewable fuels in addition to finding oil and gas is […]  More »

The Yes Men strike again

While I’m sure this was embarrassing for the organizers and more than a little annoying for ExxonMobil, this incident at an oil and gas conference in Calgary is a bit funny. The group behind the prank, the Yes Men, are combination performance artists and activists who show up at corporate events pretending to be industry […]  More »

More on carbon capture and storage

As with any energy topic, there’s much more to be said than can fit in a 25-inch newspaper story. That was the case with the story we ran Saturday on carbon sequestration at a site in nearby Dayton, Tex. Sue Hovorka shows how carbon sequestration works on a model. Note the reporter’s pen in the […]  More »

Texas No. 11 for energy efficiency, No. 1 for CO2 emissions

The home of Big Oil doesn’t do as badly as one might expect when it comes to energy efficiency, according to a report released today by the American Council for an Energy-Efficient Economy. Past versions of the ACEEE Scorecard ranked states on utility-sector energy efficiency spending only. This year the report expands the criteria to […]  More »

King and Turner ask the PUC to do what the leg. could not

In the wake of the Texas Legislature’s failure to pass a much-watched bill on electricity markets, Rep. Phil King, R-Weatherford and Rep. Sylvester Turner, D-Houston, have asked the Texas Public Utility Commission to get the job done instead. As we wrote here and R.G. Ratcliffe wrote here a bill that, among other things, would have […]  More »

Power markets just want to be free!

A cadre of former energy regulators have issued a letter to state and national policy makers urging them to keep pushing forward in deregulating electricity markets throughout the country. This includes current Reliant Energy Executive Vice President Jerry Langdon and former Texas Public Utility Commission/Federal Energy Regulatory Commission head Pat Wood. Pat Wood is everywhere. […]  More »