Chron Energy Items: 02.27.08

A few of the energy related stories in today’s Houston Chronicle or on
Gas prices hit record high: By many measures, this shouldn’t be a record week for oil and gasoline prices. Fuel inventories are at 14-month highs, gasoline demand is down nearly 4 percent from this time last year and the U.S. economy is sluggish. The country is so flush with gasoline it actually exported some to oil-rich Nigeria this month.
Revenue surges, loss narrows for Dynegy: Associated Press — Dynegy says its fourth-quarter loss narrowed, as revenue more than doubled and the power generator recorded a gain on facility sales.
Cheniere puts it all on the table: Cheniere Energy, a Houston-based developer of natural gas import terminals, has received dozens of acquisition offers and will consider selling a plant stake or the entire company to raise cash needed for expansion.
Official estimates $31 billion at stake in oil royalty case: Dow Jones Newswires/AP — A U.S. Interior Department official said today that the government may have a hard time collecting as much as $31 billion in royalty payments for leases issued in the late 1990s unless a court decision that rejected the government’s right to the payments is reversed.
Kinder Morgan pipeline price tag rises by $500 million: Bloomberg News — A group led by Kinder Morgan Energy Partners LP raised the estimated price for a natural-gas pipeline by $500 million, or 11 percent, because of increased construction expenses.
Blackouts roll across Florida in grid glitch: Associated Press — A relatively minor glitch in Florida’s electrical grid somehow triggered a chain reaction Tuesday that caused a nuclear plant to shut down and briefly cut power in patches from Daytona Beach through the Florida Keys.