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FERC hits BP with $20M manipulation fine; EPA says Atlantic Sunrise might not be needed


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FERC hits BP with $20M manipulation fine; EPA says Atlantic Sunrise might not be needed

FERCupheld a decision that BP plccompanies manipulated natural gas prices in Texas in 2008, and the commissiondirected the oil and gas supermajor to pay civil penalties of nearly $20.2million and disgorge unjust profits of $207,169.

"Therecord shows that BP's trading practices during the investigative period werefraudulent or deceptive, undertaken with the requisite scienter, and carriedout in connection with commission-jurisdictional transactions," FERC ruledin a July 11 order affirming the initialdecision of Administrative Law Judge Carmen Cintron.

TheU.S. EPA said FERC ought to take a closer look at project alternatives for theAtlantic Sunrise pipeline project,even if they threaten the rationale for the project.

TheEPA recommended that FERC consider two system alternatives for further studythat were presented but not fully fleshed out in the commission's draftenvironmental impact statement,saying they would minimize environmental impacts while accomplishing theproject's goal.

FERCstaff gave a passing grade to the 256-mile NEXUS gas transmission project and arelated project in an environmental review but said a little work remains to bedone on sections of the proposed route.

FERCOffice of Energy Projects staff released a July 8 draft environmental impactstatement for the NEXUS gas transmission project and the Texas EasternAppalachian Lease project, or TEAL, proposed by NEXUS Gas Transmission LLC andTexas Eastern Transmission LP.NEXUS is a joint ventureof Spectra Energy Corpand DTE Energy Co.Texas Eastern is a subsidiary of SpectraEnergy Partners LP.

asked FERC to approve within days the Daltonexpansion project in Georgia, hoping to take advantage of idealconstruction conditions.

In aJuly 7 letter to FERC, Transco requested that the commission issueauthorization for the expansion project by July 13, which would allowconstruction during low-flow conditions at a nearby dam.

FERCstaff expects a late September release for its environmental review ofTennessee Gas Pipeline Co.'sSouthwest Louisiana Supplynatural gas project to deliver 295,000 Dth/d to Cameron LNG.

In aJuly 7 notice, the commission said the staff plans to issue the environmentalassessment Sept. 29. Cooperating federal agencies would then have until Dec. 28to complete their own work on the project review.

Anatural gas pipeline company asked FERC to authorize construction and operationof a pipeline and new compressor station that would deliver 133,333 Dth/d ofnatural gas to a proposed 980-MW power plant in Louisiana.

, aBoardwalk Pipelines LPsubsidiary, on July 11 filed an abbreviated application for the St. CharlesParish expansion project. The project would include about 900 feet of16-inch-diameter pipeline, auxiliary facilities and the Montz compressorstation. The 5,000-horsepower compressor station would include gas cooling,yard and station piping, and ancillary facilities.