US Justice Department targets Calif. cap-and-trade agreement with Quebec
The U.S. Department of Justice is taking aim at a California cap-and-trade program designed to curb planet-warming carbon dioxide emissions, arguing the scheme is unconstitutional because it is linked to a similar program administered by the Canadian province of Quebec.
Trump singles out Cuomo's pipeline resistance in Pittsburgh shale gas speech
President Donald Trump singled out New York and its governor, Democrat Andrew Cuomo, for his opposition to new natural gas pipelines in the state during Trump's speech at an industry conference in Pittsburgh on Oct. 23.
Deloitte report shows need for 'Goldilocks' approach to shale drilling
U.S. oil and gas producers could achieve greater efficiencies and billions of dollars in cost savings by moving away from a one-size-fits-all approach to well creation, Deloitte said in a report released Oct. 23.
Trump announces plan to nominate director for agency overseeing mine reclamation
U.S. President Donald Trump announced his intent to nominate a new director of the Office of Surface Mining Reclamation and Enforcement.
"In some parts of the world gas has become coal, maybe quicker than coal became coal," Mark Voccola, senior managing director at Ardian's infrastructure group, said at the S&P Global Platts Financing U.S. Power Conference.
* New York has finalized contracts for the 816-MW Empire Wind project and the 880-MW Sunrise Wind Offshore Farm.
* European utilities are facing billions of losses from running coal-fired power plants this year as a surge in carbon prices and a global gas glut make running the assets uneconomic compared with renewables and gas plants, according to a report.
* After warning 209,000 California customers that it might have to shut off their electricity starting Oct. 23 to prevent utility lines from igniting wildfires, Pacific Gas and Electric Co. began cutting service to thousands beginning shortly after 5 p.m. ET.
* The White House will reportedly soon take the first procedural step toward pulling the U.S. out of the Paris Agreement on climate change, potentially placing the nation on course to exit the deal a day after the 2020 presidential election.
* Distributed Solar Development LLC closed a $250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank to finance a portfolio of distributed generation projects through 2020. The company is backed by BlackRock Real Assets' Global Renewable Power platform and GE Renewable Energy.
* Lockheed Martin Corp. agreed to sell its energy unit's distributed energy solutions business to TRC Cos. as part of its strategy to focus on products and technology for the energy marketplace and the Department of Defense.
* Municipal Electric Authority of Georgia subpoenaed
* Amazon.com Inc. announced three new renewable energy projects in the U.S. and the U.K. to help it reach its goal of 80% renewable energy by 2024 and becoming completely carbon neutral by 2040.
* State Grid Corporation of China is working with banks for a $2 billion loan to fund its acquisition of Sempra Energy's electricity distribution assets in Chile, Bloomberg News reported, citing people familiar with the matter.
* Three executives have left the Alberta Energy Regulator a month after investigations concluded that former CEO Jim Ellis "had grossly mismanaged funds in establishing and supporting the operations of ICORE," the Calgary Herald reported.
* A proposal to expand a Kinder Morgan Inc.-operated natural gas pipeline system cleared
* The greatest upcoming risk to energy infrastructure in the U.S. is likely to be increased polarization at the U.S. Federal Energy Regulatory Commission, the head of an energy-focused advisory firm said at a gas industry conference.
* ExxonMobil Alaska Production Inc. signed a heads of agreement regarding the potential supply of natural gas from the Point Thomson field to Qilak LNG Inc.'s proposed Alaska North Slope liquefied natural gas export project.
* The North Dakota Industrial Commission has approved a $300,000 natural gas study, The Associated Press reported. Separately, the commission plans to hold a hearing in November to consider comments on natural gas capture strategy and regulatory clarity needed around gas gathering agreements.
* The Regulatory Commission of Alaska has received few comments so far on BP PLC's pending sale of its entire Alaska business to a Hilcorp Energy Co. affiliate for $5.6 billion, according to the Anchorage Daily News. The regulator will accept comments until 5 p.m. on Oct. 25.
* U.S. and European companies operating within emissions-sensitive industries are getting better at disclosing their risks from climate change but are slow to report potential financial impacts as recommended by the Financial Stability Board's Task Force on Climate-Related Financial Disclosures, a Moody's study found.
* The U.S. Energy Information Administration reported that U.S. crude oil and petroleum stockpiles headed lower in the week to Oct. 18.
* Norfolk Southern Corp. saw a 13% year-over-year decline in its third-quarter coal revenue due to competition from natural gas as well as low international pricing.
* Replacing Indiana's coal fleet with renewables will slash greenhouse gas emissions and produce billions of dollars in savings for the state, according to a recent analysis.
Locating energy storage facilities alongside other generating units, or "colocating," can result in lower project costs and a more efficient operation, according to a new white paper.
New from RRA
* In testimony filed on Oct. 18, the New Mexico Public Regulation Commission staff opposes Public Service Co. of New Mexico's proposed abandonment of its investment in Units 1 and 4 of the coal-fired San Juan generating station effective July 1, 2022, as well as the company's proposal to securitize the related costs.
The day ahead
* The EIA natural gas report storage report is due out today.
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