SNL Energy presentsthe most read stories for the week ended April 8.
1. MorganStanley: FERC 'likely' to rescind waivers, invalidate Ohio PPAs of FirstEnergy,AEP
While Morgan Stanley Research previously it believed units of and face a "very significant risk" that FERC will rescind their waiversof affiliate power sales restrictions in order to determine if certain of thecompanies' power purchase agreements are just and reasonable, the firm'sanalysts now say that result is "likely."
2. With AlisoCanyon compromised, California may face 14 days of summer blackouts
California electricity customers could be in for two weeksof blackouts thissummer with the Aliso Canyon gas storage facility still depleted andcompromising reliable access to gas supplies for power generation, according toan engineering analysis released April 5.
3. TerraFormGlobal sues SunEdison, claiming it diverted funds to pay off margin loan
Faced with a need for cash to avoid an imminent default on amargin loan late last year, SunEdisonInc.'s management manipulated its affiliate intoproviding a $231 million "pre-payment" for solar projects that it wasdeveloping in India and then diverted those funds to prop up its "flaggingliquidity position," the yieldco allegedin an April 3 lawsuit.
4. Former coalCEO Don Blankenship gets maximum jail sentence, fine
Former Massey Energy CEO Don Blankenship has received themaximum, one-yearpenalty for his conviction on a misdemeanor charge of conspiring to violatemine safety laws. Blankenship was investigatedfollowing the explosion of the Upper Big Branch coal mine that killed 29 coalminers in West Virginia. U.S. District Court for the Southern District of WestVirginia Judge Irene Berger sentenced him to one year and an additional year onsupervised release.
5. Phillyenergy hub concept struggles in face of environmental opposition
As their upstream brethren learned when they came to theKeystone State, natural gas infrastructure developers are finding thatPhiladelphia is not Houston, where the public accepts oil and gas, and projectpermitting seems more certain.