U.S. Transportation Secretary Sean P. Duffy Advocates for Enhancing Pipeline Safety in New Advisory
U.S. Transportation Secretary announced that the Pipeline and Hazardous Materials Safety Administration (PHMSA) will be encouraging all regulated pipeline owners and operators to voluntarily adopt new safety management systems (SMS). The utilization of SMS will enhance pipeline safety and is supported by the National Transportation Safety Board (NTSB).
“We are committed to carrying out the President’s agenda to unleash American energy in all ways – big and small. Here at the Department of Transportation, that mission includes ensuring our natural resources can efficiently and securely reach consumers. Enhancing pipeline safety through innovative management systems is just one way we can boost our energy security and lower costs for the American people,” said U.S. Transportation Secretary.
FERC review of PJM colocation rules for data centers, large loads may extend past mid-year: analysts
The PJM Interconnection’s response to the Federal Energy Regulatory Commission’s investigation into the grid operator’s rules for colocated loads indicates FERC may not approve new regulations by mid-year, as some people initially thought, according to utility-sector analysts.
FERC on Feb. 20 launched a review of issues related to collocating large loads, such as data centers, at power plants in PJM’s footprint.
ISO New England issues transmission RFP to access new wind resources
The New England grid operator on Monday published a request for proposals to address the region’s longer-term transmission needs, aimed at upgrading the electric system between anticipated wind generation in northern Maine and demand centers to the south.
ISO New England said it published the RFP at the direction of the New England States Committee on Electricity.
CenterPoint Energy completes $1.2B sale of Louisiana, Mississippi gas systems
CenterPoint Energy has completed the sale of its natural gas distribution systems in Louisiana and Mississippi to Delta Utilities for $1.2 billion, the companies announced Tuesday.
Sale proceeds will “support the efficient funding of what we believe is one of the most tangible long-term growth plans in the industry,” CenterPoint President and CEO said in a statement.
The U.S. Environmental Protection Agency filed a motion Wednesday opposing motions for injunctive relief filed by three nonprofits that have had their access to Greenhouse Gas Reduction Fund grant money frozen, arguing that their monetary harm does not warrant an injunction and is not irreparable.
The nonprofit Climate Fund United, which received a $6.97 billion National Clean Investment Fund grant, was the first to sue over the frozen funds last month, targeting EPA and fund holder Citibank.
Total tonnage at Port Houston terminals is down 5% year-to-date through February.
Despite this, general cargo is up 9% year-to-date, showing strong lumber and plywood volumes, in particular. Steel imports declined 13% year-over-year in February, though year-to-date volumes remain 1% higher than the same period last year.
“This transaction strengthens our position as a leading integrated downstream energy provider,” said Don Baldridge, Phillips 66 executive vice president of Midstream & Chemicals.
“We are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. Phillips 66 will offer producers unparalleled flow assurance, while advancing a strategy that is expected to deliver attractive returns and create long-term value for our shareholders.”
TG Natural Resources acquires majority stake in Chevron’s East Texas gas assets
With this transaction, TGNR will add over 250 gross locations to its existing Haynesville inventory (assuming four wells per section).
This will extend TGNR’s inventory life beyond 20 years at the current development pace, not counting the Bossier and Cotton Valley plays which are commercial at current prices.
