The Los Angeles County Board of Supervisors has sent a letter to state regulators, urging them to deny the request by Southern California Gas Co. to resume injection of natural gas into its Aliso Canyon underground storage facility. SoCalGas has … Continue reading
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California Resources Corporation (NYSE: CRC), announced net income of $546 million or $13.06 per share for the third quarter of 2016, compared with a net loss of $104 million or $2.72 per share for the same period in 2015. The … Continue reading
Chevron Corporation (NYSE: CVX) reported earnings of $1.3 billion, or$0.68 per share, for the third quarter of 2016, compared with earnings of $2.0 billion, or $1.09 per share in the third quarter of last year. Sales and other revenues of … Continue reading
The California Independent System Operator (ISO) said two Northern California utilities are planning to participate in the ISO’s western Energy Imbalance Market (EIM). The Sacramento Municipal Utility District (SMUD) and the Balancing Authority of Northern California (BANC) have begun negotiating … Continue reading
Federal regulators, responding to the Aliso Canyon gas leak, have proposed new safety procedures for all underground natural gas storage facilities in the nation. The new procedures, developed by the , will be overseen by the Department of Transportation’s Pipeline … Continue reading
The California Independent System Operator (ISO) and the Mexican electric system operator, El Centro Nacional de Control de Energía (CENACE), announced that CENACE has agreed to explore participation by its Baja California Norte grid in the Energy Imbalance Market. The … Continue reading