LA County Officials Urge Delay on Aliso Canyon

The Los Angeles County Board of Supervisors has sent a letter to state regulators, urging them socalgas_logoto deny the request by Southern California Gas Co. to resume injection of natural gas into its Aliso Canyon underground storage facility.

SoCalGas has proposed restoring operations at Aliso Canyon, the largest such facility in the state, following extensive repairs in the wake of a four-month gas leak that displaced thousands of residents.

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California Resources Corp. Third Quarter Results

California Resources Corporation (NYSE: CRC), announced net income of $546 million or $13.06 crc_logoper 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 Los Angeles-based company, formerly the California operations of Occidental Petroleum, reported an adjusted net loss for the third quarter of 2016 of $71 million or $1.75 per share, compared with an adjusted net loss of $86 million or $2.25 per share for the same period of 2015.

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Chevron Third Quarter Income is $1.3 Billion

Chevron Corporation (NYSE: CVX) reported earnings of $1.3 billion, or$0.68 per share, for the chevronthird 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 the San Ramon-based company were $29 billion in the latest quarter, compared to $33 billion in the year-ago period.

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Safety Changes Proposed After Aliso Canyon

Federal regulators, responding to the Aliso Canyon gas leak, have proposed new safety us_doe_logoprocedures 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 and Hazardous Materials Safety Administration when enacted.

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Mexico’s Grid Operator May Join EIM

The California Independent System Operator (ISO) and the Mexican electric system operator, El Centro cenace_logoNacional 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 real-time market enables participating utilities to shift supplies of electric power from areas of surplus capacity, especially power generated by renewable sources, to areas experiencing high demand.

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