Post Tagged with: "Utilities"

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

From Reuters An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said. The utilities are also looking to buy more LNG on the spot market, where prices LNG-AS are plumbing three-year lows and are around half the average contract import price for buyers in Japan, the world’s biggest importer of the fuel for power generation and industrial use. The tougher stance marks a shift for Japanese utilities, which have long favored stability of supply over price, partly because they have been able to pass on costs to consumers. But liberalization in Japan’s energy markets means the old guard utilities are losing customers to new entrants and they are desperate to cut costs. “Given the gas and power markets liberalization and intensifying domestic competition[Read More…]

Utilities are Reaching RPS standards, but at what Cost?

Utilities are Reaching RPS standards, but at what Cost?

From Utility Dive Utility leaders often say they can meet whatever policy obligations states impose — if the policies are clear. New Energy Department numbers show that’s largely the case — at least for now. Data compiled from utility compliance filings show they are incorporating the renewable energy capacity into their generation portfolios as required of them by interim state mandate targets, according to a new report from Lawrence Berkeley National Laboratory (LBNL) summarizing progress across the nation. The report also suggests utilities are on track to meet the renewable portfolio standard (RPS) obligations ahead – if compliance costs don’t derail the programs. “RPS achievement averaged 95% in 2014 and 94% in 2013,” according to the U.S. Renewables Portfolio Standards 2016 Annual Status Report. The data covers the period from 2000 to 2015 and highlights recent trends. “RPS policies aim at a final target but there are interim targets along the way as the obligation ramps[Read More…]

April 26, 2016 - 12:50 pm Closing Bell Story, Energy News
New CEO Takes the Helm at AltaGas

New CEO Takes the Helm at AltaGas

David M. Harris, previously AltaGas’ (ticker: ALA; AltaGas.ca) president and COO, has succeeded David W. Cornhill as president and CEO, as announced previously. David Cornhill, founder of AltaGas, continues as chairman of the board. David Harris (B.Sc., MBA) joined AltaGas in 2010 and is an experienced project executive who has built hydroelectric projects internationally and in North America. Mr. Harris holds an Executive MBA in addition to a Bachelor of Science in Mechanical Engineering and a Bachelor of Science in Nuclear Engineering. Prior to his more than 20 years in business, Mr. Harris held the rank of Commander in the United States Navy. The Calgary-based diversified energy company owns or operates natural gas, power, and utilities infrastructure projects in North America. Its natural gas infrastructure in Canada includes six extraction plants, five natural gas transmission systems, three NGL pipelines, more than 70 gathering and processing facilities, and a 6,500 km network of gathering and[Read More…]

April 18, 2016 - 5:45 pm Canada, Closing Bell Story, Oil and Gas 360 Articles, People
Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Join the University of Colorado Denver Business School for an Open House April 14th

Global Energy Management Open House for Energy Professionals on April 14th  The University of Colorado Denver Business School’s Global Energy Management (GEM) program is set to launch its 16th new class, which it calls “cohorts,” in July. In advance of that, tomorrow evening, April 14th, the University of Colorado Denver Business School is hosting a free open house for energy professionals. GEM welcomes energy professionals to register for its free open house event at the Four Seasons Hotel Denver, located at 1111 14th St. downtown, on Thursday, April 14th, from 5:30 p.m. – 7:30 p.m. This event is free and open to all energy professionals and will be an opportunity for prospective students to meet current students, faculty members, GEM alumni and to get to know GEM’s first Executive in Residence, William S. Waldheim. Waldheim is a member of the boards of directors of Enbridge Energy Company and Enbridge Energy Management. He[Read More…]

Energy Master’s Program Prepares Professionals for Company Leadership Roles

Energy Master’s Program Prepares Professionals for Company Leadership Roles

Hybrid Online Master’s Program Appeals to Industry Professionals Worldwide – Open House April 14th The University of Colorado Denver Business School’s Global Energy Management (GEM) program is set to launch its 16th new class, which it calls “cohorts,” in July. The 18-month Master of Science program is focused 100% on the business side of the energy industry, and the program now has 300 alumni worldwide. “GEM was designed to add strong business acumen to a student’s technical expertise,” Catherine Steffek, GEM’s director of external affairs told, Oil & Gas 360®. How the program works GEM’s unique hybrid program begins each quarter with a four-day “cohort weekend.” Students travel to Denver from their jobs locations around the world at the beginning of each quarter. They meet their fellow cohorts and their professors during four days of concentrated classroom learning at the University of Colorado Denver Business School campus. After four days working[Read More…]