FERC

Former FERC Chairman Neil Chatterjee joins board of CarbonCapture Inc.

Retrieved on: 
Wednesday, March 27, 2024
Law school, Face, Commissioner, University, Hogan Lovells, Senior, Carbon, St. Lawrence University, DAC, IP, Federal Energy Regulatory Commission, FERC

LOS ANGELES, March 27, 2024 (GLOBE NEWSWIRE) -- CarbonCapture Inc. (CarbonCapture), a leading US-based direct air capture (DAC) company, today announced the appointment of Neil Chatterjee to its Board of Directors.

Key Points: 
  • LOS ANGELES, March 27, 2024 (GLOBE NEWSWIRE) -- CarbonCapture Inc. (CarbonCapture), a leading US-based direct air capture (DAC) company, today announced the appointment of Neil Chatterjee to its Board of Directors.
  • Mr. Chatterjee is a former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC) and has deep ties in Washington and across the industry, with extensive experience across the energy landscape, both domestically and internationally.
  • In his time on Capitol Hill and at FERC, he established a reputation as a bipartisan operator who built alliances and cut through red tape.
  • "Every DAC plant is also a clean energy project," said Adrian Corless, CEO of CarbonCapture Inc. "That's why I'm thrilled to welcome Neil to our team.

United States $41.58 Billion Natural Gas Storage Markets, Competition, Forecast & Opportunities, 2018-2028F - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024
Oil, Gas, Energy, Electricity, DOT, Natural gas, Pressure, Growth, Heat, Natural disaster, Transport, Wind, Methane, Federal Energy Regulatory Commission, Safety, Rail transport by country, Coal, FERC, USD, Greenhouse, Movement, Weather

The "United States Natural Gas Storage Market, By Region, By Competition Forecast & Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Natural Gas Storage Market, By Region, By Competition Forecast & Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
  • United States Natural Gas Storage Market has valued at USD 41.58 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.82% through 2028.
  • One of the key drivers for the United States Natural Gas Storage Market is the increasing demand for natural gas, driven by its versatile applications in electricity generation, heating, industrial processes, and as a cleaner energy source.
  • Another crucial driver for the United States Natural Gas Storage Market is the evolving regulatory landscape and environmental considerations.

Enstor Files FERC Application to More Than Double the Capacity of its Mississippi Hub Natural Gas Storage Facility

Retrieved on: 
Tuesday, March 19, 2024
Energy, Other Energy, Oil, Gas, Growth, Environment, Economic development, Hub, Dehydration, Federal Energy Regulatory Commission, Safety, FERC

Mississippi Hub, LLC (MS Hub), an affiliate of Enstor Gas , LLC, the largest privately owned natural gas storage company in the United States, has filed an application (docket number CP24-80 ) with the Federal Energy Regulatory Commission (FERC) to amend its current certificate to allow for the expansion of the MS Hub gas storage facility.

Key Points: 
  • Mississippi Hub, LLC (MS Hub), an affiliate of Enstor Gas , LLC, the largest privately owned natural gas storage company in the United States, has filed an application (docket number CP24-80 ) with the Federal Energy Regulatory Commission (FERC) to amend its current certificate to allow for the expansion of the MS Hub gas storage facility.
  • MS Hub is a high-deliverability underground natural gas storage facility located on the Bond Salt Dome in Simpson County, Mississippi.
  • When fully completed, the MS Hub expansion project will increase the total working gas storage capacity to 56.3 Bcf, approximately 2.5 times the facility’s present capacity.
  • “It’s been a decade since the industry has seen significant additions to natural gas storage,” said Enstor CEO Paul Bieniawski.

NextDecade Provides Fourth Quarter 2023 Business Update

Retrieved on: 
Monday, March 11, 2024
Oil, Gas, Chemicals, Plastics, Commercial Building & Real Estate, Construction & Property, Energy, Green Technology, Manufacturing, Sustainability, Finance, Professional Services, Environment, Mining, Minerals, Natural Resources, Other Energy, Other Construction & Property, FEED, MTPA, Growth, FID, Movement, Investment, Federal Energy Regulatory Commission, Train, Safety, FERC, Primary energy, TotalEnergies, DOE, Engineering, EPC, Development

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.
  • "We are committed to maximizing long-term value for NextDecade's shareholders by executing our business strategy efficiently and effectively," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer.
  • With regulatory approvals in place, our Train 4 and 5 expansion capacity is well-positioned to meet growing global demand for LNG.
  • NextDecade has posted an updated investor presentation to its website concurrently with this release.

TC Energy announces sale of Portland Natural Gas Transmission System

Retrieved on: 
Monday, March 4, 2024
Bracewell LLP, Note, Natural gas, TSX, TC Energy, News, Growth, Sale, Debt-to-GDP ratio, TQM, Atlantic Canada, Safety, GAAP, Comparable, BlackRock, TRP, Donald Duck filmography, Barclays, TC, FERC, Bank

PNGTS is a 475-kilometer (295-mile) FERC-regulated transporter of natural gas serving the upper New England and Atlantic Canada markets.

Key Points: 
  • PNGTS is a 475-kilometer (295-mile) FERC-regulated transporter of natural gas serving the upper New England and Atlantic Canada markets.
  • The pipeline receives natural gas from the Trans Quebec and Maritimes (TQM) Pipeline via the Canadian Mainline.
  • TC Energy will provide customary transition services and will work jointly with the Buyer to ensure the safe and orderly transition of this critical natural gas system.
  • Barclays acted as exclusive financial advisor to TC Energy and Énergir on the transaction.

4Liberty, Inc. Launches Automated Design Service to Dramatically Improve Efficiency in Traditional Utility Design Process

Retrieved on: 
Tuesday, February 27, 2024
Distribution, 3D, PUC, Patent, Automation, PMO, Logic, FERC, Workflow

“4Liberty’s Automated Design Service is bringing true innovation to mission critical but often cumbersome processes and delivering immediate business value and better outcomes to our clients,” said Sharelynn Moore, CEO of 4Liberty.

Key Points: 
  • “4Liberty’s Automated Design Service is bringing true innovation to mission critical but often cumbersome processes and delivering immediate business value and better outcomes to our clients,” said Sharelynn Moore, CEO of 4Liberty.
  • With increasing security risks for utility grid assets, such as substations, 4Liberty’s patent pending Automated Design Service reduces the number of stages in a typical design process and significantly accelerates the time required to develop new or upgrade existing substation security measures.
  • Improving how utilities finalize and implement security design will enable them to meet PUC and FERC requirements on time and on budget while doing more with less.
  • And, coupled with the company’s deep utility expertise, the new service reinforces 4Liberty’s commitment to automating processes, innovating using sophisticated tools and methodologies and eliminating inefficiencies and waste in utility processes.

Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024
Alternative Energy, Energy, Environment, Sustainability, Utilities, Weather, Investment, Form 10-K, Growth, Sale, COLI, JEC, Adelaide Street, Brisbane, GAAP, Webcast, Depreciation, Security (finance), KCC, O&M, EPS, Asset, EVRG, FERC, Bank

Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.

Key Points: 
  • Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.
  • Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.
  • The Company issued its 2024 GAAP EPS guidance range of $3.73 to $3.93, along with its 2024 adjusted EPS (non-GAAP) guidance range of $3.73 to $3.93.
  • Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board.

Tellurian Reports 2023 Financial Results and Driftwood LNG Progress

Retrieved on: 
Friday, February 23, 2024
Energy, Other Energy, Oil, Gas, Tellurian Inc, ICL, Driftwood, Plant, Sale, Federal Energy Regulatory Commission, Inc., Bank statement, FERC

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) reported its full year 2023 financial results today.

Key Points: 
  • Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) reported its full year 2023 financial results today.
  • During 2023, Tellurian took significant steps to advance the Driftwood LNG project, having driven over 14,000 piles at site and making progress on concrete foundations for critical equipment thus de-risking site construction.
  • Subsequent to year end, Tellurian amended its senior secured notes and senior convertible notes to provide financial flexibility.
  • As disclosed in our financial statements, we have made significant progress in executing our plans to alleviate substantial doubt.”

Cheniere Partners Reports Fourth Quarter and Full Year 2023 Results and Introduces Full Year 2024 Distribution Guidance

Retrieved on: 
Thursday, February 22, 2024
Oil, Gas, Energy, IPM, Natural gas, British thermal unit, Sale, Federal Energy Regulatory Commission, Line of credit, SPL, Public expenditure, Hand, Peptide, FERC

In November 2023, SPL redeemed $50 million in principal amount of the 2024 SPL Senior Notes with cash on hand.

Key Points: 
  • In November 2023, SPL redeemed $50 million in principal amount of the 2024 SPL Senior Notes with cash on hand.
  • The common unit distribution and the related general partner distribution will be paid on February 14, 2024.
  • Cheniere Energy, Inc. will host a conference call to discuss its financial and operating results for fourth quarter and full year 2023 on Thursday, February 22, 2024, at 11 a.m. Eastern time / 10 a.m. Central time.
  • The call and accompanying slide presentation will include financial and operating results or other information regarding Cheniere Partners.

Cheniere Reports Fourth Quarter and Full Year 2023 Results and Introduces Full Year 2024 Financial Guidance

Retrieved on: 
Thursday, February 22, 2024
Energy, Other Energy, Oil, Gas, IPM, Natural gas, British thermal unit, Sale, Federal Energy Regulatory Commission, Line of credit, Income tax, SPL, Hand, Partner, CCL, FERC

Net income was approximately $9.9 billion for the twelve months ended December 31, 2023 as compared to approximately $1.4 billion for the corresponding 2022 period.

Key Points: 
  • Net income was approximately $9.9 billion for the twelve months ended December 31, 2023 as compared to approximately $1.4 billion for the corresponding 2022 period.
  • Consolidated Adjusted EBITDA decreased approximately $1.5 billion and $2.8 billion for the three and twelve months ended December 31, 2023, respectively, as compared to the corresponding 2022 periods.
  • In November 2023, SPL redeemed $50 million in principal amount of the 2024 SPL Senior Notes with cash on hand.
  • First LNG production from the first train of the CCL Stage 3 Project is currently forecast to be achieved at the end of 2024.