FERC

Western Midstream Announces Expansion of Powder River Basin Footprint With the Acquisition of Meritage Midstream

Retrieved on: 
Tuesday, September 5, 2023
Oil, Gas, Energy, Vinson & Elkins, NGL, DCP Midstream Partners, Campbell, FERC, Citigroup, Thunder Creek, Jefferies Group, Acquisition, Gibson Dunn, WES, NYSE, Cryptocurrency, Meritage, Powder River Basin

Meritage, a privately held midstream company headquartered in Denver, Colorado, owns and operates a large-scale natural gas gathering and processing business in the Powder River Basin of Wyoming.

Key Points: 
  • Meritage, a privately held midstream company headquartered in Denver, Colorado, owns and operates a large-scale natural gas gathering and processing business in the Powder River Basin of Wyoming.
  • “We are excited to announce the transformation of our Powder River Basin footprint with the acquisition of Meritage,” commented Michael Ure, President and Chief Executive Officer of WES.
  • “The addition of the Meritage assets meaningfully expands the financial and operational scale of our existing Powder River Basin footprint by adding significant producer inventory and further diversifying our growing G&P customer portfolio.
  • The Powder River Basin has attracted investment from some of the largest E&P companies due to the basin’s multi-stacked pay horizon potential.

Venture Global and Baker Hughes Announce Expanded Master Equipment Supply Agreement to Support Venture Global's Long-Term Expansion Plan

Retrieved on: 
Tuesday, September 5, 2023
CP2, Partnership, Calcasieu, Natural gas, FERC, Block, MTPA, Calcasieu River, Battle of Calcasieu Pass, FID, VG, Liquefied natural gas, LNG

To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects.

Key Points: 
  • To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects.
  • The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli.
  • Venture Global continues to execute and achieve major milestones at each of its projects.
  • We are proud of our longstanding collaboration with Venture Global LNG and continue to support their plan to expand LNG production to address global energy demand," said Lorenzo Simonelli, chairman and CEO of Baker Hughes.

Venture Global and Baker Hughes Announce Expanded Master Equipment Supply Agreement to Support Venture Global's Long-Term Expansion Plan

Retrieved on: 
Tuesday, September 5, 2023
CP2, Partnership, Calcasieu, Natural gas, FERC, Block, MTPA, Calcasieu River, Battle of Calcasieu Pass, FID, VG, Liquefied natural gas, LNG

To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects.

Key Points: 
  • To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects.
  • The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli.
  • Venture Global continues to execute and achieve major milestones at each of its projects.
  • We are proud of our longstanding collaboration with Venture Global LNG and continue to support their plan to expand LNG production to address global energy demand," said Lorenzo Simonelli, chairman and CEO of Baker Hughes.

Baker Hughes and Venture Global Announce Expanded Master Equipment Supply Agreement to Support Venture Global’s Long-Term Expansion Plan

Retrieved on: 
Tuesday, September 5, 2023
CP2, Partnership, Calcasieu, FERC, Block, MTPA, Calcasieu River, Battle of Calcasieu Pass, FID, VG, Liquefied natural gas, Natural gas, LNG

To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global’s future LNG export projects.

Key Points: 
  • To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global’s future LNG export projects.
  • The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli.
  • Venture Global continues to execute and achieve major milestones at each of its projects.
  • We are proud of our longstanding collaboration with Venture Global LNG and continue to support their plan to expand LNG production to address global energy demand,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes.

Federal Energy Regulatory Commission Ruling Resolves System Energy Resources Inc. Refund Dispute

Retrieved on: 
Tuesday, August 29, 2023
Federal Energy Regulatory Commission, FERC, Mississippi Public Service Commission, Grand Gulf Nuclear Station, SERI, IRS, Entergy, Sale

NEW ORLEANS, Aug. 29, 2023 /PRNewswire/ -- The Federal Energy Regulatory Commission resolved a long-standing litigation matter related to uncertain tax positions taken by System Energy Resources, Inc., or SERI, by denying a request for SERI to pay additional refunds to customers. The FERC ruling also ordered SERI to recalculate the value of overpayments on sale-leaseback refunds previously made to customers. SERI is an Entergy subsidiary that is the majority owner of the Grand Gulf Nuclear Station in Port Gibson, Miss.

Key Points: 
  • NEW ORLEANS, Aug. 29, 2023 /PRNewswire/ -- The Federal Energy Regulatory Commission resolved a long-standing litigation matter related to uncertain tax positions taken by System Energy Resources, Inc., or SERI, by denying a request for SERI to pay additional refunds to customers.
  • The FERC ruling also ordered SERI to recalculate the value of overpayments on sale-leaseback refunds previously made to customers.
  • SERI is an Entergy subsidiary that is the majority owner of the Grand Gulf Nuclear Station in Port Gibson, Miss.
  • "We are pleased today's order resolves a major source of litigation between our regulators and SERI," said Rod West, Entergy Group President, Utility Operations.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Retrieved on: 
Thursday, August 10, 2023
Other Professional Services, Professional Services, Finance, AIB (NI), Macquarie Group, New York Stock Exchange, Uncertainty, European Central Bank, ERISA, Investment, Federal, MAM, MLP, LIBOR, Policy, COVID-19, Infection, NAV, Central bank, Risk, Terrorism, MFD, Judgement, Hedge fund, Natural Resources, FERC, Internal Revenue Code, Federal Energy Regulatory Commission, FTP, Acquisition, Adviser, Federal Reserve, London Interbank Bid Rate, Internal Revenue Code section 409A, Capital gain, European, FINRA, Core Component Technical Specification, Weather, NYSE, FTA, Debt-to-GDP ratio, Cryptocurrency, Life insurance, Security (finance), Financial adviser, Financial services, Bank, Fund

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans.

Evergy Announces Second Quarter 2023 Results, Declares Quarterly Dividend and Reaffirms 2023 Guidance

Retrieved on: 
Friday, August 4, 2023
Utilities, Energy, JEC, GAAP, History, Cyprus Securities and Exchange Commission, Sale, FERC, EVRG, KCC, Investment, Adelaide Street, Brisbane, Webcast, Depreciation, Weather, EPS, Security (finance), Bank, Cryptocurrency, Evergy

Evergy’s second quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $186.1 million and $0.81, respectively, compared to $194.5 million and $0.84 in 2022.

Key Points: 
  • Evergy’s second quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $186.1 million and $0.81, respectively, compared to $194.5 million and $0.84 in 2022.
  • “We remain on track to meet our expectations for the year after delivering solid second quarter performance," said David Campbell, Evergy president and chief executive officer.
  • The Company reaffirmed its 2023 GAAP EPS guidance range of $3.55 to $3.75, along with its 2023 adjusted EPS (Non-GAAP) guidance range of $3.55 to $3.75.
  • Adjusted EPS (non-GAAP) guidance is reconciled to GAAP EPS guidance in the financial table included in this release.

Cheniere Partners Reports Second Quarter 2023 Results and Reconfirms 2023 Distribution Guidance

Retrieved on: 
Thursday, August 3, 2023
Oil, Gas, Energy, Senior, Debt-to-GDP ratio, Line of credit, British thermal unit, IPM, Tourmaline, Peptide, Sabine Pass, FEED, Sale, FERC, Public expenditure, SPL, Natural gas, Bechtel, NEPA, Integrated farming, Credit, Hand, Cryptocurrency, Bank, LNG

The increases were primarily due to non-cash favorable changes in fair value of commodity derivatives (further described below).

Key Points: 
  • The increases were primarily due to non-cash favorable changes in fair value of commodity derivatives (further described below).
  • The common unit distribution and the related general partner distribution will be paid on August 14, 2023.
  • Cheniere Energy, Inc. will host a conference call to discuss its financial and operating results for second quarter 2023 on Thursday, August 3, 2023, at 11 a.m. Eastern time / 10 a.m. Central time.
  • The call and accompanying slide presentation may include financial and operating results or other information regarding Cheniere Partners.

Alliance for Tribal Clean Energy Releases Proceedings Summary Report from the "First-Ever" Tribal Energy Equity Summit - A Historic Convening of Tribal and Federal Officials

Retrieved on: 
Tuesday, August 1, 2023
U.S. Department of Energy, Office of Inspector General, Classification of Indigenous peoples of the Americas, McKnight, Policy, Smith, Country, History, FERC, Federal Energy Regulatory Commission, Alaska National Interest Lands Conservation Act, Tribe, Native Americans, MacArthur, Fusion Energy Foundation, United States Department of the Interior, Indian country, Interior, Federation, Trauma, United States Department of Energy, Impact of the COVID-19 pandemic on Native American tribes and tribal communities, Renewable energy, Mining, Public utility

WASHINGTON, Aug. 1, 2023 /PRNewswire/ -- Alliance for Tribal Clean Energy, an Indigenous-led nonprofit that supports the self-determined efforts of Native American tribes to transition to a clean energy future, today released the 2023 Tribal Energy Equity Summit Proceedings Summary Report.

Key Points: 
  • WASHINGTON, Aug. 1, 2023 /PRNewswire/ -- Alliance for Tribal Clean Energy , an Indigenous-led nonprofit that supports the self-determined efforts of Native American tribes to transition to a clean energy future, today released the 2023 Tribal Energy Equity Summit Proceedings Summary Report .
  • "For four days in May 2023, the Tribal Energy Equity Summit convened for the first time in history Native American tribal leaders with officials from the federal government for the purposes of establishing relationships and catalyzing more meaningful and effective dialogue about energy," said Chéri A. Smith (Mi'kmaq Descendant), Alliance for Tribal Clean Energy Founder, President, and CEO.
  • The 2023 Tribal Energy Equity Summit Proceedings Summary Report is the first in a series of Summit follow-up activities promised for participants, as well as those who could not be in attendance, to continue the dialogue and momentum that was kindled at the Summit.
  • To download the 2023 Tribal Energy Equity Summit Proceedings Summary Report, click here .

FERC ISSUES POSITIVE FINAL EIS FOR CP2 LNG

Retrieved on: 
Friday, July 28, 2023
CP2, Engineer, Corps of Engineers, Commission, National Marine Fisheries Service, FERC, Federal Energy Regulatory Commission, PHMSA, Liquefied natural gas, NEPA, FEIS, Natural gas

ARLINGTON, Va., July 28, 2023 /PRNewswire/ -- Today, Venture Global LNG issued the following statement after the Federal Energy Regulatory Commission (FERC) issued a positive final environmental impact statement (FEIS) for Venture Global's third project, CP2 LNG.

Key Points: 
  • ARLINGTON, Va., July 28, 2023 /PRNewswire/ -- Today, Venture Global LNG issued the following statement after the Federal Energy Regulatory Commission (FERC) issued a positive final environmental impact statement (FEIS) for Venture Global's third project, CP2 LNG.
  • "Venture Global thanks the Commission as well as the other cooperating NEPA agencies, including US.
  • Army Corps of Engineers, Department of Energy, Coast Guard, PHMSA and the National Marine Fisheries Service, for their hard work to complete the Final Environmental Impact Statement (FEIS) for CP2 LNG," said Mike Sabel, CEO of Venture Global LNG.
  • CP2 continues to have robust commercial and financial momentum with approximately half of the project already sold out.