Natural gas companies under investigation for rate charges

The Federal Energy Regulatory Commission (FERC) is investigating rates charged by three interstate natural gas companies: ANR Storage Co., Bear Creek Storage Co. LLC and MIGC LLC.

FERC is looking into whether the companies are over-recovering their costs. The commission’s staff estimates on Form 2 cost and revenue information that ANR Storage’s return on equity was 130.38 percent for 2009 and 153.71 percent for 2010. Bear Creek’s estimated return for 2009 was 22.43 percent and 29.16 percent for 2010, while MIGC’s estimated return was 47.74 percent for 2009 and 57.14 percent for 2010. In orders dated November 18, FERC gave each company 75 days to file a full cost and revenue study.

Read more business regulation news

Sponsored by FLSmidth

Related Articles

Wisconsin Electric gets no bids to buy Presque Isle coal plant

Wisconsin Electric Power hasn't gotten any purchase bids at this point off a recent request for proposals (RFP) that it issued for the coal-fired Presque Isle power plant in Michigan's Upper Peninsula.

Gas, renewables account for new generation additions in February

Basin Electric Power Cooperative has commissioned its 45-MW Pioneer 2 peaking unit in North Dakota and it was the largest conventional peaking plant to come online during February as renewables accounted for the rest of the new generation.

Follow Power Engineering on Twitter

Latest News

 Electric utility Dominion flexes political muscles in Virginia

Electric utility Dominion flexes political muscles in Virginia

Virginia's 2015 legislative session was a good one for energy giant Dominion Resources Inc. (...
Callaway Energy Center's Replacement Reactor Vessel Closure Head Project

[Image Gallery] Callaway Energy Center Nuclear Power Upgrade Project

 DOE to help tribes advance onsite, renewable energy projects

DOE to help tribes advance onsite, renewable energy projects

DOE announced the third round of START Renewable Energy Project Development Assistance, which...
Report: 2014 was the best year for utility-scale solar power

Report: 2014 was the best year for utility-scale solar power

With more than 3.7 GW installed, 2014 was the best year yet for utility-scale solar power ins...
CHP: Energy Independence Offers a Competitive Edge

[Image Gallery]

Best Boiler Cleaning Practices

[Image Gallery]

 FirstEnergy Nuclear Operating Co. elects new president, CNO

FirstEnergy Nuclear Operating Co. elects new president, CNO

FirstEnergy Nuclear Operating Co. (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE),...
 Enbridge’s Texas wind project reaches commercial operation

Enbridge’s Texas wind project reaches commercial operation

Enbridge’s 110-MW Keechi Wind Project has reached commercial operations in Jack County, Texas.

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

Enerpulse Technologies to Present at the 27th Annual ROTH Conference on March 10, 2015

Enerpulse Technologies to Present at the 27th Annual ROTH Conference on March 10, 2015

Western Gas Announces Acquisition and 2015 Outlook

Western Gas Announces Acquisition and 2015 Outlook

Thinnest, Rugged Laptop With 15" Display

Thinnest, Rugged Laptop With 15" Display

BioCNG, LLC Announces Expansion of St. Landry Parish Solid Waste District BioCNG(TM) System to Include Mother-Daughter Fuel Station

BioCNG, LLC Announces Expansion of St. Landry Parish Solid Waste District BioCNG(TM) Sy...

Letter From CGE Energy President Bryan Zaplitny

Letter From CGE Energy President Bryan Zaplitny

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>