Transmission

Public utilities chief raises red flags on Hunt plan to buy Oncor

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Dallas Business Journal

by Bill Hethcock

Texas Public Utilities Commissioner Ken Anderson today raised concerns about a plan put forth by Dallas-based power company Energy Future Holdings to escape bankruptcy by selling its electricity transmission company Oncor to a consortium led by billionaire Ray L. Hunt and Hunt’s companies.
For the inside story on why Hunt wants Oncor, including extensive comment from Hunt Consolidated Energy CEO Hunter Hunt, read my cover story in this week’s edition.
Anderson filed a memo with the commission Thursday flagging areas of concern for the PUC to consider before voting to reject or approve Oncor’s change-of-control application. If the Oncor deal wins approval in bankruptcy court, the…

Generation

US EIA projects natural gas inventories to reach second-highest level on record

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Platts

Increased natural gas use this summer to meet air conditioning demand has not impeded injections of gas into storage, putting gas inventories on track to reach their second-highest level on record by the end of October, the US Energy Information Administration said Tuesday in its monthly outlook.
Inventories at the end of July were 23% higher than a year ago and 2% above the previous five-year average for that week at 2.912 Tcf, EIA said in its August Short-Term Energy Outlook.
Inventories began the gas refill season in April about 173 Bcf below the five-year average, but record…