Thursday, March 24, 2011 US faced with ‘good problem’ Merger Stories Deal Approval as gas glut stabilizes prices AEShttp://www.snl.com/interactivex/snapshot.aspx?id=4055465 Corp. EL AES Close: $12.46 -0.01 (-0.1%) Vol: 5,063,626 (78% of Avg.) by Petermailto:
[email protected] Marrin Semprahttp://www.snl.com/interactivex/snapshot.aspx?id=4057062 Energy DE SRE The growth of shale gas production has stabilized natural gas prices Close: $52.04 -0.34 (-0.6%) Vol: 3,116,520 (179% of Avg.) and provides an opportunity to expand the efficient use of gas in Southernhttp://www.snl.com/interactivex/snapshot.aspx?id=4057146 California Gas Co. NG the U.S., a national producer-consumer task force said in a March FERC on March 18 approved AES Corp. subsidiary AES California 22 report. Management Co.’s Feb. 18 request to sell its ownership interest in The group, led by the Bipartisan Policy Center and the American AES Placerita to Clean Energy Systems Inc. Clean Skies Foundation, convened a yearlong review to produce the 70-page report, finding that governments need to “encourage the continued on page 3 development of domestic natural gas resources, subject to appro- priate environmental safeguards.” Comprising gas producers, distributors, consumer groups, large- teractivex/MyInteractive.aspx industrial users, independent experts, state regulatory commis- http://www.snl.com/inNow Featured on sions and environmental groups, the diverse task force noted that increased gas use can reduce air emissions, enhance energy security Wary of potential fines, PG&E requests and “improve the prospects of U.S.-based energy-intensive manu- more time to complete pipe inspections facturers.” “While we wish we could have completed all this work by now, In addition, the report said, gas is abundant.