Chevron Corporation (NYSE: CVX) reported earnings of $1.3 billion, or$0.68 per share, for the 
third quarter of 2016, compared with earnings of $2.0 billion, or $1.09 per share in the third quarter of last year.
Sales and other revenues of the San Ramon-based company were $29 billion in the latest quarter, compared to $33 billion in the year-ago period.
The California Independent System Operator (ISO) said two Northern California utilities are 
planning to participate in the ISO’s western Energy Imbalance Market (EIM).
The Sacramento Municipal Utility District (SMUD) and the Balancing Authority of Northern California (BANC) have begun negotiating agreements to join the EIM.
Federal regulators, responding to the Aliso Canyon gas leak, have proposed new safety 
procedures for all underground natural gas storage facilities in the nation.
The new procedures, developed by the , will be overseen by the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration when enacted.
The California Independent System Operator (ISO) and the Mexican electric system operator, El Centro 
Nacional de Control de Energía (CENACE), announced that CENACE has agreed to explore participation by its Baja California Norte grid in the Energy Imbalance Market.
The real-time market enables participating utilities to shift supplies of electric power from areas of surplus capacity, especially power generated by renewable sources, to areas experiencing high demand.
Phoenix-based Arizona Public Service (APS) and Puget Sound Energy (PSE) of Washington State began full participation in the western Energy Imbalance Market (EIM) on October 1.
The EIM is a real-time wholesale power market managed by the California Independent System Operator (ISO) that enables participating utilities to buy low-cost energy available across eight western states.
Uduak-Joe Ntuk
Los Angeles Mayor Eric Garcetti has appointed Uduak-Joe Ntuk as the city’s first-ever oil administrator to regulate the safety of oil operations in the city.
He will begin serving in the $133,500-per-year post in October, heading a new Office of Petroleum and Natural Gas Administration and Safety within the City’s Board of Public Works.
Ntuk, 37, is a petroleum engineering official for the city of Long Beach, and formerly was an engineer with Chevron Corp.
