Independence Fills Gap, Faces FERC
A funny thing happened on the way to the FERC last week: prospective
Independence and SupplyLink shipper Duke Energy defected, but Dynegy quickly
filled in the gap as the proposed new long-haul projects re-formed their
ranks and marched toward this week's open meeting.
The Midwest-to-East projects are slated for review (again) by FERC,
based on new precedent capacity agreements announced in late June for 38%
of Independence's 916 MMcf/d throughput and 78% of the upstream 750 MMcf/d
Supplylink expansion of ANR Pipeline. Dynegy, which had signed up for about
300 MMcf/d on each, picked up another 50 MMcf/d apiece last week when Duke
Energy Marketing & Trading dropped out. According to pipeline sponsors'
filing July 6, Duke said it was unable to get approval of the contracts
from its board of directors.
The Commission had given the new pipeline sponsors 60 days to come up
with precedent capacity agreements for at least 35% of the new capacity
with non-affiliates (see NGI, July 3).
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