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Industry Brief

Industry Brief

Sempra Energy Trading announced it has relocated its corporate headquarters to Stamford, CT, from Greenwich. The energy marketer signed a 10-year-lease on a 35,000 square-foot renovated warehouse in Commerce Park. The new space is nearly double the size of Sempra's former offices and features a 15,000-square-foot trading floor. "It is large enough to accommodate our future growth plans," said David Messer, president of Sempra Energy Trading. The warehouse space was transformed easily into a trading floor due to its high ceilings, open space and heavy power supply, he added. The renovations included the addition of a new trading floor, offices, conference rooms, cafeteria and library. Currently, the new headquarters houses 153 employees. Formerly known as AIG Trading, Sempra Energy Trading adopted its current name when it was jointly acquired by Sempra Energy (formed by the merger of Enova Corp. and Pacific Enterprises) in August 1997.

Transportation Notes

Effective yesterday, Nova Gas Transmission system tolerance changed to 0/-20% due to a high pressure situation in the North and over-pressuring in the East and current pack rate.

TransCanada said a curtailment-causing Empress Border restriction on Nova Gas Transmission continues for today's gas day and could be in effect tomorrow, too. "Really, it's just a day-to-day thing," a spokesman said. The restriction is due to the planned Princess outage.

Nova said based on forecasts from connecting pipelines, today's East Gate Firm Service will be restricted to 91.9%.

Florida Gas Transmission said it is continuing to receive poor quality gas in zones 1, 2, and 3. The gas contains high concentration of hexane and heavier components which are causing operational problems.

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