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Transportation Notes

Transportation Notes

Public Service Co. of Colorado and Cheyenne (WY) Light Fuel & Power will implement Operational Balancing Procedures in all areas effective Saturday and Sunday. The effect is to require shippers to cut nominations to a level that does not exceed estimated daily consumption taken from a previous "Model Day" (in this case July 4, 1999). Imbalance paybacks will not be allowed during the OBP period.

El Paso will hold several meetings in mid-August to explain the Right of First Refusal posting it will make in early September to offer the 1.3 Bcf/d of capacity now held by Dynegy. The meetings are scheduled for Aug. 16 in Los Angeles; Aug. 17 in San Francisco; Aug. 18 in Phoenix; Aug. 19 in Dallas; and Aug. 20 in Houston. Those planning to attend are asked to RSVP to Lisa Holmes at (915) 496-2568 or via e-mail (holmesl@epenergy.com). Dynegy acquired the capacity, which had been turned back by Pacific Gas & Electric, for the 1998-99 period in a controversial procedure that still remains the subject of contention (see Daily GPI, May 7, May 12 and May 20).

Sonat's cumulative system cash-out imbalance is growing longer rapidly. Wednesday the pipeline estimated the long position at 1,406,078 Dth as of July 12, more than three times as much as a week previously (see Daily GPI, July 9).

Storm damage has rendered El Paso's IDELHI2 interconnect at Waha inoperable until further notice. However, minimal impact is expected since "very little gas" has been scheduled through the point thus far this year, El Paso said

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