A group of Wisconsin distributors say FERC should resort to amandatory auction of short-term capacity only as a last measure -after it has implemented and weighed the effects of its otherproposed initiatives, such as increased pipeline reportingrequirements, and finds they failed to achieve a similarcompetitive end.
1999
Articles from 1999
WI LDCs Favor Auction Only as a Last Resort
A group of Wisconsin distributors says FERC should order amandatory auction of short-term capacity only as a last resort -after other proposed initiatives, such as increased pipelinereporting requirements failed to achieve a competitive end.
Destin Seeking Cost Waiver at FERC
Destin Pipeline Co. filed at FERC last week to have costlimitations on its “CNG Lateral” waived in light of delays thatpushed the project’s cost to $35.1 million, well above $19.6million allowed for in the Commission’s certification of theproject last year (Docket No. CP98-238).
Mitchell Finishes Job Cuts, Cuts Budget
Mitchell Energy & Development Corp. completed its previouslyannounced work force reduction and set its capital budget. As aresult of the company-wide downsizing and restructuring effort, 235positions have been eliminated, a 21% reduction in totalemployment. With these changes, the company expects annual salaryand benefits costs savings of about $17 million.
Complaints, Contract ‘Outs’ Stall Northeast Pipeline Projects
Having a U.S. congressman line up against a proposed expansionisn’t the worst thing that could happen to a natural gas pipeline,but it ranks right up there with the dreaded FERC investigation orthe unexpected financial audit. That’s the fate that has befallenTranscontinental Gas Pipe Line’s MarketLink project.
NJ Finally Gets Set for Deregulation
After working out a compromise on a divisive municipalaggregation issue, both houses of New Jersey’s state legislaturepassed identical deregulation bills Thursday, paving the way forelectric unbundling to begin Aug. 1 and gas unbundling to beginDec. 31. The senate passed the bill by a vote of 27-6, and theassembly passed their version by a count of 59-9, with 10abstentions. Gov. Christine Todd Whitman, who sources say helpedbroker the bill, has not said when she will sign the legislationinto law.
NGL Line To Begin Service Next Month
Enterprise Products Partners LP of Houston subsidiary EnterpriseProducts Operating LP and five other energy companies have agreedon the ownership and operating terms of Tri-States NGL PipelineLLC.
Coral Markets Farmers’ Excess Power
Coral Energy and Western Farmers Electric Cooperative (WFEC)formed an alliance to co-market power generated by WFEC throughoutthe Southwest Power Pool and adjoining areas. The alliance willmarket all power generated by WFEC in excess of that consumed byits cooperative member companies.
CPUC Warns of More Large Marketer-Pipeline Deals
Allowing interstate gas pipelines to sell capacity atmarket-based rates, without first requiring a showing of acompetitive market or mitigation measures, could set the stage formore allegedly “anticompetitive” contract arrangements betweenpipes and marketers – similar to the one between Dynegy Marketingand Trade and El Paso Natural Gas, warned California regulators.
New Sales Tax Could Kill Energy Choice in NY
A recent administrative action in New York that would subjectthe delivery of electricity, including power purchased fromthird-party suppliers, to the state’s sales tax has the potentialto undermine fledgling efforts to restructure the retail powermarket, say utilities and marketers.