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Transportation Notes

Over the weekend Florida Gas Transmission was finally able to endan Overage Alert Day notice for its market area that had been ineffect about a week and a half (see Daily GPI, July 13). However, the pipeline found itnecessary to issue a new OAD notice Monday, effective until furthernotice, with a 15% tolerance for negative daily imbalances.

July 25, 2000

Only Heated California Able to Escape General Softness

Those who had expected cash bullishness to continue Wednesday,based on the July futures contract’s move to previously unknownheights on the previous day, were in for a big disappointment.Wednesday’s screen achieved most of its drastic downturn while cashwas still trading. And while hot weather remained fairly severe onthe West Coast, it cooled off considerably in the Northeast.

June 29, 2000

NY PSC to Monitor Wholesale Electric Market

To prepare for the coming peak period of electricityconsumption, the New York State Public Service Commission (PSC) hasannounced it will monitor the state’s wholesale electric marketduring this first summer of its operation. The market now isadministered by the New York Independent System Operator (NY ISO),an independent non-profit organization that operates the state’sbulk power system and administers a competitive wholesale marketfor electricity.

May 19, 2000

El Paso Defends Two-Part Firm Transport

In its new two-part capacity allocation proposal filed at FERC lastweek (See Daily GPI, Feb. 11) El Pasoestimates it will be able to assign “pathed” or very firm rights to3,590 MMcf/d out of the 5,100 MMcf/d of contract demand and billingdeterminants applicable to its firm transportation agreements.

February 14, 2000

GE Turbines Flying Like Hotcakes

GE Power Systems has not been able to keep its gas and steamturbines on the shelves, as Reliant Energy, Duke Energy NorthAmerica and NRG Energy all recently signed long-term multi-turbineagreements.

February 14, 2000

Futures, Cold, Storage Cited in Rising Cash Market

Prices continued to exhibit mild firmness Thursday, and sourceswere able to point out several contributing factors: a risingscreen, colder weather than expected both in western Canada andpushing southward into the central U.S., and Wednesday afternoon’sbullish storage report.

February 11, 2000

Storage, Weather Give Bulls a Reason

Despite moderating temperatures pervading much of the countryyesterday, gas futures were able to inch higher and take back asmall portion of recent losses as traders positioned themselvesahead of the release of fresh weather and storage news. March andApril contracts closed up 4.5 cents a piece at $2.54 and $2.507,respectively, while the 12-month strip grew 3.3 cents to $2.614.

February 10, 2000

Prices Finally Find a Direction to Move, And It’s Up

After several successive days of stagnation, the cash marketfinally was able to use a little bit of screen support andexpectations of colder weather moving into major market areas toget out of its rut Tuesday. Prices ranged from flat in theSouthwest basins to more than a nickel higher at New Englandcitygates and for intra-Alberta and several related western points.Most quotes rose between 3 and 5 cents.

January 12, 2000

Transportation Notes

Effective gas day today, NGPL may be able to schedule limitedamounts of interruptible gas received in the Permian Zone inSegments 7, 8 or 9 and being delivered outside the Permian Zone.

November 10, 1999

Late Rebound Puts Bulls Back at Helm

Despite a round of midday profit taking, the natural gas futuresmarket was able to eke out a modest advance amid continued see-sawtrading activity yesterday. The September contract led all othermonths, posting a 1.9-cent gain en route to a $2.727 close.Estimated volume was robust with 86,261 contracts changing hands.

August 13, 1999