Amid industry reports last week that Enron North American Corp.was actively trying to get out from under its recently-approvedlarge capacity contracts with El Paso Natural Gas, the pipelinesought a stay of the order in which FERC denied primary rights atthe prized Southern California Gas-Topock, AZ, delivery point fornearly half of the Enron affiliate’s contracted-for firmtransportation capacity.
Actively
Articles from Actively
Late Sell-Off Awakens Bears From Hibernation
An actively traded over-the-counter market set the stage for aturbulent session Friday in the natural gas pit at Nymex andtraders did not disappoint — taking prices higher on the openbefore sending them lower in two distinct selling waves.
January 24, 2000
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