Algonquin

Industry Brief

Duke Energy said Algonquin Gas Transmission is planning a new 3.5 mile, 18-inch diameter natural gas pipeline in the Cape Cod towns of Sandwich and Bourne, MA, to serve gas customer growth. “The Cape Cod Lateral will provide KeySpan with firm natural gas transportation service to continue reliably supplying the growing Cape Cod market,” said Bill Yardley, vice president, marketing, business development and customer service. The proposed pipeline and related facilities will provide KeySpan with 38,000 Dth/d of firm capacity under a 15-year agreement. “Over the past few years, we’ve experienced increased demand for natural gas on Cape Cod as more homeowners are catching onto the benefits of this clean and environmentally friendly heating fuel,” said Nicholas Stavropoulos, president of KeySpan Energy Delivery. “This project, if approved, will provide additional capacity and enable KeySpan to maintain system reliability and enhance delivery capability throughout the Cape Cod area.” An application for the expansion was filed April 21 with the Federal Energy Regulatory Commission. Service is expected in November 2007.

April 27, 2006

Transportation Notes

Due to cold temperatures forecasted across its system for the Saturday-Monday period, Algonquin said it anticipates being unable to resolve due-shipper imbalances during this time.

February 24, 2006

Transportation Notes

Pipeline affiliates Texas Eastern and Algonquin noted that while forecasts were for more seasonal conditions in their market areas over the weekend, they would continue to have limited operational flexibility. Texas Eastern said it would have limited due-shipper imbalance gas available Saturday, but not in the M-3 zone. It added that due-shipper gas in upstream zones could not be used to supply M-3 markets.

January 20, 2004

Soaring Prices Puzzle Many; Northeast Hits $8-Plus

Thursday’s explosion of prices in which gains ranged from about 30 cents to 90 cents (Algonquin citygate) left quite a few traders befuddled and groping for an explanation. Several were able to offer suggestions about potential contributing factors, but added that they didn’t believe their suggestion alone rationalized the big gains. “Beats me” was the essence of most answers.

December 19, 2003

Transportation Notes

Algonquin lifted Monday a long-running ban on accepting due-shipper imbalance make-up nominations, leaving no restrictions in place on its system.

March 18, 2003

Transportation Notes

Algonquin lifted Tuesday a Critical Notice posted Sunday that limited negative daily imbalances to a 2% tolerance. on March 2, 2003. The pipeline’s only restriction remaining in effect for Wednesday is that no due-shipper makeup gas is available anywhere on its system.

March 5, 2003

Weather Forecasts Expected to Keep Prices on the Rise

A mild retreat of a dime or more at Transco Zone 6-NYC, Algonquin citygate and Tennessee Zone 6 were exceptions to Thursday’s upticks that ranged from minimal (San Juan-Blanco) to about half a dollar (Niagara, Dawn). Most gains were between about a dime and a little more than 30 cents, with those of 20-30 cents being most common.

February 21, 2003

Transportation Notes

Algonquin will lift Wednesday a Critical Notice that was posted Jan. 20. It anticipates that operating conditions will allow a limited amount of due-shipper imbalance make-up gas to be scheduled.

January 29, 2003

Transportation Notes

Northern Natural Gas did not extend a System Overrun Limitation for all market-area zones beyond Friday, ending it after a two-day run.

January 21, 2003

Transportation Notes

Anticipated demand allowed Algonquin to accept “a limited amount” of due-shipper imbalance make-up nominations for Christmas Day. However, the pipeline said no due-shipper gas would be available Thursday.

December 26, 2002