With the ink barely dry on the final FERC order, state Rep.Frank LaGrotta of Pennsylvania yesterday sought review of theCommission’s decision awarding a certificate to the hotly contestedIndependence Pipeline that would run through his state. Thelawmaker said the Commission should have denied the Midwest-to-EastCoast pipeline project a certificate because the precedentagreements it filed as a show of market support contained “outclauses” for shippers.
Already
Articles from Already
Williams, Dynegy Join Internet Trading Bandwagon
As if there weren’t enough sites to click on already, energybuyers will be getting yet another deal-making space on theInternet. Dynegy and Williams agreed to invest $25 million each fora minority equity stake in eSpeed Inc., an interactive electronicmarketplace engine for business-to-business (B2B) e-commerce.
Detroit Edison Turns On the Gas Power
While winter continues to grip Michigan, Detroit Edison alreadyis preparing for summer peak electricity demand. The company toldthe Michigan Public Service Commission (MPSC) it has taken a seriesof steps to keep its growing customer base cool during thescorching days of Summer 2000 when demand for electricity isexpected to reach record levels.
Detroit Edison Turns On the Gas Power
While winter continues to grip Michigan, Detroit Edison alreadyis preparing for summer peak electricity demand. The company toldthe Michigan Public Service Commission (MPSC) it has taken a seriesof steps to keep its growing customer base cool during thescorching days of Summer 2000 when demand for electricity isexpected to reach record levels.
Columbia Has Big Plans for Cove Point
Strong and growing interest in LNG importation spurred ColumbiaLNG Corp. to go ahead and buy the other half of the Cove Point LNGLimited Partnership it did not already own from Potomac ElectricPower Co. unregulated subsidiary Potomac Capital Investment Corp.
2000 Swing Market Begins on Slightly Softer Note
Disregarding debate over whether the new millennium has alreadybegun or won’t arrive until nearly a year from now, gas tradersgreeted the year 2000 by sending spot prices moderately lower. Itwas hardly surprising that the January aftermarket would open on adownward trend, a Texas marketer said. “We’ve been wondering whythis market has remained up as much it did. Everything seemsbearish.”
GE Purchases Gas Turbine Maker
GE Power Systems expanded its already-significant turbinemanufacturing force with yesterday’s announced purchase ofWeatherford Global Compression Services’ Gemini division. Financialterms of the acquisition were not disclosed.
BP Amoco Picking Up Rest of ProGas
BP Amoco’s recently established Gas & Power division isbuying the remaining shares of ProGas Ltd. it does not already own.The acquisition will bring the volume of Canadian gas marketed byBP Amoco Gas & Power to 3 Bcf/d and increase its total NorthAmerican sales to 7 Bcf/d.
Tennessee, CNG Join East-Bound Bandwagon
As if its plate weren’t already full, “the market” received another East-bound pipeline project to “sort out” with the announcement of El Paso Energy’s Tennessee Gas Pipeline and Consolidated Natural Gas’ CNG Transmission Atlantic Alliance Project. Atlantic Alliance would transport up to 750,000 Dth/d from the Chicago market center and the Niagara Import Point in upstate New York into eastern markets.
Aquila, UtiliCorp at Share Purchase Impasse
UtiliCorp United wants to buy the rest of Aquila Gas PipelineCorp. it doesn’t already own, but the companies cannot agree on adeal. UtiliCorp currently owns about 82% of Aquila Gas Pipeline’soutstanding common shares.