America

Producers and marketers say Natural Gas Pipeline Co. of America(NGPL) conducted a capacity auction earlier this month in anillegal manner, and now are looking to FERC to overturn the resultsof the auction and to prevent the re-occurrence of the allegedviolations in the future.

Producers and marketers have accused Natural Gas Pipeline Co. ofAmerica (NGPL) of conducting its capacity auctions in an illegalmanner and are looking to FERC to overturn the results of a recentauction and to prevent the re-occurrence of the alleged violationsin the future.

A power generation partnership formed last week by CinergyCapital & Trading and Duke Energy North America LLC (DENA)marks Cinergy’s first step toward mending the hole in its defensesagainst huge summer power demand peaks. The two companies areteaming up to build three gas-fired power plants with 1,400 MW ofgenerating capacity.

A power generation partnership formed yesterday by CinergyCapital & Trading and Duke Energy North America LLC (DENA)marks Cinergy’s first step toward mending the hole in its defensesagainst huge summer power demand peaks. The two companies areteaming up to build three gas-fired power plants with 1,400 MW ofgenerating capacity.

If there were any market bears at the 55th annual meeting of theInterstate Natural Gas Association of America, they must have beenscared into the closet by Curt Launer, vice president of theresearch department at Donaldson, Lufkin & Jenrette, and TomasA. Petrie, CEO of Petrie Parkman. Petrie sees $30/bbl oil and$3/Mcf or higher natural gas in the near future.

Outsourcing of pipes and wires energy delivery lines of businessin North America will increase significantly over the next fouryears, according to a study conducted by META Group’s EnergyInformation Strategies (EIS).

Peoples Energy Corp. and Enron North America Corp. (ENA), asubsidiary of Enron Corp., are partnering to target the Chicagoenergy market. Enron and Peoples plan to form a joint entity toexpand and enhance Peoples’ existing gas market hub and providemarketing services to the 1.1 Tcf Chicago marketplace. The newentity will optimize 10 to 20 Bcf/year of Chicago area storagecapacity and related transportation and will provide physical andfinancial product and service offerings, such as balancing,storage, exchange, and title tracking for hub customers.

KN Energy’s once under-subscribed Natural Gas Pipeline ofAmerica (NGPL), won its second major capacity subscription of theweek yesterday as it agreed to continue providing Nicor Gas, parentof Northern Illinois Gas Co., with gas transportation and bothnominated and delivered storage services for the next three years.No financial terms of the contract were disclosed. The renewalbecomes effective April 1.

Mitsubishi Motors Manufacturing of America (MMMA) announced itentered into a multi-year agreement with Duke Energy’sDukeSolutions Inc. last week to manage energy service forMitsubishi’s two-million-square-foot manufacturing plant in Normal,IL. Over the contract term, DukeSolutions will support up to $30million of energy expenditures for MMMA.