Approves

FERC on Monday gave Natural Gas Pipeline Co. of America (NGPL) the go-ahead to acquire and operate the 39-mile, 30-inch diameter Black Marlin pipeline system that crosses the Texas-Oklahoma border, and to construct minor facilities to tie the line to its system.

Moving toward the finish line, FERC last Wednesday approved five more settlements — with Coral Power, Sempra Energy Trading, Dynegy, Glendale, CA and the Northern California Power Agency — related to its show cause order on gaming or improper partnerships in power trading, bringing the settlement total to 18.

FERC last Wednesday conditionally approved a proposal under which Dynegy Inc. will sell its regulated utility Illinois Power Co. (IP) to Ameren Corp. for $2.3 billion.

Moving toward the finish line, FERC Wednesday approved five more settlements — with Coral Power, Sempra Energy Trading, Dynegy, Glendale, CA and the Northern California Power Agency — related to its show cause order on gaming or improper partnerships in power trading, bringing the settlement total to 18.

Montana’s Public Service Commission (MPSC) has unanimously approved a stipulation and settlement agreement over the pending investigation by the state Consumer Counsel of NorthWestern Energy’s utility operations in the state. The regulators’ action resolves outstanding issues between the South Dakota-based utility holding company and the Montana over the NorthWestern’s proposed Chapter 11 bankruptcy reorganization plan.

FERC has approved the purchase of ChevronTexaco’s 32-mile Mobile Area Gathering System (MAGS) by affiliate Chandeleur Pipe Line Co. for $15.4 million. The commission also has granted Chandeleur a certificate to expand its interstate pipeline capacity to 331,000 Dth/d, which will accommodate additional volumes from ChevronTexaco Natural Gas and Callon Petroleum.

FERC has approved the purchase of ChevronTexaco’s 32-mile Mobile Area Gathering System (MAGS) by affiliate Chandeleur Pipe Line Co. for $15.4 million. The commission also has granted Chandeleur a certificate to expand its interstate pipeline capacity to 331,000 Dth/d, which will accommodate additional volumes from ChevronTexaco Natural Gas and Callon Petroleum.

The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division last week approved National Energy & Gas Transmission Inc.’s (NEGT) plan of reorganization, paving the way for the power generation, marketing and pipeline company to emerge from bankruptcy in the next couple months. The company expects the plan to become effective by the end of May or early June.

The U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division has approved National Energy & Gas Transmission Inc.’s (NEGT) plan of reorganization, paving the way for the power generation, marketing and pipeline company to emerge from bankruptcy in the next couple months. The company expects the plan to become effective by the end of May or early June.