While nearly all the production-area points held steady withchanges of no more than a penny or two in both directions, it wasdelivered prices in the Northeast, Midwest and California that gavethe cash market a taste of volatility Thursday. Northeast citygatesrepeated as the day’s big losers with declines from about 35-38cents (Transco Zone 6-NYC and Texas Eastern M-3) to more than 50cents (Iroquois Zone 2 and Algonquin citygate) as the regionexperiences a very slow warming trend from its early-week chill.Ranges were very large as prices fell steadily while tradingproceeded, one source said.
Area
Articles from Area
Transportation Notes
Florida Gas Transmission extended a market-area Overage Alert Daynotice (see Daily GPI, Oct. 13) throughWednesday but loosened the tolerance for daily negative imbalancesfrom 5% to 8%.
October 14, 1999
Transportation Notes
Citing high market-area demand, Florida Gas Transmission issuedan Overage Alert Day notice Tuesday for the segment east of Station12 (Santa Rosa County, FL). Daily negative imbalances exceeding atolerance of 5% are subject to penalty. The pipeline will evaluatesystem conditions again this morning before deciding whether toextend the OFO.
October 13, 1999
Transportation Notes
Due to rising market-area demand following the weekend, Florida GasTransmission found it necessary to reinstate Monday an Overage AlertDay notice that it had lifted Friday after a three-day run (see DailyGPI, Oct. 4). The low-linepack OFOcarries 8% tolerance for negative daily imbalances and applies to thesystem east of Station 12 (Santa Rosa County, FL). FGT also continuedto extend maintenance at Sabine Pass Plant/Johnson’s Bayou insouthwestern Louisiana, which was originally scheduled to end May 17,1999, but said late last week it was increasing allowable volumesthrough the facility by another 10 MMcf/d, raising its total capacityto 110 MMcf/d.
October 5, 1999
Transportation Notes
Florida Gas Transmission extended an Overage Alert Day notice forits market area that had begun Tuesday (see Daily GPI, Sept. 29) through Thursday but againloosened the tolerance for negative daily imbalances from 6% to 8%.
October 1, 1999
Transportation Notes
Florida Gas Transmission extended an Overage Alert Day noticefor its market area (see Daily GPI, Sept. 29) through Wednesday butloosened the tolerance for negative imbalances to 6%.
September 30, 1999
Transportation Notes
After warning of its possibility Tuesday, Florida GasTransmission issued an Overage Alert Day notice Wednesday for themarket area east of Station 12 (Santa Rosa County in the FloridaPanhandle). The notice carries a 6% tolerance for daily negativeimbalances. FGT will re-evaluate conditions this morning beforedeciding whether to extend the notice.
September 23, 1999
Transportation Notes
Citing significant market-area demand, Florida Gas Transmissionissued an Overage Alert Day notice Friday for the system east ofStation 12 (Santa Rosa County in the Florida Panhandle). A decisionon whether to extend the OFO was not due until Saturday morning.
September 7, 1999
Transportation Notes
Florida Gas Transmission, citing significant market-area demand,issued an Overage Alert Day notice Tuesday for the system east ofStation 12 (Santa Rosa County in the Florida Panhandle). The noticehas a 6% tolerance for daily negative imbalances. FGT willre-evaluate conditions this morning before deciding whether toextend the OFO through today’s gas day.
August 18, 1999
Industry Briefs
The Chicago Board of Trade (CBOT) closed an hour earlyyesterday, due to a power outage on the western loop area ofCommonwealth Edison’s (ComEd) power supply system. Thomas Donovan,CEO of the CBOT, said the outage was caused by three out of fourtransformers in the West Loop being out of service. ComEd did notreturn phone calls. The outage left 2,300 people in the heart ofChicago without power. Although no gas contracts are traded at theCBOT, the two electricity contracts traded at the exchange wereclosed at 2 p.m. EST. The exchange said its open outcry marketswill open normally today, and its electric trading system, ProjectA, is scheduled to open at 8 a.m. (Chicago time). There was noovernight trading at the CBOT.
August 13, 1999
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