Gas prices didn’t care that Monday marked the official start of1998’s Atlantic hurricane season. What did impress them wasblistering heat in the Gulf Coast producing states of Louisiana andTexas. With more gas than usual being kept at home for airconditioning load, the Midwest and Northeast market areas-thoughconsiderably cooler than Down South-had to pony up a few extracents in competition. The futures screen run-up contributed to thegeneral cash bullishness, sources said.
Area
Articles from Area
Enron, Steel Company in Power Venture
A unit of Enron and the heavily industrialized East SanFrancisco Bay area suburb of Pittsburg, CA, are teaming up with aninternational steel mill to pursue a $250 million, 500-megawattnatural gas-fired merchant power plant. By mid-May, Pittsburg’scity council will decide whether the city should take an interestin the privately financed proposal.
May 4, 1998
NIPSCO Choice Gets Underway Slowly
NIPSCO announced 3,281 out of 50,000 eligible residentialcustomers in the South Bend-Mishawaka-Granger area and 920 out of1,500 eligible commercial and small industrial buyers in thenorthern third of the state of Indiana will begin receiving gasfrom alternative suppliers for the first time starting in April.
March 24, 1998
Tennessee’s Express 500 Project Breaks a Billion
Tennessee Gas Pipeline’s Express 500 Project, which offers firmtransportation through the bottlenecked Gulf of Mexico supply area,won more than 1 Bcf/d of capacity requests from customers duringthe project’s first open season. “We believe that this level ofparticipation demonstrates the need for incremental capacity fromthe Gulf Coast,” said Tennessee President John Somerhalder II.
March 2, 1998
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