Available

Algonquin joined upstream affiliate Texas Eastern in advising customers that due-shipper imbalance gas will not be available until further notice (see Daily GPI, Nov. 27). However, unlike Texas Eastern’s restriction on interruptible deliveries, Algonquin said Wednesday it “is not issuing any system restrictions at this time.”

After historically having about one-third of its fuel supplies available right in its own backyard from local production, the port city of Long Beach, CA Tuesday went into the market for up to 10 Bcf of supplies for between one and five years to serve this city of nearly half a million 25 miles southeast of downtown Los Angeles.

After historically having about one-third of its fuel supplies available right in its own backyard from local production, the port city of Long Beach, CA Tuesday went into the market for up to 10 Bcf of supplies for between one and five years to serve this city of nearly half a million 25 miles southeast of downtown Los Angeles.

NewPower Holdings Inc., in a filing last week with the Securities and Exchange Commission (SEC), indicated that its auditors will state in the company’s annual report that there is a substantial doubt about the company’s ability to continue as a going concern. The auditors’ concern about NewPower’s viability was included in a filing notifying the SEC that it wouldn’t be able to file its annual report on time.

The cash market again seemingly defied some of the laws of economic gravity Tuesday by rising about 20 cents or more at most points. And once again several traders were baffled at the continuing price strength in the face of pitifully few visible means of physical support.

The National Energy Board (NEB) gave preliminary approval to TransCanada PipeLines Ltd.’s application for 2001/2002 tolls and tariff issues and the Mainline Service and Pricing Settlement. TransCanada is currently on interim tolls, which provide C$1.13/gigajoule for the Eastern Zone, and those tolls will remain in effect pending a final decision, said the board. The NEB also approved Maritimes & Northeast Pipeline Management Ltd.’s (M&NP) Toll Settlement Compliance Filing for final tolls effective Oct. 1, 2000 to Dec. 31, 2002, noting that the Settlement Compliance Filing (SCF) reflects tolls that are “just and reasonable” and therefore, require no more work.

Bangor Gas Co. announced the completion of the first phase of its backbone distribution system in Maine with gas service available to a limited number of residents and commercial businesses in the cities of Bangor and Brewer. Bangor Gas completed the installation of 225,000 feet of pipeline in Bangor and Brewer as the company continues to build out its distribution system, which already included 187,000 feet of pipeline operating in Veazie, Orono and Old Town. Bangor Gas began supplying gas from the Maritimes & Northeast Pipeline to its first residential, commercial and industrial customers in December 2000.

Cantor Fitzgerald L.P. announced Wednesday it was making grief counseling services available for surviving employees and the families of employees, including those of affiliates eSpeed and TradeSpark, who had been working on floors 101 to 105 of the World Trade Center.

The Iowa Utilities Board has begun an emergency investigation tostudy the adequacy of payment options available to natural gascustomers following the record-high energy bills this winter. Theboard is holding a workshop today in Des Moines, and has invitedall regulated natural gas utilities serving the state toparticipate.