A capacity segmentation tariff filing by El Paso Natural Gas is”yet one more stonewalling attempt on El Paso’s part to avoidcompliance with [FERC] rules and regulations,” Indicated Shipperstold the Commission last week.
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El Paso Capacity Segmentation Plan Under Fire
A capacity segmentation tariff filing by El Paso Natural Gas is”yet one more stonewalling attempt on El Paso’s part to avoidcompliance with [FERC] rules and regulations,” Indicated Shipperstold the Commission this week.
PSE Avoids Municipal Takeover in Washington
Puget Sound Energy managed to work out a deal last week to avoida municipal takeover of its service to 8,800 businesses andresidents in Lakewood, WA. Instead, the Lakewood City Council,which had considered a costly condemnation and purchase of PSE’spower distribution system last spring, voted unanimously to workcollaboratively with the utility to improve service for electricitycustomers.
Only Northern California Points Avoid Price Dives
Nearly all of Thursday’s cash market experienced the steep pricedeclines that had been anticipated after the screen reactedbearishly to AGA’s Wednesday afternoon storage report.
Energy Buyers: Outsourcing Continues to Grow
A panel of energy buyers at GasMart/Power 2000 agreedoutsourcing energy management is still on the upswing as end usersstrive to avoid complexity and save money.
Prices Can’t Avoid Weekend Softness a Third Time
The third time was not the charm. After avoiding the usualsoftness associated with lower weekend demand for two weeks in arow, prices finally bowed to the inevitable Friday and dropped bysmall amounts of a nickel or less nearly across the board.
Study Finds Mistakes Marketers Should Avoid
Prosper Business Development Corp., a Columbus, OH-basedconsulting and marketing firm, released an addendum to a previousreport on deregulating energy markets yesterday, citing a new listof pitfalls in the changing energy environment. The report,”Accelerating Energy’s Challenge to Change,” is intended to enhanceenergy marketers’ profitability as they enter deregulating markets.
Heat Helps Market Avoid Usual Weekend Slump
Cash prices ignored a falling screen and the usual lower gasdemand of a weekend, instead using growing heat in the Northeastand Midwest to fashion an overall flat market Friday. The East hadmore of the mild firmness while small declines tended to clustermore in the West. That was best illustrated by the day’s extremes:increases of more than a nickel for citygates in the hot and humidNortheast, as opposed to a drop of a nickel at the PG&Ecitygate, where the utility had a high-inventory OFO in effect (seeTransportation Notes).
Coastal Avoids Slump, Posts 11% Earnings Growth
During the first quarter, Coastal Corp. continued to avoid themarket slump that has plagued the producing community, posting an11% increase in earnings to $134.5 million, or 62 cents per share,which was slightly better than the 60 cents/share that Wall Streetexpected. In 1Q98, the company earned $122.9 million, or 55 centsper share, but booked a $1.9 million loss related to an asset sale.
Paladin: Avoid Common Marketing Mistakes
Marketers hoping to capitalize on the deregulating energymarketplace would be wise to examine the strategies used in otherderegulated businesses, according to a paper by The Paladin Group.Paladin said energy marketers could fail by repeating mistakes ofthe past.