Behavior

FERC last Thursday dismissed a complaint that alleged Texas Gas Transmission engaged in discriminatory and preferential behavior when it awarded transportation capacity to affiliate Gulf South Pipeline earlier this year, and it accused the two pipelines of attempting to manipulate the natural gas market.

FERC Thursday dismissed a complaint brought by a Texas marketer against Texas Gas Transmission that alleged that the pipeline engaged in discriminatory and preferential behavior when it awarded transportation capacity to affiliate Gulf South Pipeline, and it accused the two pipelines of attempting to manipulate the natural gas market.

With big rebounds Monday, prices continued a pattern of mimicking the behavior of the trading days bracketing the Oct. 2-3 weekend. The latest rally had gains in the Gulf Coast and Northeast smaller than those of a week earlier, while advances in the Midcontinent/Midwest and West generally surpassed the ones at the same points on Oct. 4.

In another stunning display of bullish behavior, natural gas futures climbed higher for the third-straight session Friday as traders distanced themselves from bearish supply data released Thursday and focused on an updated forecast for the upcoming hurricane season.

FERC has set an expedited hearing to explore charges of anti-competitive behavior in the gathering activities of affiliated pipelines operating off the coast of Texas.

FERC has set an expedited hearing to explore charges of anti-competitive behavior in the gathering activities of affiliated pipelines operating off the coast of Texas.

What has been bizarre behavior for more than a month turned intooutright insanity Thursday as California’s electricity gridoperator declared a Stage Three power alert and narrowly avertedrolling blackouts for firm customers. State officials had expectedto have to curtail up to 2,000 MW between 5-8 p.m., centered mostlyin northern California. An unprecedented one-third (15,000 MW) ofthe capacity usually available was out of service.

The Southwest Gas merger soap opera took another turn recentlyas Oneok, the former merger partner of Southwest, announced it ispursuing lawsuits against the Arizona Corporation Commission (ACC),the state of Arizona and specific members of the ACC staff fortheir roles in interfering with the merger. Oneok said it iswilling to settle its claims for $85 million.

The Southwest Gas merger soap opera took another turn recentlyas Oneok, the former merger partner of Southwest, announced it ispursuing lawsuits against the Arizona Corporation Commission (ACC),the state of Arizona and specific members of the ACC staff fortheir roles in interfering with the merger. Oneok said it iswilling to settle its claims for $85 million.