Bids

Southern Natual Gas (SNG) is soliciting bids for gas storage and delivery capacity from a proposed natural gas storage cavern that would be constructed by affiliate Petal Gas Storage LLC at the existing Petal storage field in Forrest County, MS. The company plans to have the 5 Bcf salt cavern with 500 MMcf/d of deliverability in service in April 2007.

Anadarko Petroleum Corp. officials offered no comment to rumors that the huge independent may be for sale, but a report Friday in a London publication suggested that Royal Dutch/Shell Group may be considering a $10 billion bid for the company. Shell has played bridesmaid in attempts for the past few years to capture other gas-rich North American independents, but none were as large or as formidable as the world-class producer.

Capacity bids submitted for Wyckoff Gas Storage Project’s recent open season exceeded the 6 Bcf of available Phase I working gas capacity by more than 50%, and the sponsors plan to hold another open season for additional capacity as part of its Phase II expansion. The project is sponsored by Emera Inc. and Falcon Gas Storage subsidiary Greyhawk Gas Storage Co.

Capacity bids submitted for Wyckoff Gas Storage Project’s recent open season exceeded the 6 Bcf of available Phase I working gas capacity by more than 50%, and the sponsors plan to hold another open season for additional capacity as part of its Phase II expansion. The project is sponsored by Emera Inc. and Falcon Gas Storage subsidiary Greyhawk Gas Storage Co.

FERC will hear oral arguments this Wednesday related to bids by Nevada Power Co., Sierra Pacific Power Co. and two other western-based power entities to reform several power contracts they entered into with power suppliers during the height of the 2000-2001 western energy crisis, the Commission said last week.

Union Gas Limited is taking bids through noon EDT Thursday (Sept. 5) for up to 3 Bcf of short-term peak storage service at its Dawn Hub in Ontario over the 2002/2003 winter season. The service is available for the Sept. 6, 2002-March 31, 2003 period. Delivery and receipt points will be at Dawn. See the Union bulletin board for details, or call Mark Bering at (519) 358-4010 for more information.

Reno-based Sierra Pacific Resources last week wrestled with uneasy shareholders who eager to find out what the future holds for Las Vegas-based Nevada Power Co. By Thursday, the holding company for Nevada’s two major private-sector electric utilities named a new president for the utility and vowed to fight pending public sector takeover attempts.

In an online auction scheduled for 11 a.m. CST Monday, Gulf South will accept bids for 5 million dekatherms of Firm Storage Service (FSS) capacity through its web site (www.gulfsouthpl.com, click “Auctions”). The capacity will be available from April 1, 2002 to March 31, 2004. See the bulletin board or call Stacy Franz at (713) 544-5228 for more information.

The Independent Electricity Market Operator (IMO) of Ontario is soliciting bids for a “Multi-Region Natural Gas Infrastructure Study” covering the northeastern United States and Canada. IMO is coordinating the study on behalf of six other entities, including the New York ISO, PJM Interconnection, ISO New England, the Northeast Power Coordinating Council and the North American Electric Reliability Council.