Bids

Kern River Gas Transmission Co. reported last week that it was soliciting bids from natural gas shippers seeking to replace some or all of their long-term, firm transportation service with primary firm delivery point entitlements at Kern River’s Wheeler Ridge delivery point to Southern California Gas Co. (SoCalGas) with primary delivery point entitlements at a proposed Kramer Junction interconnect with SoCalGas.

Kern River Gas Transmission Co. reported last week that it was soliciting bids from natural gas shippers seeking to replace some or all of their long-term, firm transportation service with primary firm delivery point entitlements at Kern River’s Wheeler Ridge delivery point to Southern California Gas Co. (SoCalGas) with primary delivery point entitlements at a proposed Kramer Junction interconnect with SoCalGas.

Seeking to flesh out several key points of a sweeping market monitoring and mitigation plan for California’s ailing energy markets, FERC recently said that it expects California’s Independent System Operator (Cal-ISO) to ensure the presence of a creditworthy buyer for all transactions made with any generator that offers power in compliance with a must-offer requirement included in the monitoring and mitigation plan.

Union Gas Ltd. is taking bids through 1 p.m. ET Thursday on between 1 and 2 Bcf of Peak Storage service at its Dawn market hub. Capacity awards will be made within half an hour later, and injections may begin Friday. Winter 2001-02 withdrawals will be on an interruptible basis. Call Mike Morrison at (519) 436-5352 for more information.

Here’s the opening line by the Texas Chamber of Commerce in anybids to lure West Coast business: by this summer, the completionand continued construction of new generation plants in Texas willcreate an electricity supply about 23% higher than peak firmdemand.

Here’s the opening line by the Texas Chamber of Commerce in anybids to lure West Coast business: by this summer, the completionand continued construction of new generation plants in Texas willcreate an electricity supply about 23% higher than peak demand.

A bankruptcy judge in Atlanta, GA, put the proceedings againstTitan Energy on hold yesterday after the gas marketer notified thecourt that AES Power Direct, a retail power provider, had made anoffer to purchase its assets.

Dallas-based TXU has begun soliciting bids to sell about 250miles of a remote intrastate pipeline and distribution system inTexas in an effort to prune down some of its less critical assets.The system, inherited by TXU when then-Texas Utilities merged withLone Star Gas parent Enserch in 1997, runs through the West TexasPanhandle area, through an unincorporated region covering eightcounties. TXU’s Carol Peters said the company already has gotteninquiries about the short pipeline. “The sale is part of a trimmingdown process,” Peters said. “The company found that the pipelinewas not strategic to its critical assets in TXU’s long-term plan toremain competitive in the energy industry.” Peters said she did notknow if any other pipelines in the state would be sold, but saidreviews were an “ongoing process,” with TXU constantly reviewingall of its assets to ensure they contribute to earnings. “We alwayswant to make sure that all of our assets fit with where we’re goingas a company.” Most of the pipeline system consists of 12- and10-inch mainlines and smaller distribution lines through Coke,Coleman, Concho, Edwards, Runnels, Schleicher, Sutton and Tom Greencounties in the San Angelo area. TXU operates two natural gaspipeline systems across the state, consisting of TXU Lone StarPipeline, TXU Fuel Co. and TXU Processing Co. TXU Lone Star is theTexas intrastate pipeline that connects three major Texas marketcenters at Waha, Carthage and Katy. The pipeline system expected togo up for sale does not overlap with any of TXU’s electric serviceterritory in Texas.

Ranger Oil Ltd.’s board of directors announced last week thatafter almost three months of unacceptable bids it’s ready to make arecommendation to its shareholders to sell all outstanding sharesto another Calgary-based producer, Canadian Natural Resources Ltd(CNRL).