Blessing

The U.S. Department of Transportation has given its blessing to a second proposed deepwater liquefied natural gas (LNG) port, which would be located about 116 miles south of New Orleans. Once operational, the floating terminal would be capable of delivering more than 500 MMcf/d into a pipeline network for onshore delivery.

The U.S. Department of Transportation has given its blessing to a second proposed deepwater liquefied natural gas (LNG) port, which would be located about 116 miles south of New Orleans. Once operational, the floating terminal would be capable of delivering more than 500 MMcf/d into a pipeline network for onshore delivery.

High commodity prices have been a blessing for EOG Resources,which posted record results during the third quarter after itsfirst full year after being separated from Enron Corp. EOG,formerly Enron Oil and Gas, posted a 250% increase in third quarternet income to $113.7 million, or $0.98 per share, compared to $32.5million, or $0.27 per share, for the comparable period a year ago.

High commodity prices have been a blessing for EOG Resources,which posted record results during the third quarter after itsfirst full year after being separated from Enron Corp. EOG,formerly Enron Oil and Gas, posted a 250% increase in third quarternet income to $113.7 million, or $0.98 per share, compared to $32.5million, or $0.27 per share, for the comparable period a year ago.

The Public Service Commission of West Virginia (PSC) gave itsblessing yesterday to the proposed purchase of UtiliCorp United’s WestVirginia Power division by Allegheny Power, the energy deliverycompany of Allegheny Energy Inc. The $75 million purchase wasannounced last September (see Daily GPI, Sept. 10).Before completion, the Security and ExchangeCommission still must give its approval. Allegheny expects this to bedone later this month. The purchase has already received the go-aheadfrom the Federal Energy Regulatory Commission and the Federal TradeCommission.

FERC yesterday approved the mergers of Illinova Corp. and DynegyInc. and Dominion Resources Inc. and Consolidated Natural Gas(CNG). But it placed conditions on its blessing of the lattermerger transaction, citing competitive concerns.

Southwest Gas of Las Vegas and Oneok Inc. of Tulsa, OK, received the blessing of Nevada’s Consumer Advocate and a Nevada state legislator for their proposed merger.

Southwest Gas of Las Vegas and Oneok Inc. of Tulsa, OK receivedthe blessing of Nevada’s Consumer Advocate and a Nevada statelegislator for their proposed merger.

Mississippi Canyon Gas Pipeline last week won FERC’s blessingfor a firm capacity expansion to 800 MMcf/d from 600 MMcf/d.Mississippi Canyon — formerly Shell Gas Pipeline — operates a45-mile dual-phase line from the West Delta Block 143 “A” platformon the Outer Continental Shelf offshore Louisiana to terminus nearthe Venice Gas Plant in Plaquemines Parish onshore in Louisiana.The capacity increase is to come from establishing maximum receiptand delivery point pressures and installation of additionalmetering facilities on the pipeline’s existing system at the Veniceplant delivery point.