Building

Tengasco, Inc. subsidiary Tengasco Pipeline Corp. signed afranchise agreement with the Powell Valley Utility District toinstall and operate a new gas utility service to residential,commercial and industrial users in Hancock County, TN.

Building on a partnership forged last September with theIllinois Chamber of Commerce, MidAmerican Energy announced a dualoffer to customers in Nicor Gas’ customer choice pilot program andCommonwealth Edison’s electric pilot program yesterday.

In an attempt to decide between buying third-party capacity orbuilding the facilities to generate the capacity itself, FloridaPower Corp. issued an RFP yesterday, seeking bids from companiesinterested in generating 530 MW for the electric company beginningin Nov. 2003.

Building on Monday’s gains, natural gas futures inched higheryesterday as bulls received a boost from strength in the nearbycash market. After thwarting an early sell-off, buyers weresuccessful in bidding the February contract up 4.4 cents to closeat $2.26. That made it four for four trading sessions in which theprompt month has posted higher highs and higher lows.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.

Mid Louisiana Gas Transmission Co. (MLGT), a wholly ownedsubsidiary of Midcoast Energy Resources Inc., made a gas processingagreement with Exxon Company USA and plans to construct a newpipeline to supply up to 80 MMcf/d of gas to the Exxon Baton RougeGas Plant. MLGT will construct an eight-mile 14-inch pipeline forabout $3.5 million. The pipeline will connect the inlet of theBaton Rouge plant with the Florida Gas Transmission Co. Chacahoulalateral. Exxon has agreed to make available 80 MMcf/d of gas plantcapacity to process gas supplied by MLGT and Exxon through MLGT’snew pipeline. The new system will also interconnect with anexisting MLGT pipeline at the outlet of the plant. MLGT plans tobegin initial deliveries before year-end.

Williams’ Northwest Pipeline and BC Hydro have announced a jointventure to study the feasibility of building an 85-mileinternational pipeline extension from Sumas, WA, to VancouverIsland, BC, to serve two proposed new cogeneration plants on theisland. It would be a three-year, $120 million project to transportabout 100 MMcf/d for the cogeneration plants and additionalindustrial loads on both sides of the international border.

Williams’ Northwest Pipeline and BC Hydro have announced a jointventure to study the feasibility of building an 85-mileinternational pipeline extension from Sumas, WA, to VancouverIsland, BC, to serve two proposed new cogeneration plants on theisland. It would be a three-year, $120 million project to transportabout 100 MMcf/d for the cogeneration plants and additionalindustrial loads on both sides of the international border.