Causing

Volumes and transactions have soared on IntercontinentalExchange (ICE), as Enron’s financial troubles have mounted causing credit concerns for counterparties on its online trading system, EnronOnline. ICE reported record volumes in the second week of November.

Volumes and transactions have soared on IntercontinentalExchange (ICE), as Enron’s financial troubles have mounted causing credit concerns for counterparties on its online trading system, EnronOnline. ICE reported record volumes last week in its strongest weekly performance in its 13-month history.

The emergence of online exchanges in both energy commodities and other products has enabled energy companies to shift to an environment where suppliers can expand their reach and receive a wider comparison selection when they make business decisions. A report by Energy Info Source, “Online Exchanges in the Energy Industry,” examines an evaluation of the challenges and the drivers impacting energy e-commerce.

A “quadrilemma” within Mexico’s natural gas and electricity sectors is causing almost overwhelming obstacles in its natural gas and electricity sectors, which are going to take time and private investment to overcome, according to one of the country’s energy commissioners.

PG&E Gas Transmission-Northwest said scheduled Station 3 maintenance (see Daily GPI, April 23) is causing a greater restriction than anticipated. Starting with Thursday’s Intra-day 1 cycle and effective until further notice, Kingsgate capacity was further limited to 2,220 MMcf/d.

With reserves dropping due mostly to in-state transmissionproblems causing potential shortfalls centered in the northern halfof the state, California’s state-chartered independent systemoperator (Cal-ISO) went after emergency supplies Tuesday byinvoking the federal order issued by DOE Secretary Bill Richardsonlast week as California faced the prospect of rolling blackoutsbecause it reserves dipped below 1.5% at one point (Dec. 13).

A Nova Gas Transmission 12-inch-diameter gathering line explodedSept. 2, causing a fire that injured a pipeline employee. Theemployee was treated and released. The rupture, which occurred onthe northwestern part of Nova’s Alberta pipeline system about 60miles north of Fairview, AB also forced the curtailment of about 50MMcf/d of gas.

The #1 compressor at Roswell (NM) Station became unavailableFriday due to a bearing failure, causing a 30 MMcf/d reduction inSan Juan Crossover capacity, El Paso said. Repairs were expected tohave been completed Saturday.

A Nova Gas Transmission 12-inch-diameter gathering line explodedover the weekend, causing a fire that injured a pipeline employee.The employee was treated and released. The rupture, which occurredon the northwestern part of Nova’s Alberta pipeline system about 60miles north of Fairview, also forced the curtailment of about 50MMcf/d of gas.