Wisconsin Energy Corp.’s proposal to build and rebuild powerplants in the state was a little less certain at the end of lastweek after the company threatened to pull the plug on its $6billion proposal if it is not allowed to spin off its power plantsinto an unregulated subsidiary.
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Wisconsin Energy Threatens to Unplug
Wisconsin Energy Corp.’s proposal to build and rebuild powerplants in the state is a little less certain today after thecompany threatened to pull the plug on its $6 billion proposal ifit is not allowed to spin off its power plants into an unregulatedsubsidiary.
Swing Prices Fall; Cal Border Basis Soars Above 600
It’s virtually certain that the Southern California border indexfor December will be record-setting. It had seemed likely when atrader reported physical border basis at plus 490 last Wednesday (seeDaily GPI, Nov. 27). But things werejust getting started then. The border basis bid-ask spread reachedplus 640-650 on a popular electronic trading service Monday, said awestern source.
MMS Offers 25 MMcf/d MOPS Royalty Gas
The Minerals Management Service (MMS) is soliciting bids forabout 25 MMcf/d or its royalty share of gas produced from certainoffshore leases in the Matagorda Island Offshore Operating System(MOPS). Bids are due by July 24 at 1 p.m. ET and the winner will bechosen within the following 24 hours.
MMS Offers 25 MMcf/d MOPS Royalty Gas
The Minerals Management Service (MMS) is soliciting bids forabout 25 MMcf/d or its royalty share of gas produced from certainoffshore leases in the Matagorda Island Offshore Operating System(MOPS). Bids are due by July 24 at 1 p.m. ET and the winner will bechosen within the following 24 hours.
Prices Keep Rising, But Staying Power Doubts Surface
Cash quotes continued to rise Wednesday in both swing deals fortoday and in what little bit of bidweek business remained to bedone. However, doubt was growing about how much longer theunprecedented recent price strength can be maintained after futuresreacted negatively to a storage report for the first time in morethan a month.
Meridian to Sell 20% of Its Production
Meridian Resource Corp. announced last week its intentions tosell certain non-strategic oil and gas properties located in SouthLouisiana, Southeast Texas and offshore Louisiana.
Dynegy Deals East Texas Midstream Assets
Dynegy Inc. announced yesterday definitive agreements to sellcertain east Texas natural gas gathering, treating and processingfacilities, owned and operated by its wholly owned subsidiary,Dynegy Midstream Services LP, to an independent midstreamprocessing company. The closing of the sale is expected to occurprior to year-end. Neither the identity of the buyer nor the saleprice was disclosed.
Certificate Policy Statement Takes a Few Blows
The new policy statement on pipeline certification, which callsfor incremental pricing of projects filed past a certain deadline,came under fire at FERC last week from a cross-section of interestsin the natural gas industry.
Georgia PSC Taking More Aggressive Approach to Competition
Concerned that a threshold number of Atlanta Gas Light (AGL)customers in certain warmer regions of Georgia may not switch toalternative suppliers by the next winter heating season, theGeorgia Public Service Commission is taking action to changeGeorgia’s gas competition law, SB 216, to get AGL out of themerchant function possibly by next fall.