Avista Energy, Avista Corp.’s trading and marketing affiliate,has decided to head west to find its fortune. The unit announced achange of corporate direction yesterday and will now embark on awestern-region based energy marketing and trading effort, asopposed to its former national focus.
Change
Articles from Change
Properties Change Hands in Lawsuit’s Wake
McMoRan (MMR) Exploration Co., Phosphate Resource PartnersLimited Partnership (PLP) and its administrative managing generalpartner IMC Global Inc. (IGL) said PLP and IGL have resolved anddismissed with prejudice their lawsuit against MMR and four formerdirectors of Freeport-McMoRan Inc.
New NOAA Forecast Shows Another Abnormal Winter Ahead
What are the chances that the U.S. would experience yet anotherwarmer-than-normal winter after just having two in a row?Apparently they’re pretty good right now, according to a new winterweather forecast released last week by the National Oceanic andAtmospheric Administration. One thing is certain: the La Ninatropical Pacific sea temperature event, which is expected toinfluence this winter’s weather, will throw a monkey wrench intoregional weather forecasting models.
Kinder Accepts $1 Salary in ‘Back to Basics’ Plan
Among the more notable sacrifices being made to get KN Energy”out of the ditch” and back down the highway are the decisions byRichard Kinder and William Morgan to work for annual salaries of $1with no bonuses. They will become the two largest shareholders ofthe new company once the merger of Kinder Morgan and KN Energy iscompleted. They also will be the top two executives.
Screen Takes a Dive, and Cash Tries to Catch Up
How quickly the market can change! Just two days after finishinga bidweek that saw indexes climb 30 cents or more, traders tookcash prices down Thursday to levels looking much more like Augustindexes than those of September. It was a rare point that managedto avoid a double-digit decline, and some registered drops of 20cents or more.
Customers Blast Change to FERC Complaint Process
A broad coalition of gas and electric trade groups has askedFERC to reconsider a July rehearing decision that prompted it topurge any reference to immediate relief from its final rule oncomplaint procedures.
Transportation Notes
Pacific Gas & Electric continued a low-inventory OFO begunWednesday (see Daily GPI, Aug. 25)through today with no change in imbalance tolerance orpenalties. PG&E extended a projection of below-target linepacklevels through Saturday.
Transportation Notes
NOVA returned to its normal +10/-10% tolerance range for dailyimbalances Friday after having changed the range to +2/-18%Wednesday. The two-day change was made in order to reduce linepackto target levels, which was necessary before proceeding withmaintenance on Schrader Creek Compressor Station, NOVA said.
Palmetto Put on Hold as CP&L Examines Power Needs
A change in the timing and location of North Carolina’s powergeneration needs has forced Carolina Power & Light (CP&L)and Southern Natural Gas Co. to put a hold on their PalmettoInterstate Pipeline and consider other pipeline alternatives. Thecompanies said last week they have suspended ongoing routeselection and survey activities for Palmetto and are analyzing twocompeting pipeline projects.
Palmetto Put on Hold as CP&L Examines Power Needs
A change in the timing and location of North Carolina’s powergeneration needs has forced Carolina Power & Light (CP&L)and Southern Natural Gas Co. to put a hold on their PalmettoInterstate Pipeline and consider other pipeline alternatives. Thecompanies said yesterday they have suspended ongoing routeselection and survey activities for Palmetto and are analyzing twocompeting pipeline projects.