Cited

Transportation Notes

After lifting Thursday a System Protection Warning (SPW) that had begun Monday (see Daily GPI, Dec. 14), MRT cited new forecasts of cold weather in saying it will implement another SPW Saturday. It is subject to these conditions: 1) MRT will not schedule any mainline IT or AOR (authorized overrun) volumes for delivery north of Glendale; 2) Firm volumes will be limited to their primary direction of flow; 3) MRT is not accepting short imbalance positions in the market zone; and 4) Shippers may not nominate supply from existing long imbalance positions in the market zone. Saying it has capacity available on the East Line, MRT encouraged shippers who were relying on mainline IT, AOR and/or imbalance volumes to re-source supply to the East Line or reduce applicable delivery volumes in order to avoid OFOs.

December 17, 2004

Transportation Notes

Columbia Gulf cited weather as the reason for a delay in repairs on the 24-inch line between Eugene Island 250 and the Bluewater Header. Weather permitting, repairs are expected to begin Thursday, it said. Seven meters common to Columbia Gulf and Tennessee on the Bluewater system and another four Tennessee-only meters must remain shut in until further notice.

November 18, 2004

Transportation Notes

Columbia Gulf cited weather as the reason for a delay in repairs on the 24-inch line between Eugene Island 250 and the Bluewater Header. Weather permitting, repairs are expected to begin Thursday, it said. Seven meters common to Columbia Gulf and Tennessee on the Bluewater system and another four Tennessee-only meters must remain shut in until further notice.

November 18, 2004

El Paso’s ‘Sizable Liquidity’ Cited in Moody’s Review

Citing “sizable available liquidity,” Moody’s Investors Service on Friday confirmed the debt ratings of El Paso Corp. and its subsidiaries as “stable” and put its speculative grade liquidity rating at SGL-3, which is defined as “adequate.”

November 15, 2004

El Paso’s ‘Sizable Liquidity’ Cited in Moody’s Review

Citing “sizable available liquidity,” Moody’s Investors Service on Friday confirmed the debt ratings of El Paso Corp. and its subsidiaries as “stable” and put its speculative grade liquidity rating at SGL-3, which is defined as “adequate.”

November 15, 2004

El Paso’s ‘Sizable Liquidity’ Cited in Moody’s Review

Citing “sizable available liquidity,” Moody’s Investors Service on Friday confirmed the debt ratings of El Paso Corp. and its subsidiaries as “stable” and put its speculative grade liquidity rating at SGL-3, which is defined as “adequate.”

November 15, 2004

Record Oil Prices Cited in Gas Market Rallies

A major price rally that hadn’t seemed to be in the cards as the week began occurred Tuesday. Sources could see little reason for both cash and screen numbers shooting higher other than crude oil futures touching the $50/bbl level Monday and again Tuesday, with record daily settlements being established each day.

September 29, 2004

Balancing, Cash-Outs Cited in Modest Overall Rally

Post-weekend cash prices leaned chiefly toward the upside in a mixed performance Monday. A few scattered points in the East joined most western markets in mild softening, while the rest of the market ranged from flat to as much as about 30 cents higher in the Northeast. A majority of gains were less than a dime.

August 31, 2004

Heat Pushes Most Points Up; OFOs Soften CA Quotes

Sources cited increasing heat levels, particularly in the Midwest and Northeast, as the primary reason for fairly sizeable price rallies Tuesday at a majority of points. Only California, which was under a double-OFO whammy, saw moderate softening, although its depressant effect on western markets in general resulted in flat quotes for San Juan Basin and a few Rockies points.

June 9, 2004

Southwest Gas Files $27.5M Nevada Rate Increase

Las Vegas-based Southwest Gas Corp. Monday filed with Nevada regulators for a $27.5 million general rate increase. The utility cited its need to “recover increasing operating costs and to change the way its rates are structured” for its natural gas distribution utility operations in the state, the largest of the three-state utility operations it maintains.

March 10, 2004
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