Clearing

FERC on Friday issued a certificate to Northern Natural Gas clearing the way for it to provide a total of 6 Bcf of additional firm delivery service for customers served by its storage fields in Iowa and Kansas.

FERC has approved a temporary tariff waiver clearing the way for Stingray Pipeline Co. to deliver natural gas production that has been shut in off the coast of Louisiana since Hurricane Rita struck last month.

FERC on Friday approved a temporary tariff waiver clearing the way for Stingray Pipeline Co. to deliver natural gas production that has been shut in off the coast of Louisiana since Hurricane Rita struck last month.

FERC last Thursday issued a letter order clearing the way for Merrill Lynch Commodities to buy the energy trading operations of Entergy-Koch LP., a joint venture of Entergy Corp. and Koch Industries Inc., a deal first unveiled last month (see NGI, Sept. 6).

FERC on Thursday issued a letter order clearing the way for Merrill Lynch Commodities to buy the energy trading operations of Entergy-Koch LP., a joint venture of Entergy Corp. and Koch Industries Inc., a deal first unveiled last month (see Daily GPI, Sept. 3).

September ended up being a whopper of a month for energy trading and clearing on IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex). Both exchanges have reported volume records in a variety of products.

As a third quarter rarity in the energy industry showing increased profits and a stable stock price, Bellevue, WA-based Puget Energy executives said last week they see 2003 as a chance to shake off two industry albatrosses — depressed wholesale power prices and a “dark cloud” of uncertainty hovering over western energy companies from the pending federal investigations of alleged trading and price manipulation in the wholesale market.

Clearing an important milestone in its plans to acquire Westcoast Energy, Duke Energy announced it had received approval from the British Columbia Utilities Commission (BCUC) to acquire indirect control of the public utilities owned wholly or in part by Westcoast and regulated by the BCUC.

EnergyClear Corp., the first industry-sponsored over-the-counter (OTC) energy derivatives clearinghouse, has been approved for registration as a derivatives clearing organization (DCO) by the Commodity Futures Trading Commission. The registration as a DCO allows the Houston-based company to offer multilateral clearance and settlement of OTC energy trades, initially in the electricity and natural gas markets.