Company

Parties will meet in an Atlanta courtroom today to decide whichcompany will win the right to supply the 50,000 customers of gasmarketerTitan Energy of Georgia, which filed for Chapter 11 overthe Fourth of July weekend. Titan became the second marketer toseek bankruptcy protection in Georgia in less than a year.

NSTAR, the parent company of Boston Edison, CommonwealthElectric, Cambridge Electric and Commonwealth Gas, has requestedthat the Federal Energy Regulatory Commission impose a price cap of$1,000/MWh on the New England wholesale power market to protectelectricity consumers from potential surges in prices during peakperiods this summer (see Docket No. EL00-83).

The Department of Energy (DOE) announced last week it will funda Billings, MT, company’s proposal to further refine and test acoal-based filtering product that could remove the impurities inthe water produced by stripper gas wells, thereby greatly reducingwaste-water disposal costs for producers and royalty owners. In theend, the DOE believes the product has the potential tosignificantly prolong the life of the thousands of stripper gaswells in the United States.

The Department of Energy (DOE) announced it will fund aBillings, MT, company’s proposal to further refine and test acoal-based filtering product that could remove the impurities inthe water produced by stripper gas wells, thereby greatly reducingwaste-water disposal costs for producers and royalty owners. In theend, the DOE believes the product has the potential tosignificantly prolong the life of the thousands of stripper gaswells in the United States.

NSTAR, the parent company of Boston Edison, CommonwealthElectric, Cambridge Electric and Commonwealth Gas, has requestedthat the Federal Energy Regulatory Commission impose a price cap of$1,000/MWh on the New England power market to protect electricityconsumers from potential surges in electricity prices.

Natural Gas Pipeline Company of America (NGPL) is seeking agreen light to sell off 110 miles of offshore supply laterals andcertain abandoned, retired facilities in the Gulf of Mexico toGreen Canyon Pipe Line Co. LLC for an estimated $1.3 million.

Natural Gas Pipeline Company of America (NGPL) is seeking agreen light to sell off 110 miles of offshore supply laterals andcertain abandoned, retired facilities in the Gulf of Mexico toGreen Canyon Pipe Line Co. LLC for an estimated $1.3 million.

The chairman and CEO of Houston-based Cabot Oil & Gas Corp.yesterday said his company had added “credibility to our southLouisiana exploration effort” by successfully completing its firstoperated exploration well on the Continental Land & Fur(CL&F) acreage in Terrebonne Parish, LA. Ray Seegmiller praisedthe success of the well, located on Cabot’s Augen prospect. TheCL&F No. 58-2 well drilled to a total depth of 13,100 feet andcompleted in 63 net feet of Bourg Sand. “We knew when we started2000 our drilling program in the Gulf Coast had significantpotential as evidenced by this most recent discovery,” Seegmillersaid.

An independent producer has accused Natural Gas Pipeline Companyof America (NGPL) and a number of now-former affiliate companies ofconcocting and carrying out an elaborate scheme that enabled thepipeline to collect fees for gathering that were above the rateallowed by its tariff.