Existing shippers on Transcontinental Gas Pipe Line haveshredded the pipeline company’s $529 million MarketLink expansionproject, saying it should be rejected by the Commission, or Transcoshould be put at risk for the cost. The project would add 154 milesof pipeline looping and 62,400 hp of compression along Transco’sLeidy Line, which extends from the Leidy hub in westernPennsylvania to New York City.
Articles from Company
Amoco Swaps WY Properties With Snyder
Amoco Corp. and Snyder Oil Corp. traded interests in Wyomingproperties to help each company focus its gas operations in theGreen River Basin. Amoco acquired Snyder’s interest in asubstantial portion of the Jonah field in Sublette and Sweetwatercounties. In exchange, Amoco gave Snyder 75% of its interest in theBeaver Creek Unit in Fremont County, WY. Amoco retained 25%interest in Beaver Creek. The deal involved property only.
NGC, Texaco To Combine Liquids Pipelines
NGC Corp. and Texaco signed a memorandum of understandingyesterday to create a new joint venture company that will useexisting gas liquids pipelines to create a 290-mile, bi-directionalnatural gas liquids (NGL) transportation system, extending fromSorrento, LA, to Mont Belvieu, TX.
Court Vacates FERC Orders on Mandatory Bypass
The Federal Energy Regulatory Commission’s authority formandatory pipeline bypass of a distribution company is up for grabsagain as a result of an Eleventh Circuit court decision lastThursday in the long-running Arcadian case (Atlanta Gas Light et alv. FERC 92-9121).
PG&E Begins Second Power Plant Auction
Pacific Gas and Electric started its second auction of electricgenerating plants in Northern California, placing four gas-firedpower plants and the company’s geothermal facilities on the blockthis week. The auctions are in support of California’s move towardfull competition in the energy utility industry.
Williams Completes Mapco Deal
The Williams Companies completed the acquisition of Mapco Inc.shifting the bulk of the company’s assets into an unregulatedbusiness environment.
NGC: FERC Punishment Doesn’t Fit Crime
A leading gas marketer last week decried FERC’s reprimand ofNatural Gas Pipeline Company of America (NGPL) formarketing-affiliate improprieties as being far too light. The minoradmonishment, according to Natural Gas Clearinghouse (NGC), failedto provide adequate redress to the overall market, and producersand marketers victimized by the Midwest pipeline’s wrongdoing.