Complete

FERC Re-Opens Affiliate Abuse Case Against El Paso

Yielding to pressure from all sides, FERC last week did a complete about-face and set for hearing the allegations that El Paso Natural Gas rigged the bidding process for a large block of transportation capacity on its system to favor its merchant-power generation facilities. The decision was a major win for California parties and a disappointing setback for El Paso pipeline and its affiliates.

June 18, 2001

Brownell Joins FERC to Complete Commission

Former Pennsylvania regulator Nora Mead Brownell was sworn in as a FERC commissioner last Tuesday, filling out the ranks of the five-member federal agency. Brownell attended Wednesday’s regular open FERC meeting, but did not vote.

June 18, 2001

Brownell Joins FERC to Complete Commission

Former Pennsylvania regulator Nora Mead Brownell was sworn in as a FERC commissioner yesterday, filling out the ranks of the five-member federal agency. Brownell will be attending today’s regular open FERC meeting, although she has said she will not be voting.

June 13, 2001

FERC Re-Opens Affiliate Abuse Case Against El Paso

FERC yesterday did a complete about-face and set for hearing the allegations that El Paso Natural Gas rigged the bidding process for transportation capacity on its system to favor its merchant-power generation facilities. The decision was a major win for California parties and a disappointing setback for El Paso pipeline and its affiliates.

June 12, 2001

Westcoast Awards 250 MMcf/d in Open Season

Vancouver-based Westcoast Energy Inc. reported last week that its recent open season on its Southern Mainline was a complete success. In addition to fully subscribing the 200 MMcf/d open season for additional transportation capacity on its Southern Mainline, the company announced that it awarded 50 MMcf/d of additional transportation capacity on its Westcoast Alberta line.

June 11, 2001

Demand Drop Pushes Rockies Prices Down to low-$1s

The complete lack of demand and flood of supply on the market last week left many considering a return to historical price levels, particularly in the Rockies on Friday where prices dropped to near $1. The $5-$6 dollar crash in prices at the Southern California border into SoCalGas last week including a $2 tumble on Friday and the recent declines in western power prices were enough to prompt California Governor Gray Davis to declare the “war” on energy prices officially “won.”

June 11, 2001

Prices Crash on Light Demand, High Storage

The complete lack of demand and flood of supply on the market late last week left many considering the possibility of a return to historical price levels, particularly in the Rockies where prices Friday dropped to near $1. The $5-$6 dollar crash in prices at the Southern California border into SoCalGas and the recent declines in western power prices were enough to prompt California Governor Gray Davis to declare the “war” on energy prices officially “won.”

June 11, 2001

Westcoast Awards 250 MMcf/d in Open Season

Vancouver-based Westcoast Energy Inc. reported Monday that its recent open season on its Southern Mainline was a complete success. In addition to fully subscribing the 200 MMcf/d open season for additional transportation capacity on its Southern Mainline, the company announced that it awarded 50 MMcf/d of additional transportation capacity on its Westcoast Alberta line.

June 5, 2001

DTE Energy, MCN Energy Complete Merger

Positioning itself to become a major regional energy player, DTE Energy last Thursday announced the closing of its approximately $3.9 billion merger with MCN Energy Group. The completion of the merger finishes a process that kicked off in October 1999 (see NGI, October 11, 1999).

June 4, 2001

DTE Energy, MCN Energy Complete Merger

Positioning itself to become a major regional energy player, DTE Energy yesterday announced the closing of its approximately $3.9 billion merger with MCN Energy Group. The completion of the merger finishes a process that kicked off in October 1999 (see Daily GPI, October 6, 1999).

June 1, 2001