Cutting

Houston-based Kinder Morgan Energy Partners LP vigorously defended its operating and environmental records in the wake of cutting a deal with the California attorney general’s office over a diesel fuel spill involving one of its pipeline operating subsidiaries. Since the incident last April, Kinder has replaced the multi-fuel pipeline in a $90 million investment in its northern California operations.

The director of financial analysis for the Public Utility Commission of Texas (PUCT) recommended last week that $1.95 billion be trimmed from a $4.43 billion request by a CenterPoint Energy Inc. to recover the costs of stranded power plants, environmental controls and transition.

North America is a high cost environment and ExxonMobil Corp. is working on new technologies to get the costs down so it can pursue development on the continent, Chairman Lee Raymond said Wednesday.

North America is a high cost environment and ExxonMobil Corp. is working on new technologies to get the costs down so it can pursue development on the continent, Chairman Lee Raymond said Wednesday.

Despite cutting its year-over-year losses significantly, Williams last week announced an unaudited 2003 net loss of $504.5 million, or a loss of $1.03 per share on a diluted basis, compared with a net loss of $754.7 million, or a loss of $1.63 per share, for 2002.

Despite cutting its year-over-year losses significantly, Williams on Thursday announced an unaudited 2003 net loss of $504.5 million, or a loss of $1.03 per share on a diluted basis, compared with a net loss of $754.7 million, or a loss of $1.63 per share, for 2002.

In an update of restrictions for Friday’s gas day, Texas Eastern had removed one cutting IT-1 deliveries into the M-3 market zone to zero. See the bulletin board for details.

While residential gas demand continues to inch higher because the number of homes using natural gas is rising, gas use per home fell 22% from 1980 to 2001 and 6.4% between 1997 and 2001 because of greater efficiency of home heating equipment and appliances and customer conservation, according to a new report by the American Gas Association (AGA).

Effective with Saturday’s gas day, Northwest will be cutting alternate nominations north through its Green River Compressor Station in the Timely Cycle and all subsequent cycles as needed until further notice. The pipeline said Thursday it will begin moving balancing gas north from its Clay Basin storage account to the Jackson Prairie Storage Facility until adequate levels have been established in its Jackson Prairie account. “[E]xtremely low levels in Northwest’s Jackson Prairie account require this action,” according to a bulletin board posting.