Deadline

FERC has pushed back the deadline until March 5 for Millennium Pipeline Co. LP to reach an agreement with the residents and political officials of Mount Vernon, NY, over the routing for the last two miles of the proposed 425-mile natural gas pipeline through the town.

FERC has pushed back the deadline until March 5 for Millennium Pipeline Co. LP to reach an agreement with the residents and political officials of Mount Vernon, NY, over the routing for the last two miles of the proposed 425-mile natural gas pipeline through the town.

Dynegy Chairman Chuck Watson said his company is “encouraged” by Enron’s success in extending a deadline on a $690 million obligation until mid-December and is “working to accelerate the regulatory approvals required to complete the merger with Enron Corp.” in light of the continuing free fall of Enron’s stock Wednesday. The stock fell more than $2 early in the day to $4.75 but moved back above $5 following Enron’s announcement that it was able to find some breathing room.

Dynegy Chairman Chuck Watson said last Wednesday his company was “encouraged” by Enron’s success in extending a deadline on a $690 million obligation until mid-December and is “working to accelerate the regulatory approvals required to complete the merger with Enron Corp.” in light of the continuing free fall of Enron’s stock. The stock fell more than $2 early Wednesday morning to $4.75 but moved back above $5 following Enron’s announcement that it was able to find some breathing room.

Denver-based Barrett Resources Corp., still stating publicly that it is barring the doors against a hostile takeover by giant Royal Dutch/Shell, postponed its annual shareholder meeting set for early May, as it continues to search for strategic options to Shell’s cash offer of $55 per share. Barrett rejected the amount as inadequate, but Shell has continued the pursuit, extending its offer through midnight last Friday.

Because its initial open season period of Oct. 5 through Dec. 5included the Thanksgiving holidays, Dominion is extending thedeadline to Dec. 19 for its previously announced GreenbrierPipeline project in order to continue to gauge customer interest.

The lead plaintiff deadline is today for class action lawsuitson behalf of Avista Corp.’s stockholders who may have lost moneyafter the company reported a loss of $22 million in the secondquarter. The losses followed unhedged power trades in the forwardmarket in the second quarter.

Riding the coattails of state budget legislation facing a June30 deadline, California lawmakers are making an end-run around thestate’s constitutionally quasi-independent energy regulatory panelwith an amendment to block regulators’ latest move to expandwholesale electricity competition in the state. It is a similarpattern to what the elected officials have done the past two yearsregarding natural gas industry issues.

Petrobank Energy and Resources gave the board of directors ofRanger Oil an ultimatum yesterday: Give full access to Ranger’sconfidential data room under Petrobank’s terms no later than 5 p.m.(MDT) on Thursday, or Petrobank will not amend or extend its offer toacquire all of the common shares of Ranger. (see Daily GPI, June 9) This would mean Petrobank’sexisting offer would run out next Monday, at 9 a.m. Calgary time.