Declaring

Transportation Notes

El Paso set an imbalance threshold of 5% in declaring a systemwide Strained Operating Condition (SOC) Wednesday. The pipeline said it has been experiencing declining linepack as a result of takes that are in excess of scheduled quantities and underperforming receipt volumes. Linepack continues to decline despite the Washington Ranch storage facility operating at maximum withdrawal capacity, El Paso said. Prior to announcing the SOC, it said the supply shortfall in the San Juan Basin was about 400 MMcf/d.

December 8, 2005

Transportation Notes

ANR said it completed its Hurricane Rita related damage assessment of its West Cameron 167-to-Grand Chenier pipeline segment and related facilities. Due to damages ANR is declaring a force majeure event in this area of its system. ANR continues not to accept any nominations through Grand Chenier. It is pursuing temporary solutions to provide partial service of these facilities in the very near future. ANR said it experienced close to a 66% loss in deliverability on its Gulf system but because it sources significant supplies from the Mid-Continent and Canadian basins it has been able to maintain market deliveries. As a result of damage to its system, ANR has to replace subsea pipe and connections in the South Marsh Island 108 area and it has to repair the measurement and a separation and dehydration plant in the Grand Chenier area. It expects to restore 100% of its throughput by December.

October 14, 2005

Bush Says ‘Four Years of Debate is Enough’ on Energy Bill

In declaring that “four years of debate is enough,” President Bush Wednesday night urged both houses of Congress to pass broad energy legislation during the upcoming months.

February 4, 2005

CA Governor Lauds Mirant Settlement as Consumer ‘Victory’

California Gov. Arnold Schwarzenegger issued an impassioned statement declaring “another victory” with the proposed settlement for up to $750 million with Chapter 11 bankruptcy-immersed Mirant Corp. The governor promised that any net paybacks from this and other earlier settlements will be used to lower electric rates for private-sector utility customers.

January 24, 2005

CA Governor Lauds Mirant Settlement as Consumer ‘Victory’

California Gov. Arnold Schwarzenegger issued an impassioned statement declaring “another victory” with the proposed settlement for up to $750 million with Chapter 11 bankruptcy-immersed Mirant Corp., which was announced last Friday (see Daily GPI, Jan. 18). The governor promised that any net paybacks from this and other earlier settlements will be used to lower electric rates for private-sector utility customers.

January 19, 2005

Devon Schedules New Beaufort Sea Drilling to Feed Mackenzie Pipe

While one aboriginal group is still putting up a fight, others are declaring the Canadian Arctic open for business, and the natural gas industry is betting the majority will prevail in the Northwest Territories. Devon Canada Corp. declared intentions to go ahead on the first new Beaufort Sea drilling campaign in more than 20 years.

December 6, 2004

Devon Schedules New Beaufort Sea Drilling to Feed Mackenzie Pipe

While one aboriginal group is still putting up a fight, others are declaring the Canadian Arctic open for business, and the natural gas industry is betting the majority will prevail in the Northwest Territories. Devon Canada Corp. declared intentions to go ahead on the first new Beaufort Sea drilling campaign in more than 20 years.

December 6, 2004

Devon Schedules New Beaufort Sea Drilling to Feed Mackenzie Pipe

While one aboriginal group is still putting up a fight, others are declaring the Canadian Arctic open for business, and the natural gas industry is betting the majority will prevail in the Northwest Territories. Devon Canada Corp. declared intentions to go ahead on the first new Beaufort Sea drilling campaign in more than 20 years.

December 6, 2004

Dominion Hikes Dividend on Positive Financial Outlook

Dominion’s board approved the company’s first dividend increase in 10 years on Friday, declaring 2-cent boost in the fourth-quarter dividend to 66.5 cents per share in response to a positive financial outlook. It will increase Dominion’s annual dividend to $2.60/share, and the company is planning similar dividend hikes over the next couple years.

October 18, 2004

Dominion Hikes Dividend on Positive Financial Outlook

Dominion’s board approved the company’s first dividend increase in 10 years on Friday, declaring 2-cent boost in the fourth-quarter dividend to 66.5 cents per share in response to a positive financial outlook. It will increase Dominion’s annual dividend to $2.60/share, and the company is planning similar dividend hikes over the next couple years.

October 18, 2004