Delays

A recent move by Duke Energy to delay bringing into service a 620 MW power plant in Virginia and a separate decision by a Cogentrix Energy unit to scrap plans to build a 1,100 MW plant in the state won’t effect Duke Energy Gas Transmission’s (DEGT) ongoing Patriot pipeline extension, a DEGT spokesperson told NGI last week.

A recent move by Duke Energy to delay bringing into service a 620 MW power plant in Virginia and a separate decision by a Cogentrix Energy unit to scrap plans to build a 1,100 MW plant in the state won’t effect Duke Energy Gas Transmission’s (DEGT) ongoing Patriot pipeline extension, a DEGT spokesperson told NGI on Monday.

The Senate Energy and Natural Resources Committee on Friday postponed a hearing to consider the nomination of former New Mexico regulator Suedeen G. Kelly for a seat on FERC until September, expressing concern that Kelly could face hostile questions if her confirmation hearing were held now due to the hot-button nature of ongoing negotiations over the electricity title and energy legislation. Her hearing had been scheduled for July 16.

The Senate Energy and Natural Resources Committee said Friday it postponed a hearing to consider the nomination of former New Mexico regulator Suedeen G. Kelly for a seat on FERC until September, expressing concern that Kelly could face hostile questions if her confirmation were held now due to the hot-button nature of negotiations over the electricity title and energy legislation. Her hearing had been scheduled for July 16.

The New York Mercantile Exchange Inc. (Nymex) said it will delay by about a month the launch of its financially settled PJM weekly and daily electricity futures contracts to the afternoon of June 26, which starts the trade date of June 27. The delay will allow more time for electronic vendors, brokers and customers to complete the technical preparations needed to handle the new contracts, Nymex said.

Iroquois Gas Transmission is the latest pipeline to ask FERC to delay its certificated expansion projects by more than a year because prospective shippers — mostly power companies — have decided to either terminate or defer their service requirements.

Iroquois Gas Transmission is the latest pipeline to ask FERC to delay its certificated expansion projects by more than a year because prospective shippers — mostly power companies — have decided to either terminate or defer their service requirements.

The British Columbia Utilities Commission said Friday that it has approved BC Gas Utility’s application for an increase in the rates it charges for the natural gas commodity. The increase will add approximately 16% to the typical residential customer’s total gas bill, about 6% less than the wholesale cost the distributor believes it may have to pay over the next 12 months.

Mirant announced Tuesday that a previously planned conference call this week was cancelled until the company completes its 2002 audit and a reaudit of 2000 and 2001 financial statements. The announcement was made after the market had closed; Mirant’s stock closed at $1.62 on Tuesday.