Development

Study Finds Mistakes Marketers Should Avoid

Prosper Business Development Corp., a Columbus, OH-basedconsulting and marketing firm, released an addendum to a previousreport on deregulating energy markets yesterday, citing a new listof pitfalls in the changing energy environment. The report,”Accelerating Energy’s Challenge to Change,” is intended to enhanceenergy marketers’ profitability as they enter deregulating markets.

September 9, 1999

Hurricane Season Finally Shows, Prices Soar

Don’t put your duct tape and plywood away just yet. The lull inthe Atlantic hurricane season finally broke last week with TropicalStorm Bret and Tropical Depression Four throwing a one-two punch tothe gas market and triggering a more than 30-cent jump in NymexHenry Hub futures prices, which broke $3 early on Friday.Meanwhile, the National Oceanic and Atmospheric Administration(NOAA) and renowned Colorado State University forecaster Dr.William M. Gray both recently reiterated their predictions that thehurricane season will be a whopper despite the early lull.

August 23, 1999

Mitchell Finds Relief in Price Recovery

Mitchell Energy & Development Corp. said the rebound inenergy prices raised its second quarter average gas pricerealizations 30% and pushed gas liquids price realizations up 25%compared to first quarter amounts. Combined with cost cutting gainsand other operating efficiencies implemented over the past year,Mitchell said the improvements should result in quarterly earnings(excluding oil and gas property sales) that will be three timesgreater than the First Call consensus estimate of 13 cents pershare.

August 18, 1999

Mexico Defines Another Distribution Zone

Mexico’s energy regulatory commission (CRE) has defined a newgas distribution geographic zone and put out a call for bids fordevelopment of a distribution system expected to cost about $35million. The system will serve the region of North Bajio includingmunicipalities Aguascalientes-Jesus Maria-San Francisco de losRomo, Aguascalientes; San Luis Potosi-Soledad de Graciano Sanchez,San Luis Potosi; and Zacatecas-Guadalupe, Fresnillo, Calera andMorelos, Zacatecas.

July 12, 1999

FGT Plans Phase V Expansion Project

Florida has become a hot bed of new gas pipeline development andexpansions designed to serve burgeoning power generation demand.Even before the ink is dry on its last expansion application,Florida Gas Transmission (FGT) is gearing up for another $250million expansion filing with FERC later this year.

June 29, 1999

Industry Briefs

The Gas Research Institute has offered a proposed budget of $98million for approval by the Federal Energy Regulatory Commission tofund research and development projects for 2000. The funding wouldcover $72.6 million for 43 Core projects, widely beneficial to theentire industry and gas users and $25.4 million for 22 Non-Coreprojects targeted to specific activities and major market segments.In addition to the FERC-directed portion of the budget, GRIanticipates receiving about $53 million in cofunding from industryand govenrment sources in 2000. The filing Tuesday marked the thirdyear of the seven-year transition to an all-voluntary R&Dprogram. In 2001 the funding through FERC will drop to $70 million,then $60 million in 2002-2004. At the end of that period thefunding will be voluntary.

June 2, 1999

Lengthy CA Permitting ScaresOff Power Plant Investors

Ground was broken this month for development of a $275 million,540 MW natural gas-fired power plant in Arizona by San Jose,CA-based Calpine Corp., and close observers of California electricrestructuring are indicating this plant may be the first of manymore out-of-state plants designed to serve California.

May 31, 1999

Reliant, Old Dominion Co-op Form Alliance

Old Dominion Electric Cooperative and Reliant Energy signed afive-year business alliance to evaluate the development of up to2,400 MW of new power generation, while partnering on retailmarketing operations in the Mid-Atlantic states.

May 21, 1999

Gas R&D Funding Takes Cut in DOE Budget

The Department of Energy (DOE) proposed a $10 million cut infunding for natural gas research and development (R&ampD) as partof a $17.8 billion budget for fiscal year 2000 that it forwarded toCongress last week.

February 8, 1999

Gas R&D Funding Takes Nosedive in DOE Budget

The Department of Energy (DOE) proposed a $10 million cut infunding for natural gas research and development (R&D) as partof a $17.8 billion budget for fiscal year 2000 that it forwarded toCongress earlier this week.

February 4, 1999