Domino

While natural gas demand already is poised to take a hit, ever-growing regional wind power supplies may be the next domino to fall in the face of excess hydroelectric supplies in the Pacific Northwest. The region’s key power marketer/transporter, the Bonneville Power Administration (BPA), however, is going to delay as long as it can a proposal to begin curtailing large chunks of wind power, officials said Wednesday.

The Northern California Gas Authority (NCGA), a financing conduit for public power sector generators, has felt the domino effect of the Wall Street credit meltdown, being placed on “watch for a downgrade” of its “A1” credit rating Oct. 16 by Moody’s Investors Service, following the credit agency’s downgrade of Morgan Stanley earlier in October. Some $758 million of series A and B 2007 bonds held by the gas authority are tied to Morgan Stanley and other Wall Street firms caught in the credit collapse.

The Northern California Gas Authority (NCGA), a financing conduit for public power sector generators, has felt the domino effect of the Wall Street credit meltdown, being placed on “watch for a downgrade” of its “A1” credit rating last Thursday by Moody’s Investors Service, following the credit agency’s downgrade of Morgan Stanley. Some $758 million of series A and B 2007 bonds held by the gas authority are tied to Morgan Stanley and other Wall Street firms caught in the credit collapse.

Midcoast Energy Resources last week piled more assets onto its growing Texas-Louisiana pipeline empire with two separate deals worth a combined $4.55 million.