Effect

ONEOK revised downward its earnings guidance for 2001. It said net income excluding the effect of an Oklahoma Corporation Commission (OCC) charge is estimated to be about $1.20 per diluted share of common stock, which compares to Wall Street estimates between $1.35 and $1.50. Net income is estimated to be only $1.02 per diluted share of common stock including the impact of the OCC charge. The company earned $1.10 per diluted share in 2000 excluding the sale of a processing plant.

ONEOK revised downward its earnings guidance for 2001. It said net income excluding the effect of an Oklahoma Corporation Commission (OCC) charge is estimated to be about $1.20 per diluted share of common stock, which compares to Wall Street estimates between $1.35 and $1.50. Net income is estimated to be only $1.02 per diluted share of common stock including the impact of the OCC charge. The company earned $1.10 per diluted share in 2000 excluding the sale of a processing plant.

An Unauthorized Overpull Penalty situation declared Tuesday afternoon by El Paso remained in effect Wednesday until further notice.

Given the inability of the natural gas standards-setting organization to resolve the issue of intra-day recalls of released transportation capacity, FERC has issued a notice of proposed rulemaking (NOPR) that would give releasing shippers the flexibility to re-nominate their recalled capacity at the next scheduling opportunity provided by an interstate pipeline.

Given the inability of the natural gas standards-setting organization to resolve the issue of intra-day recalls of released transportation capacity, FERC has issued a notice of proposed rulemaking (NOPR) that would give releasing shippers the flexibility to re-nominate their recalled capacity at the next scheduling opportunity provided by an interstate pipeline.

Florida Gas Transmission ended Thursday an Overage Alert Day notice that had been in effect since Sept. 18.

The moderately softening status quo remained in effect for the cash market Thursday. Declines of about a dime or less prevailed at most points, although double-digit moves were reported for the Rockies/Pacific Northwest region. The smallest drops of less than a nickel were concentrated at cool Northeast citygates.

Florida Gas Transmission kept an Overage Alert Day notice in effect for its fourth day through at least Friday and tightened the tolerance for negative daily imbalances from 15% back to 10% again.

Florida Gas Transmission kept an Overage Alert Day notice in effect but loosened the tolerance for negative daily imbalances from 10% to 15%.