electric

Pacific Gas & Electric not only extended a systemwide high-inventory OFO into at least its third day Saturday but also bumped it up from Stage 2 to Stage 3 and increased the penalties for exceeding a positive daily imbalance tolerance of 5% (unchanged) from $1/Dth to $5.

Southern California Gas issued a high-linepack OFO for Friday, setting a 10% tolerance for positive daily imbalances. Pacific Gas & Electric kept a systemwide Stage 2 high-inventory OFO that was declared for Thursday in place through at least Friday.

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Thursday. It carried penalties of $1/Dth for positive daily imbalances exceeding a 5% tolerance.

FERC on Friday approved San Diego Gas & Electric Co.’s (SDG&E) request to more than double the transportation capacity of its border-crossing facilities in San Diego County, CA.

Pacific Gas and Electric Co. and a Southern California-based energy efficiency firm, Onsite Energy Corp., Carlsbad, CA, signed a $3.2 million deal last Friday under which Onsite will provide funding for industrial cold storage/food processing companies adopting various energy efficiency projects eligible for California utility ratepayer-backed funding. Onsite will have up to $2.8 million for direct incentives under the three-year program running through 2008.

Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Saturday and said penalties of $1/Dth will be assessed to shippers who exceed a 5% tolerance for negative daily imbalances.

Southern California Gas kept a high-linepack OFO that it had declared for Saturday in place through Sunday, then lifted it Monday.

Pennsylvania-based natural gas and electric utility UGI Utilities Inc. has purchased the gas utility assets of PG Energy from Southern Union Co. for $580 million. The assets, which will be renamed UGI Penn Natural Gas Inc., will add nearly 158,000 customers to its gas operations. The gas division had been serving 307,000 customers in 14 Pennsylvania counties. The sale is expected to be accretive to earnings in the first full fiscal year of ownership, according to UGI Corp. Chairman Lon R. Greenberg. Morgan Lewis & Bockius LLP provided legal services to UGI in connection with the acquisition. Through its subsidiaries, UGI Corp. owns 44% of AmeriGas Partners LP, the nation’s largest retail propane marketer, and it owns Antargaz, one of the largest liquefied petroleum gas distributors in France.

With its linepack hovering around minimum target levels, Pacific Gas & Electric issued a customer-specific OFO for Thursday.