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Maritimes & Northeast Pipeline filed an application with FERC for a 418,000 Dth/d pipeline expansion to support gas from the Canaport liquefied natural gas (LNG) import terminal, which is being built by Irving Oil and Repsol in Saint John, NB. The pipeline expansion would include the addition of five compressor stations in Maine, 1.7 miles of 30-inch diameter pipeline and modifications to other existing U.S. facilities.

Florida Gas Transmission did not extend an Overage Alert Day notice beyond Friday.

Duke Energy’s $1.2 billion sale of Australian energy assets in March enable the company to post a 48% increase in first quarter net income to $334 million, or 36 cents/share, but excluding one-time charges, earnings fell to 32 cents/share from 42 cents/share in 1Q2003, and missed Wall Street estimates of 37 cents/share. Duke shares were down 4% Thursday to $20.98.

Focused on efforts to continue its debt load reduction, independent Magnum Hunter Resources Inc. on Thursday said that next month it plans to redeem $30 million of its outstanding 10% senior notes that won’t come due until 2007.

Reliant Energy Wholesale Group unveiled a new natural gas index and associated financial risk management instrument, designed to enable natural gas traders to better hedge risk for their companies and portfolio clients during the heating season. The Weather-Sensitive Gas Load Index (WGLI) measures current and forecasted residential and commercial natural gas consumption. To work with the index, Reliant has developed a financial instrument tailored for gas traders, called the WGLI Swap.

Senate Majority Leader Trent Lott (R-MS) reportedly has refusedto sign off on a recess appointment that would enable FERC ChairmanJames J. Hoecker to stay on the Commission for another year untilthe end of the 2001 congressional session, according to industrysources in Washington.

Northwest Pipeline put shippers on notice last week that itplans to undertake a system enhancement program and will begintaking requests for a pipeline expansion project. The enhancementprogram, which will involve adding pipeline looping andcompression, is designed in part to resolve a supply displacementproblem stemming from an expiring contract.

Northwest Pipeline put shippers on notice last week that itplans to undertake a system enhancement program and will begintaking requests for a pipeline expansion project. The enhancementprogram, which will involve adding pipeline looping andcompression, is designed in part to resolve a supply displacementproblem stemming from an expiring contract.

Enron launched EnronCredit.com, a global online creditdepartment to provide live credit prices and enablebusiness-to-business customers to hedge credit exposure instantlyvia the Internet. EnronCredit.com helps businesses evaluate thecredit quality of their customers in real time and, beginning March8, will allow them to transact in bankruptcy swaps via Enron’sglobal Internet-based transaction system, EnronOnline.