Energy

Jerry D. Jordan, president of Ohio-based Jordan Energy Inc., waselected chairman of the Independent Petroleum Association ofAmerica (IPAA) during the association’s 70th annual meeting inDallas Nov. 6. He succeeds George Yates, 1997-1999 IPAA chairmanand president, Harvey E. Yates Co., Roswell, NM.

New Jersey Gov. Christine Todd Whitman has asked PresidentClinton to intercede to convince the Federal Energy RegulatoryCommission to postpone action on the hotly contested MarketLinkexpansion project for 60 days.

Shell Energy Services became Georgia’s third largest marketer last week by winning an auction with a $19.3 million bid for the bankrupt Peachtree Natural Gas’ 170,000 customers. The customer accounts may switch as soon as Dec. 1 or as late as the end of December depending on how fast the Federal Trade Commission (FTC) grants its approval of the sale, sources close to the situation said.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.

A coalition of pipeline customers has called on the FederalEnergy Regulatory Commission to place greater focus on reformingthe existing ratemaking process, which it contends indulgesinterstate gas pipelines at the expense of their customers. Thepipelines wasted little time in delivering a counterpunch lastMonday.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.

A Georgia bankruptcy court named Shell Energy Services thewinning bidder for Peachtree Natural Gas’ customers yesterday.Shell’s bid of $19.3 million beat out the only other companyinvolved in the bidding, Georgia Natural Gas Services.

A coalition of pipeline customers has asked the Federal EnergyRegulatory Commission to take steps to reform the existingratemaking process, which it contends indulges interstate gaspipelines at the expense of their customers.

The Federal Energy Regulatory Commission last week denied PublicService Co. of Colorado’s bid for a stay of the certificate orderauthorizing KN Wattenberg to construct and acquire facilities forits planned Front Runner pipeline. Some viewed this request byPublic Service, a sponsor of the rival Front Range pipeline, as anattempt to quash pipeline competition in the Front Range section ofColorado.