Entire

Cash Declines Show Up Ahead of Weekend

While some points were able to log increases for the entire week, deals done on Friday for weekend and Monday delivery included some upticks, some that did not change and quite a few that recorded declines. The Northeast, Midcontinent, Rockies and California recorded the most drops, with declines ranging from a penny to 6 cents.

May 17, 2010

Boren: House Caucus Seeks Gas Component to Jobs Bill

Passing the jobs package with a major natural gas component by the end of the year would be a “home run” for the entire Congress, said Rep. Dan Boren (D-OK), co-chair of the House Natural Gas Caucus, last Thursday.

November 23, 2009

Boren: House Caucus Seeks Gas Component to Jobs Bill

Passing the jobs package with a major natural gas component by the end of the year would be a “home run” for the entire Congress, said Rep. Dan Boren (D-OK), co-chair of the House Natural Gas Caucus.

November 20, 2009

Storage Project in Southern New York Seeks Nov. 8 Startup

Arlington Storage Co. Wednesday asked FERC for authorization to place its entire Thomas Corners Natural Gas Storage Project in southern New York in service by early November.

October 23, 2009

Rally Capped, But Futures Retain Most of Monday’s Gains

The entire energy complex took its foot off the accelerator on Tuesday following the significant gains racked up in Monday’s session. September natural gas futures ended up dropping three pennies to $4.001, while September crude futures backed off 16 cents to $71.42/bbl.

August 5, 2009

Industry Briefs

Tres Palacios Gas Storage LLC, a subsidiary of Westport, CT-based NGS Investments LP, asked the Federal Energy Regulatory Commission for clearance to place its entire storage header system in Texas in service on Monday (July 20). “Action by that day will give Tres Palacios adequate time to alert its customers to the availability of additional receipt point capabilities for storage injections and will give those customers time to make the necessary upstream transportation and gas supply arrangements,” wrote attorneys for the storage company. Tres Palacios said it was nearing completion of the construction of the segment of the header system located between interconnections with Transcontinental Gas Pipe Line and Tennessee Gas Pipeline.The 41.72-mile, looped bidirectional pipeline will be connected to a number of interstate and intrastate pipelines. In late 2008 and early this year Tres Palacios received authorization to place into service storage caverns one and two, as well as its gas handling facility and previously constructed portions of the header pipeline system (see NGI, Oct. 6, 2008). The storage facility, located in Matagorda County, TX, is using existing underground salt caverns on the Markham Dome. A third cavern is targeted for service in 2010, according to Tres Palacios. The three-cavern facility has planned working gas storage capacity of 36.62 Bcf, and will have the ability to receive injections of up to 1 Bcf/d and handle withdrawals of up to 2.5 Bcf/d.

July 20, 2009

Tres Palacios Seeks to Place Storage Header System in Service

Tres Palacios Gas Storage LLC, a subsidiary of Westport, CT-based NGS Investments LP, Wednesday asked FERC for clearance to place its entire storage header system in Texas in service on July 20.

July 16, 2009

Industry Briefs

After rejecting a sale of the entire company to Electricite de France (EDF) in October in favor of a deal with MidAmerican Energy Holdings Co., the Constellation Energy board said it is willing to talk with the French company about its proposal to acquire Constellation nuclear assets. Constellation’s board has authorized discussions and an exchange of information with EDF related to an unsolicited proposal received from EDF on Dec. 2. Constellation said the decision to talk with EDF is consistent with its merger agreement with MidAmerican. The Constellation board has not changed its recommendation that shareholders vote in favor of the merger with MidAmerican. A special meeting for a vote remains scheduled for Dec. 23. EDF’s proposal provides for an up-front $1 billion cash investment in Constellation to be credited against the purchase price for EDF’s interest in the nuclear generation business, and an option under which Constellation could sell nonnuclear generation assets to EDF that have an aggregate value of up to $2 billion. The joint venture would run five of Constellation’s nuclear reactors, including the two at Nine Mile Point and the one at the Robert E. Ginna plant in New York, and the two at Calvert Cliffs in Maryland. Constellation and EDF are already in a 50-50 joint venture that was created in the summer of 2007 called UniStar Nuclear Energy LLC to develop new nuclear reactors in the U.S. using Areva SA’s Evolutionary Power Reactor design.

December 15, 2008

Constellation to Lend an Ear to EDF Nuclear Offer

After rejecting a sale of the entire company to Electricite de France (EDF) in October in favor of a deal with MidAmerican Energy Holdings Co., the Constellation Energy board said Monday it is willing to talk with the French company about its proposal to acquire Constellation nuclear assets.

December 9, 2008

Cove Point LNG Expansion Nears Completion

The entire expansion of the Dominion Cove Point liquefied natural gas (LNG) import terminal — the plant and pipeline facilities in Pennsylvania and Maryland — is expected to be completed by the end of the month, a Dominion spokesman said. But start-up of all the facilities may not occur until early 2009.

December 3, 2008