Excess

TransCanada PipeLines Ltd. has come up with a way to escape the cost and toll squeeze caused by excess capacity on its natural gas mainline — fill up the empty space with oil.

Aquila Inc. tossed overboard a significant amount of excess baggage last Tuesday by exiting a power purchase agreement in Batesville, MS, and terminating another long-term prepaid natural gas supply contract. Both of the deals were a drain on liquidity and exiting them is part of the company’s ongoing repositioning program aimed at getting out of the merchant energy business.

Aquila Inc. tossed overboard a significant amount of excess baggage on Tuesday by exiting a power purchase agreement in Batesville, MS, and terminating another long-term prepaid natural gas supply contract. Both of the deals were a drain on liquidity and exiting them is part of the company’s ongoing repositioning program aimed at getting out of the merchant energy business.

Westcoast, which had been encouraging drafting of excess linepack from its system with a daily imbalance tolerance range of zero pack and 20% draft, will revert to its normal 10%/10% range Friday.

Westcoast, which had been encouraging drafting of excess linepack from its system with a daily imbalance tolerance range of zero pack and 20% draft, will revert to its normal 10%/10% range Friday.

Looking to trim excess costs across its key support functions, Dynegy Inc. on Friday entered into a multi-year, multi-million dollar agreement with Accenture. Under the agreement, the consulting firm will help Dynegy reduce costs beginning with the company’s information technology (IT), procurement, human resource and financial systems.

With three-quarters of the year complete, producers are “well positioned” to generate cash flow that exceeds drilling budgets by about 30% this year — and a similar situation in 2004 could lead to more acquisitions, according to a recent analysis by Lehman Brothers.

With three-quarters of the year complete, producers are “well positioned” to generate cash flow that exceeds drilling budgets by about 30% this year — and a similar situation in 2004 could lead to more acquisitions, according to a recent analysis by Lehman Brothers.

Florida Gas Transmission ended an Overage Alert Day notice that was in effect for Tuesday only.