Expanding

Petal Gas Storage L.L.C. ate a little crow at FERC last week. Itconceded that its original proposal for expanding thedeliverability capacity serving its storage facilities was a betterplan after all.

Petal Gas Storage L.L.C. ate a little crow at FERC last week. Itconceded that its original proposal for expanding thedeliverability capacity serving its storage facilities was a betterplan after all.

A revised National Weather Service forecast, expanding theprediction of below normal temperatures for the Christmas weekendto the entire United States except for the sparsely populated UpperPlains, kept most prices from softening Friday, as some hadanticipated. Except for the still-most-expensive West Coast market,all other points realized gains from about a dime (San Juan Basin)to a little more than 50 cents (Northern Natural Gas market area).

In an attempt to capture the price discovery offered in therapidly expanding electronic exchange market, NGI added a new pricereport to its daily publication, NGI’s Daily Gas Price Index, andto its website. “NGI’s Electronic Platform Trading Index” will becomprised of deals done each morning before 11:30 a.m. (CST) andwill be published on its website at http://intelligencepress.com by1 p.m. (CST) each business day and in NGI’s Daily Gas Price Indexthe following day.

In an attempt to capture the price discovery offered in the rapidlyexpanding electronic exchange market, NGI is adding a new price reportto its website. “NGI’s Electronic Platform Trading Index” will becomprised of deals done each morning before 11:30 a.m. Central Timeand will be published on its website at http://intelligencepress.com by 1 p.m. Central Time each business day.

With today’s electricity demand expanding beyond the reach ofavailable supply, and nationwide electric deregulation effortsproviding inconsistent results, distributed power just may be thenext big thing, according to Bear Stearns analyst Robert Winters.

With today’s electricity demand expanding beyond the reach ofavailable supply, and nationwide electric deregulation effortsproviding inconsistent results, distributed power just may be thenext big thing, according to Bear Stearns analyst Robert Winters.

BP and PricewaterhouseCoopers are expanding their businessprocess outsourcing (BPO) relationship, first begun four years agoin South America, to now include North America. The contractaddition, worth more than $200 million over nine years, willinclude BP’s newly acquired ARCO and Vastar onshore and offshoreU.S. Lower 48 operations.

In their sixth asset alliance, NRG Energy Inc. and Dynegy Inc.are expanding their co-owned generation portfolio in the westernUnited States by purchasing one power plant and buying most of thegenerating capacity of another plant from Nevada Power Co. for $634million. Minneapolis-based NRG will be operator and Houston-basedDynegy will serve as power marketer and fuel supplier.