Niagara Mohawk Power Corp. expects its residential gas customers will experience a reduction of about 20% in their heating bills during the coming winter compared with last winter, assuming comparable weather and barring unforeseen circumstances in the market. “Market supply-and-demand forces have brought wholesale costs down from last year’s record-high levels closer to the prices of the previous few years, and a freeze on Niagara Mohawk’s delivery charges remains in effect,” said Joseph T. Ash, vice president of gas delivery. As part of its proposed merger with National Grid plc, a freeze on Niagara Mohawk’s gas delivery charges would be extended by a year to August 2004. Based on current wholesale commodity projections, a typical residential customer who paid about $900 in gas heating costs during the last November through April heating season should pay about $720 for the same amount of gas this winter. For an entire year’s consumption from Nov. 1 to Oct. 31, a typical customer’s total gas bill is projected to decline to about $975 in 2001-2002 from about $1,175 in the current year. Niagara Mohawk delivers natural gas to more than 540,000 customers over 4,500 square miles of eastern, central and northern New York.
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Enron CEO Predicts More Business De-Integration
Using his own company’s experience as a model, Enron CEO Jeffrey K. Skilling predicted last week that more businesses would become “de-integrated” in the future, creating new markets. Skilling, who was keynote speaker at the Las Vegas’ Strategic Directions 2001, also used his well-known wit to lampoon the California energy crisis following his presentation.
Enron CEO Predicts More Business De-Integration
Using his own company’s experience as a model, Enron CEO Jeffrey K. Skilling predicted this week that more businesses would become “de-integrated” in the future, creating new markets. Skilling, who was keynote speaker at the Las Vegas’ Strategic Directions 2001, also used his well-known wit to lampoon the California energy crisis following his presentation.
People
Vector Pipeline has appointed Craig R. Fishbeck as president ofVector. Vector believes that Fishbeck’s extensive industryexperience and knowledge of Vector’s market area position him wellto lead the company through its December 2000 start-up and comingyears of growth. The pipeline also believes Fishbeck’s appointmentstrengthens Vector’s role as a vital link between the Chicago Huband Dawn, Ontario, to help meet the growing demand for natural gasin the U.S. Midwest, Eastern Canada and the U.S. Northeast.Fishbeck comes to Vector from CMS – Panhandle where he held theposition of vice president, marketing.
CIG Plans Expansion To Midcontinent Markets
There’s little doubt that pipeline capacity between the RockyMountain region and the Midcontinent is about to experience asignificant upgrade. In all, three large projects have surfaced,including one formally announced last week by Colorado InterstateGas (CIG).
CIG Plans Expansion to the Midcontinent
There’s little doubt that pipeline capacity between the RockyMountain region and the Midcontinent is about to experience asignificant upgrade. In all, three large projects have surfaced,including one formally announced this week by Colorado InterstateGas (CIG).
Transportation Notes
Texas Eastern plans minor maintenance for a few hours Thursdaymorning at the Grand Chenier (LA) Station. Operators may experiencehigher than normal pressures on the West Louisiana zone’s CameronSystem, but pressures are expected to return to normal by evening.
PG&E Shows ’99 Loss, Will Sell Services Unit
PG&E Corp. released negative financial results for 1999caused by its ill-fated experience with Texas natural gasproperties and signaled further retrenchment with the confirmationit is pursuing a buyer for its energy services operations, whichshowed growing losses last year.
PG&E Shows ’99 Loss; Will Sell Services Unit
PG&E Corp. released negative financial results for 1999caused by its ill-fated experience with Texas natural gasproperties and signaled further retrenchment with the confirmationit is pursuing a buyer for its energy services operations, whichshowed growing losses last year.
New NOAA Forecast Shows Another Abnormal Winter Ahead
What are the chances that the U.S. would experience yet anotherwarmer-than-normal winter after just having two in a row?Apparently they’re pretty good right now, according to a new winterweather forecast released last week by the National Oceanic andAtmospheric Administration. One thing is certain: the La Ninatropical Pacific sea temperature event, which is expected toinfluence this winter’s weather, will throw a monkey wrench intoregional weather forecasting models.
