The Pennsylvania Department of Environmental Protection (DEP) plans to release a technical guidance this week explaining the details of wastewater regulations revised last year.
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Transportation Notes
Without explaining further, Transwestern said it was lifting Tuesday a force majeure at the P-3 (Pampa) Compressor Station (see Daily GPI, Oct. 7). An inquiry on whether the station’s normal capacity had been restored was not answered.
Special Items Rack Up a 3Q Loss for Reliant
Explaining its wild swing from a $108 million ($0.37/share) gain in continuing operations during the third quarter 2002 to a $791 million ($2.69/share) loss during the third quarter of 2003, Reliant Resources Inc. blamed the difference on its previously announced goodwill impairment and settlement with FERC.
Analyst Says Rig Count Approaching Bottom
Explaining that a lot has happened since the company’s last rig count forecast released in December, Raymond James & Associates analyst J. Marshall Adkins said the company is adjusting its rig count forecast downward by 60 rigs. Adkins added that given the sharp rebound in commodity prices, he believes the bottom in U.S. rig activity is “very near.”
Columbia Changes the Picture for NiSource
Explaining that its results display a new seasonality as a result of its acquisition of Columbia Energy Group, NiSource Inc reported a second quarter net loss of $8 million or 4 cents per basic share, compared to net income of $23.4 million or 19 cents per basic share in the second quarter last year.