The leaders of the a major pipeline association and a keyelectric utility group jointly have expressed their support forFERC to convene a conference “in the near future” to assesspost-2000 natural gas demand in the Northeast and the need for newpipeline capacity to serve customers, particularly powergenerators, in that market.
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Former Chairman Says Reforms May Threaten Order 636
Former FERC Chairman Martin L. Allday has expressed “deepconcern” about the Commission’s proposals to lift the price cap onshort-term capacity and to negotiate terms and conditions oftransportation service, saying they could threaten the successstory of Order 636. Allday’s Commission was the architect of therule that led to the restructuring of the natural gas industry.
Most Points Post Big Gains Based on Early Screen
The bullish sentiment for the aftermarket that several tradershad expressed Tuesday (see Daily GPI, July 1) appeared to bejustified Wednesday as price increases of a dime or more dominatedmost points. The old refrain of “following the screen” was popularagain. But as the screen leads up, so shall it also lead back down,according to some prophecies, and so it was Wednesday. Early pricelevels were retreating late as Henry Hub futures gave up earlygains. Henry Hub cash started at $2.48-49 but fell as low as $2.40late, a marketer said.
Marketers Register Complaints about Consumers’ Pilot
What if they had a customer choice pilot and nobody showed up?So far, about 18 marketers have expressed interest in ConsumersEnergy’s statewide Gas Customer Choice pilot in Michigan. However,only one has said it might solicit residential customers, accordingto Consumers, and at least one other, mc2, is balking at thepilot’s requirements. Consumers certainly doesn’t expect awash-out, but whether many customers actually get a choice isextremely doubtful. Beginning April 1, up to 100,000 Consumerscustomers are to be able to choose their supplier during the firstyear of the program. Customers and suppliers may enter the programat any time during the year. The pilot is to run three years,offering choice to 100,000 per year.