Extended

Florida Gas Transmission extended an Overage Alert Day notice through at least Tuesday, maintaining the tolerance for negative daily imbalances at 10%.

Southern California Gas extended Friday’s Overnominations Day notice through at least Saturday. Pacific Gas & Electric declared a Stage 3 high-inventory OFO with $5/Dth penalties for Saturday but left the tolerance for positive imbalances relatively loose at 15%.

The Federal Energy Regulatory Commission by a 5-0 vote last Monday extended its power market mitigation program across the western states 24 hours a day, seven days a week through September, 2002, with a two-part cost-based formula addressing spot prices during emergency and non-emergency periods (EL00-95-031). The new mitigation program went into effect June 20.

The Federal Energy Regulatory Commission by a 5-0 vote Monday extended its power market mitigation program across the western states 24 hours a day, seven days a week through September, 2002, with a two part cost-based formula addressing prices during emergency and non-emergency periods. The new mitigation program begins the day after the issuance of the order.

Pacific Gas & Electric extended into Sunday a Stage 3 high-inventory OFO that had been implemented Saturday, then expanded it Monday into a Stage 4 OFO with greatly increased penalties of $25/Dth for positive imbalances exceeding a 1% tolerance. No OFO was in effect Tuesday, but the utility reinstituted a Stage 3 order for today with $5/Dth penalties and an 8% tolerance.

The current upturn in oil and natural gas drilling is likely to be more prolonged than similar cycles in past years judging from producers’ confidence, a top executive of Key Energy Services Inc., a leading drilling and well services equipment company, told financial analysts and producers last week.

The current upturn in oil and natural gas drilling is likely to be more prolonged than similar cycles in past years, a top executive of Key Energy Services Inc., a leading drilling and well services equipment company, told financial analysts and producers Tuesday.

The Kansas Corporation Commission (KCC) has extended its ColdWeather Rule emergency order and implemented a moratorium onservice disconnections for natural gas and electric service throughMay 31. The order provides emergency relief for customersstruggling to pay utility bills resulting from the record-breakingnatural gas prices this winter.

Pacific Gas & Electric extended a systemwide Stage 3high-inventory OFO through at least today, but loosened thetolerance for positive daily imbalances from 1% to 3%. The utilitycontinued to project linepack rising well above its maximum targetlevels through Saturday.