Extends

Market Extends Late-Week Slide into Weekend

Weakening weather fundamentals, the industrial load drop typical of a weekend and a mildly bearish storage report the day before combined to keep prices on the slide Friday at all points. Declines ranged from about a nickel to just over 20 cents.

April 19, 2004

Tropical Storm Extends Bullish Mood in Cash Market

Prices were rising again Tuesday in mostly double-digit amounts, deriving support from a third straight day of screen firmness, a tropical wave nearing the eastern Caribbean Sea and substantial cooling load lingering in the West and South. Then the tropical wave’s promotion to Tropical Storm Claudette that afternoon seemed to assure that quotes would keep going up Wednesday and possibly beyond, according to several sources.

July 9, 2003

PG&E Merchant Unit Extends N. Baja Open Season (Again)

Citing more discussion on the Mexican side of the border including its partner, San Diego-based Sempra Energy, PG&E Corp.’s National Energy Group (NEG) for the second time last week extended an open season on capacity on the 500 MMcf/d, 220-mile North Baja natural gas transmission pipeline. The open season previously had been extended until the end of last month, and they NEG indicated last week it now will run to the end of July.

July 8, 2003

Tennessee Opens Can-East Project, Holds Open Season for Remaining Capacity

Tennessee Gas Pipeline has started providing capacity on its Can-East Project, which extends its transportation service to Leidy, PA, through a long-term lease of 130,000 Dth/d of space on Dominion Transmission’s pipeline system, a new interconnect at Leidy, and a new compressor station on Tennessee at Ellisburg, PA.

June 16, 2003

Tennessee Opens Can-East Project, Holds Open Season for Remaining Capacity

Tennessee Gas Pipeline has started providing capacity on its Can-East Project, which extends its transportation service to Leidy, PA, through a long-term lease of 130,000 Dth/d of space on Dominion Transmission’s pipeline system, a new interconnect at Leidy, and a new compressor station on Tennessee at Ellisburg, PA.

June 11, 2003

Transportation Notes

Usually Northern Natural Gas extends a System Overrun Limitation notice only on a day-by-day basis, but as of Friday it said the SOL for all market-area zones that had begun nearly two weeks earlier would remain in effect through at least Monday (March 3).

March 3, 2003

NGPL Extends Transportation, Storage Deal with MidAmerican

Kinder Morgan Inc. (KMI) subsidiary Natural Gas Pipeline Company of America (NGPL) has extended a long-term agreement to provide MidAmerican Energy with up to 115,000 MMBtu/d of firm-transportation service starting in December. The new agreement, which will continue through Nov. 30, 2004, represents an increase over the current level of 100,000 MMBtu/d. The companies also entered into an agreement to extend a firm-storage contract totaling 10 Bcf for an additional two years through Nov. 30, 2005.

October 21, 2002

NGPL Extends Transportation, Storage Deal with MidAmerican

Kinder Morgan Inc. (KMI) subsidiary Natural Gas Pipeline Company of America (NGPL) has extended a long-term agreement to provide MidAmerican Energy with up to 115,000 MMBtu/d of firm-transportation service starting in December. The new agreement, which will continue through Nov. 30, 2004, represents an increase over the current level of 100,000 MMBtu/d. The companies also entered into an agreement to extend a firm-storage contract totaling 10 Bcf for an additional two years through Nov. 30, 2005.

October 16, 2002

Main Street Extends Tender Offer, Holds 7 Million Total Shares of DYN, MIR, RRI, ILA

Main Street AC Inc., which has been attempting to acquire up to 4.9% of the outstanding common stock of Aquila Inc., Dynegy Inc., Mirant Corp. and Reliant Resources Inc. (RRI) since August, has extended its tender offer through midnight Oct. 15. As of last Friday, Main Street said it now holds 3.5 million shares of Dynegy; 2.2 million shares of Mirant; 1.2 million shares of RRI and 0.9 million shares of Aquila.

October 8, 2002

FERC Extends Current California Price Cap Through October

Turning aside objections made by generators, FERC last Thursday agreed to a request made by the California Independent System Operator (CAISO) that will allow the grid operator to extend its existing market design, including a hard price cap of $91.87/MWh, through the end of October as CAISO continues to work out kinks in mitigation-related software.

September 30, 2002