Extends

NGPL Extends Nicor Contracts Through 2006

Natural Gas Pipeline Company of America (NGPL) has extended long-term firm transportation and storage contracts with its largest customer, Northern Illinois Gas Co. (Nicor), through March 31, 2006.

September 25, 2002

FERC Extends CA Contract Talks; Sees 80% Eventually Settling

FERC Chief Administrative Law Judge Curtis L. Wagner, citing progress toward settling at least 80% of an estimated 24 long-term contracts in dispute between power suppliers and California’s Department of Water Resources (DWR), said late last Tuesday he was scheduling additional settlement meetings for Aug. 28-30.

August 12, 2002

FERC Extends WestWide Price Cap at $250/MWh

FERC voted Wednesday to continue the must-offer requirement and westwide power price cap for generators starting Oct. 1 at the $250/MWh level, with some price mitigation between $97.87 (the current cap) and the $250 level. The Commission also told the California Independent System Operator to speed up creation of a day-ahead and ancillary services markets to Jan. 1, 2003, and that FERC personnel would be installed in the Cal-ISO operations center.

July 18, 2002

FERC Extends WestWide Price Cap at $250/MWh

FERC voted Wednesday to continue the must-offer requirement and westwide power price cap for generators starting Oct. 1 at the $250/MWh level, with some price mitigation between $97.87 (the current cap) and the $250 level. The Commission also told the California Independent System Operator to speed up creation of a day-ahead and ancillary services markets to Jan. 1, 2003, and that FERC personnel would be installed in the Cal-ISO operations center.

July 18, 2002

Energy East Extends Gas Supply, Asset Optimization Alliance with BP

Energy East Corp. said it has extended a supply and asset optimization alliance with BP, which will continue supplying gas, market intelligence, financial products and information technology to support Energy East’s four natural gas distribution companies — New York State Electric & Gas, Connecticut Natural Gas, Southern Connecticut Gas and Berkshire Gas.

April 22, 2002

March Extends Wednesday’s Gains, Reaches $2.16 High

March futures added to Wednesday’s late gains on some technical short-covering but traded sideways most of the day Thursday, ending up 4.9 cents to $2.15 with a daily high of $2.16 and a low of $2.085. Several observers said if the contract can trade above $2.165 and build a little upward momentum, it might drive more shorts to cover and produce a small rally. But few are willing to bet the farm on that given the warm weather and enormous storage surplus.

February 8, 2002

Columbia Extends Open Season for Midwest Project

Columbia Gas Transmission said it is extending an open season for its proposed Midwest Project to further assess market interest in new transportation service. The open season was supposed to close Dec. 14 but has been extended to Jan. 31.

December 27, 2001

Proposed Rule Extends Standards of Conduct to All Affiliates

Acknowledging the converging and consolidating natural gas and power industries, Federal Energy Regulatory Commissioners last week issued a notice of proposed rulemaking (RM01-10) combining the standards of conduct for natural gas pipelines and electric transmission providers and broadening their application to require separation of the regulated monopolies from all other company affiliates.

October 1, 2001

Proposed Rule Extends Marketing Affiliate Regulations to All Affiliates

Federal Energy Regulatory Commissioners Wednesday agreed to issue a notice of proposed rulemaking broadening the application of standards of conduct for transmission providers, including both natural gas pipelines and power lines, to require separation of the regulated monopolies from any other company affiliate.

September 27, 2001

Abraxas Extends Exchange Offer for Grey Wolf

San Antonio-based Abraxas Petroleum Corp. has extended its share exchange offer for Grey Wolf Exploration Inc. until Sept. 28. A total of 5.9 million shares of Grey Wolf, representing 88% of what Abraxas and its Canadian Abraxas did not own, have now been tendered and taken up, giving Abraxas 94% of the common outstanding shares of Grey Wolf.

September 19, 2001