Firm

TransCanada has posted short-term firm transportation servicefor November 2000 through March 2001, and is accepting bids through3 p.m. MDT today. Because TransCanada does not yet have NationalEnergy Board-approved tolls beyond the end of 2000, all of the bidsfor capacity may be adjusted for bids that extend beyond Jan. 1.

Williston Basin Interstate Pipeline Co. is in the midst ofupgrading firm transportation capacity on its system inanticipation of supplying cheaper Powder River Basin gas toshippers on Northern Border Pipeline, who it believes will bedeprived of economical Canadian gas supplies when Alliance Pipelinegoes into service in October.

Williston Basin Interstate Pipeline Co. is in the midst ofboosting firm transportation capacity on its system in anticipationof supplying cheaper Powder River Basin gas to shippers on NorthernBorder Pipeline, who it believes will be deprived of economicalCanadian gas supplies when Alliance Pipeline goes into servicelater this year.

Peoples Energy Corp. has invested $5 million in EnerTech CapitalPartners II LP, a private equity firm specializing in investmentopportunities for the deregulated energy, utility andtelecommunications industries. With Peoples’ monetary commitment,EnerTech now has $235 million in committed capital to makeinvestments.

Northern Natural Gas has two firm capacity open seasonsupcoming. One, scheduled July 26-27, is for 20,000 MMBtu/d tocertain delivery points in Zone ABC. The space will be awarded infour separate 10,000 MMBtu/d packages: one each for the months ofAugust, September and October 2000 and a fourth for the entirethree-month period. The other open season, set for July 31-Aug. 3,is for 15,000 MMBtu/d to certain delivery points in Zone EF for theOctober 2000 through April 2001 period. This volume is subject tocertain constraints. See the HotTap bulletin board or call FrankSemin at (952) 887-1785 for more information.

TransCanada PipeLines has set an open season through tomorrow forone-year firm maximum rate capacity for 750,000 gigajoules a day fromEmpress to several points on its system. Bids will be accepted for FTcontracts to commence anytime between Nov. 1, 2000 and March 30,2001. The FT space is available to the Saskatchewan, Manitoba orEmerson zones, or there is 300,000 gj/d available to the Eastern Zone(SWDA). TransCanada is not considering annual short haultransportation in the current posting, but may do so in a futureposting. Also, if long haul FT offers are made after tomorrow’sdeadline, the pipeline may initiate a new open season. TransCanadacurrently is not authorized to offer discounted FT, but “we’re alwaysavailable to sell capacity.” Contact Keith Nelson at403-267-1691 or keith_nelson@transcanada.com for information and bidforms or to get on an email or fax list for future postings. Also,current rates, toll schedules, proforma contracts and information isavailable at www.transcanada.com/business/pdftariff

TransCanada PipeLines has set an open season through tomorrowfor one-year firm maximum rate capacity for 750,000 gigajoules aday from Empress to several points on its system. Bids will beaccepted for FT contracts to commence anytime between Nov. 1, 2000and March 30, 2001. The FT space is available to the Saskatchewan,Manitoba or Emerson zones, or there is 300,000 gj/d available tothe Eastern Zone (SWDA). TransCanada is not considering annualshort haul transportation in the current posting, but may do so ina future posting. Also, if long haul FT offers are made aftertomorrow’s deadline, the pipeline may initiate a new open season.TransCanada currently is not authorized to offer discounted FT, but”we’re always available to sell capacity.” Contact Keith Nelson at403-267-1691 or keith_nelson@transcanada.com for information.

Union Gas Storage & Transportation Services is holding anopen season on long-term firm transportation for upstream,downstream and bundled options through Sept. 1. With the openseason results, Union Gas plans to request an expansion of itsoperations to the Ontario Energy Board later this year. All bidsand/or requests for services have to be received by 5 p.m. Sept. 1.Contact Scott Hubert at (519) 358-4012 for information.

With between $50 million and $100 million in spending money inits first year of operation, Pacific Venture Capital LLC, a companylaunched last week by PG&E Corp., plans to build and manage aportfolio of capital investments in growing energy andtelecommunications companies.