Forecasted

Citing warmer weather forecasted for Florida and lower linepack, Florida Gas Transmission issued an Overage Alert Day notice for customers in its market area Friday. The notice had a 25% tolerance for negative daily imbalances.

Citing near-freezing temperatures forecasted for the northern half of Florida Tuesday morning, Florida Gas Transmission issued an Overage Alert Day for its market area Monday with 25% tolerance for negative daily imbalances.

Noting that freezing temperatures were being forecasted for the northern half of Florida through at least Monday night and that its total linepack was down, Florida Gas Transmission initiated a new Overage Alert Day notice for market-area customers Sunday with 20% tolerance for negative daily imbalances Sunday. The notice was kept in place Monday with tolerance tightened to 10%.

Northern Natural Gas did not extend a System Overrun Limitation day for market-area Zone E/F beyond Tuesday, but it declared a new SOL for Wednesday in the Zone A/B/C area due to forecasted minimum temperatures of below zero.

Devon Corp.’s oil and natural gas production will grow in the “bottom end” of the forecasted 2-4% range this year, CEO J. Larry Nichols said Wednesday. However, the producer will hold significant cash reserves, which Nichols said will likely be used to repurchase stock and “revisit” the dividend.

Devon Corp.’s oil and natural gas production will grow in the “bottom end” of the forecasted 2-4% range this year, CEO J. Larry Nichols said Wednesday. However, the producer will hold significant cash reserves, which Nichols said will likely be used to repurchase stock and “revisit” the dividend.

Citing higher than normal forecasted system temperatures, Northern Natural Gas declared a System Underrun Limitation for all market-area zones on New Year’s Day.

Following through on a promise made last spring to stabilize operations and improve earnings, TXU Corp. CEO Erle Nye on Monday said the company will deliver 10% higher earnings than previously forecast, and expects to report $1 a share for the third quarter, compared with a previous guidance of 90 cents.

Citing forecasted weather and projected demand on its system, Sonat said eight delivery groups would become subject to an OFO Type 3 effective with the start of Saturday’s gas day until further notice. OFO penalties are $15/Dth for any delivery point overtakes exceeding 102% of a shipper’s daily entitlement. The pipeline also began allocating/limiting interruptible capacity in four other groups Saturday.