The expected 41% increase in gas-fired combined cycle generation this year (more than 50,000 MW of incremental capacity) will have a significant impact on natural gas transportation and delivery (see Daily GPI, March 5). As a result, three industry associations have signed an agreement to work closely to ensure that the reliability of residential and commercial gas utility service isn’t compromised.
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UGI Says Net Income Up 28%, Sees 6-10% Future Growth
Holding company UGI Corp., headquartered in Valley Forge, PA, reported Tuesday that its net income was up 28% over a year ago, standing at $2.10 per diluted share for the fiscal year ended Sept. 30, 2001 compared with $1.64 for the same period of 2000. For the third quarter, UGI recorded a seasonal net loss of $0.40 per diluted share, excluding a one-time charge, compared to a loss of $0.39 per diluted share in the third quarter of 2000. UGI previously reported that it expected fiscal year 2001 net income to be $2.05, net of one-time items.
Former FL Foes Forge Pipeline Partnership
In the race to serve the lucrative Florida generation trafficthinned last week, as Duke Energy announced it has shelved itsproposed Sawgrass pipeline project and allied with formercompetitor Williams’ Buccaneer Pipeline.
Former FL Foes Forge Pipeline Partnership
The race to serve the lucrative Florida generation market becamemore clear yesterday, as Duke Energy announced it has shelved itsproposed Sawgrass pipeline project and allied with a formercompetitor, Williams’ Buccaneer Pipeline.
Columbia, PUCO Forge New Deal
Columbia Gas of Ohio and the Public Utilities Commission of Ohio(PUCO) announced a renewed rate freeze last week that Columbia saidwill pave the way for its popular customer choice program tocontinue until 2004. The agreement, which the company said modifiedand extended a five-year deal struck in 1994, was negotiated byColumbia, the Ohio Consumer’s Counsel (OCC), natural gas marketersand a coalition of Columbia customer groups.
Columbia, PUCO Forge New Deal
Columbia Gas of Ohio and the Public Utilities Commission of Ohio(PUCO) announced a renewed rate freeze yesterday that Columbia saidwill pave the way for its popular customer choice program tocontinue until 2004. The agreement, which the company said modifiedand extended a five-year deal struck in 1994, was negotiated byColumbia, the Ohio Consumer’s Counsel (OCC), natural gas marketersand a coalition of Columbia customer groups.
Penn Octane, PG&E Forge Multi-Year NGL Deal
Seeking deeper penetration into Mexico’s gas liquids market,Penn Octane Corp. entered into a multi-year, $40 million contractwith PG&E Natural Gas Liquids (NGL) Marketing L.P. to purchasesupplies of liquefied petroleum gas (LPG), the companies saidyesterday. The LPG will be supplied to Penn Octane’s pipelinenetwork in Texas from PG&E’s Shoup Fractionation Plant nearCorpus Christi, TX.