In only six months since going live with its full spectrum of over-the-counter (OTC) products, Online trading platform IntercontinentalExchange (ICE), has made a significant impact on the energy and metals markets. The company said over 42,000 trades have been made on ICE since it commenced trading with a combined notional value of $70 billion. Trading volumes on ICE have been growing exponentially with average daily volume in March up 33% from February.
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Westcoast Firm Service Near Full, Talks Expansion
Westcoast Energy reported yesterday that shippers fully renewedall firm service on its Southern mainline, as well as on keysegments of its Northern mainline. The announcement comes afterWestcoast last September said it was extending the shipper renewaldate to Jan. 31 for service beginning on Nov. 1.
February 9, 2001
PG&E Northwest Starts Open Season
With its system running full through most of last year, PG&EGas Transmission Northwest (GTN) doesn’t need to read the tealeaves to determine it’s time to expand. The pipeline announced anopen season beginning yesterday for a 200 MMcf/d capacityexpansion.
January 3, 2001
ICE’s Energy Trading is Building a Full Head of Steam
Infant online trading system Intercontinental Exchange (ICE) continues to rack up impressive results, posting over 95 Bcf of physical gas trading, along with almost 970 Bcf of financial gas trading and 40 million MWh of power dealing in its first six and a half weeks of commercial operation.
December 11, 2000
Ice Building a Full Head of Steam
Infant online trading system Intercontinental Exchange (ICE)continues to rack up impressive results, posting over 95 Bcf ofphysical gas trading, along with almost 970 Bcf of financial gastrading and 40 million MWh of power dealing in its first six and ahalf weeks of commercial operation.
December 6, 2000
SoCalGas Stunned by El Paso Capacity Shift
The Federal Energy Regulatory Commission last week basicallytold El Paso Natural Gas to continue full-steam ahead on itsreallocation process at the Topock, AZ, delivery point at theSouthern California border despite pleas by Southern California Gasthat its ratepayers could suffer irreparable harm from the plan.
December 4, 2000
SoCalGas Stunned by El Paso Capacity Shift
The Federal Energy Regulatory Commission last week told El PasoNatural Gas to continue full-steam ahead on its reallocationprocess at the Topock, AZ, delivery point into Southern Californiadespite pleas by Southern California Gas that its ratepayers couldsuffer irreparable harm from the plan.
December 4, 2000
Central Hudson Moves into D.C. Area
Central Hudson Energy Services, with a long-term strategy tooffer a full range of energy supply alternatives, moved toward thatgoal with the purchase this week of Griffith Consumers Co., aheating oil provider with 43,000 retail customers and a significantmarket share in the Washington, D.C. area.
September 1, 2000
BLM Expands Oil Pipeline Review
The Bureau of Land Management (BLM) is taking no chances in thewake of the Carlsbad, NM, natural gas pipeline explosion. It hasordered a full Environmental Impact Statement (EIS) on a proposalto refurbish and put back into service the Equilon Pipeline, a406-mile, 42-year old crude oil pipeline from Odessa, TX toBloomfield, NM.
August 31, 2000
PG&E Corp.’s Harquahala Almost a Reality
PG&E Corp. moved another step closer to full approval of its proposed natural gas-fired 1,040 MW natural gas-fired plant to be located in Maricopa County, AZ. The Maricopa County Board of Supervisors unanimously approved a special use permit for the pending electric generation facility to be positioned near Phoenix.
August 21, 2000
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