Dynegy Inc. said yesterday it is combining its power generationoperations with its trading and marketing organization to “furtherdefine and capture opportunities presented by the convergence ofthe gas and power industries.” The new organization will operateunder the name Dynegy Marketing and Trade. Steve Bergstrom willserve as president and chief operating officer.
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Outage-Driven Rockies Lead Further Price Gains
Encouraged by another skyrocketing screen, growing airconditioning load and a major supply outage in the Rockies, cashprices were on the rise Friday almost across the board by anywherefrom 2 to 18 cents. Most upticks were in the neighborhood of anickel, but all Rockies pipes were seeing double-digit increases.”I think a lot of people are starting to put their bull horns backon,” commented a Texas source.
Cool West Coast Leads Further Cash Gains
A combination of heat and cold served to keep cash prices on therise again Tuesday. Gains were fairly modest at a nickel or less inthe Gulf Coast, Midcontinent/Midwest and East Coast markets. Theywere primarily supported by continuing air conditioning load in theSouth.
Duke Growing Pipe Presence in TX, LA
Duke Energy Field Services further expanded its South Texasgathering and processing assets with the acquisition of theBrooks-Hidalgo Pipeline System from subsidiaries of Aquila Energyand Mitchell Energy effective April 1.
Transportation Notes
Nautilus Pipeline offshore southeast Louisiana reported havingto shut down Sunday evening until further notice due to a largeslug of liquids being handled at the slug catcher. Nautilus toldshippers Monday they were released to flow to other systems “forthe next seven to 10 days.” Inquiries about the line’s recentvolumes were not answered Tuesday.