Glitches

Some glitches are being observed in the rush to develop liquefied natural gas (LNG) export projects in western Canada as the timeline shortens for U.S. Department of Energy (DOE) rulings on more than a dozen similar projects aimed at non-free trade agreement (FTA) nations, a report Monday from Barclays Commodities Research said.

Hearings on Enron Corp.’s reorganization plan began last week in a New York City courtroom, and barring any legal glitches, acting CEO Stephen Cooper said he expects the final plan to be approved. Although it still faces hundreds of lawsuits, Enron could emerge from bankruptcy by the end of the year.

Given that the New York Independent System Operator (NYISO) isalready working to remedy market flaws in its system, FERC hasrejected the relief sought by Niagara Mohawk Energy Marketing Inc.(NIMO Marketing) in connection with the NYISO’s software-relatedfailure to export power to the Pennsylvania-New Jersey-Maryland(PJM) system in early May.

Given that the New York Independent System Operator (NYISO) isalready working to remedy market flaws in its system, FERC rejectedthe relief sought by Niagara Mohawk Energy Marketing Inc. (NIMOMarketing) in connection with the NYISO’s software-related failureto export power to the Pennsylvania-New Jersey-Maryland (PJM)system in early May.

The majority of the oil and gas industry – 94% – report theircomputer systems will be ready by Sept. 30th to deal with anyglitches that may be brought about by the change to a newmillennium, according to the latest survey conducted by the NaturalGas Council and the American Petroleum Institute (API). The entireindustry expects to be Y2K ready by the end of December.

The majority of the oil and gas industry – 94% – report theircomputer systems will be ready by Sept. 30 to deal with anyglitches that may be brought on by the change to 2000, according tothe latest survey conducted by the Natural Gas Council and theAmerican Petroleum Institute (API). The entire industry expects tobe Y2K ready by the end of December.

The Senate Energy and Natural Resources Committee will considerthe confirmation of Commissioner William Massey to a second term atFERC at a hearing this Thursday. There, he is expected to get awarm reception.