Going

It looks like Millennium Pipeline’s long wait for a FERC rulingis going to last a little longer. FERC’s Daniel M. Adamson,director of the Office of Energy Projects, turned down a request byMillennium sponsors to exclude from its Final Environmental ImpactStatement an assessment of a proposed route change in WestchesterCounty, NY. Millennium was seeking a speedy FEIS but now will haveto wait until the Commission reviews its route change.

NRG Energy Inc., which has evidenced some pretty big capitalplans of late, is going public. The Minneapolis-based subsidiary ofNorthern States Power filed for an offering of 18% of its commonstock. The maximum aggregate price of the offer is $600 million.All proceeds will remain with NRG Energy.

NRG Energy Inc., a Minneapolis-based wholly owned subsidiary ofNorthern States Power Co., is going public and filed for anoffering of 18% of its common stock. The maximum aggregate offeringprice of the offer is $600 million. All proceeds will remain withNRG Energy.

The right price signals and eventual resulting technologicaladvances are going to be needed to stimulate the number of naturalgas-fired merchant power plants needed over the next 10 years tosatisfy the projected growth in energy requirements, according to aReliant Energy executive. However, actions on both coasts(California and New York) have cast doubts on whether sufficientincentives will fully develop.

The uphill run of the overall market was still going for themost part Wednesday, but at a considerably slower pace than the daybefore as several areas anticipated at least a brief reprieve fromsevere winter weather.

Producer/marketer shippers on El Paso Natural Gas and Californiaregulators aren’t going to like FERC’s ruling on Enron NorthernAmerica Corp.’s 1.2 Bcf/d contract deal with the pipeline — itaccepted the mega-deal and rejected most of their protests.

Producer/marketer shippers on El Paso Natural Gas and Californiaregulators aren’t going to like FERC’s ruling on Enron NorthernAmerica Corp.’s 1.2 Bcf/d contract arrangement with the pipeline— it accepted the mega-deal and rejected most of their protests.

Traders sweating out the warm winter and wondering how they’regoing to get rid of surplus storage can take heart from a newanalysts report that sees 27,000 MW of natural gas-fired powergeneration capacity being added in the next 12 months.

Traders sweating out the warm winter and wondering how they’regoing to get rid of surplus storage can take heart from a newanalysts report that sees 27,000 MW of natural gas-fired powergeneration capacity being added in the next 12 months.