Granted

FERC last week granted certificates, subject to conditions, toCentral New York Oil and Gas Co. (CNYOG) to proceed with theconstruction of its Stagecoach storage project and to Tennessee GasPipeline to build a lateral connecting its system with the storagefacility.

FERC yesterday granted certificates, subject to conditions, toCentral New York Oil and Gas Co. (CNYOG) to proceed with theconstruction of its Stagecoach storage project and to Tennessee GasPipeline to build a lateral connecting its system with the storagefacility.

The North Carolina Utilities Commission approved Scanasubsidiary PSNC Energy’s fourth gas rate increase since May. PSNCwas granted an increase from 98 cents per therm to $1.18 per thermfor year around residential customers. The 20% hike goes in effectin January and translates into an annual cost of $160. The ratesPSNC Energy is charging customers are 50% higher than in January2000. On average, residential customers can expect to see around a$340 per year increase to their natural gas bills as compared tolast year. “With plenty of gas in storage for peak demand duringcold winter days, we’re prepared to meet our customers’ demand forgas throughout the winter” said PSNC Energy President Charles E.Zeigler. “At the same time we want to help our customers manage theimpact of higher heating bills.” PSNC is franchised to serve a28-county service area in North Carolina and distributes naturalgas to 360,000 winter-peak customers in 95 cities and communities.

The Colorado Oil and Gas Conservation Commission has grantedBarrett Resources’ proposal to drill one well per 20 acres withinthe company’s 9,000 acre Rulison, Parachute, and Grand Valleyfields located in the Piceance Basin of western Colorado. With thisruling, Denver-based Barrett expects to add 143 Bcf of proved gasreserves from the allotted 134 well sites by the end of 2000.

FERC has granted Panhandle Eastern Pipe Line’s request forrehearing of the capacity-release and penalty issues related to itsproposed hourly firm transportation (HFT) service for gas-firedpower generation facilities.

FERC last week granted Panhandle Eastern Pipe Line’s request forrehearing of the capacity-release and penalty issues related to itsproposed hourly firm transportation (HFT) service for gas-firedpower generation facilities.

The Federal Energy Regulatory Commission yesterday awardedNorthern Border Pipeline a certificate to build its Project 2000extension into northern Indiana, which would provide customersthere access to less expensive Canadian gas supplies for the firsttime.

More than 27,000 Texas royalty owners were granted class actionstatus in a suit charging Ft. Worth-based Union Pacific ResourcesGroup and affiliates manipulated gas transactions resulting inunderpayment of royalties for the last six years.

More than 27,000 Texas royalty owners were granted class actionstatus in a suit against Ft. Worth-based Union Pacific ResourcesGroup Inc. Other defendants include UPR affiliates Union PacificResources Co., Union Pacific Fuels Inc., Union Pacific Oil and GasCo., and Union Pacific Austin Chalk Co.