Transco’s Y2K Precaution Ok’d

FERC has granted Transcontinental Gas Pipeline a “temporary,limited term waiver” of its tariff to require advancecapacity-release offers and nominations for the first week of theYear 2000 by Dec. 27 and 28, respectively. The waiver would extendthrough Jan. 7, Transco said, and would only be used in the eventof an unanticipated systems failure or other Y2K-related problems.

October 1, 1999

Costilla Granted Another Stay

Costilla Energy Inc. of Midland, TX, got another reprieve on itsdebt repayment when its bank credit facility was amended providingfor an extension of the $10.2 million principal payment until June18. The payment was due yesterday after a previous extension. Theindependent oil and gas company is in the process of divesting itsRocky Mountain oil and gas properties.

June 2, 1999

Vector Gets Environmental Nod at FERC

The Federal Energy Regulatory Commission has granted finalenvironmental approval to the U.S. portion of Vector Pipeline,moving it within one step of receiving certification. TheCommission’s action comes in the wake of the National EnergyBoard’s final approval of the Canadian leg of the project.

April 7, 1999

Sempra’s Billion Dollar Mexican Supply Project Advances

Mexico’s Comision Reguladora de Energa (CRE) granted a permitto Transportadora de Gas Natural de Baja California, a subsidiarycompany of U.S.-based Sempra Energy International, for transportinggas to the Presidente Juarez thermoelectric station in Rosarito,Baja California. The pipeline is part of a ten-year gas supplycontract valued at close to a billion dollars. Enova and PacificEnterprises (now combined to form Sempra) won the bid for gas tosupply the generating station. The projected 30-inch diameterpipeline will span 23 miles and is designed to operate with acompression capacity of 810 MMcf/d and operative capacity of 270MMcf/d.

January 11, 1999

NE Hub Opposes Stay of Storage Project

NE Hub Partners L.P. has asked FERC to deny a partial stayrequest of Penn Fuel Gas Inc. that, if granted, would prevent itfrom starting construction on a major underground storage projectin northern Pennsylvania.

August 5, 1998
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