Many market prognosticators have realized recently that theirgas price projections are quite a bit too low for the rest of theyear because of declining gas wellhead deliverability, a reducedstorage surplus relative to last year and ever increasing gasdemand. The Energy Information Administration joined that crowdyesterday, concluding its wellhead price forecast for the fourthquarter was 25 cents too low. It raised it to $2.41/Mcf in its MayShort Term Energy Outlook.
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Utilities, IPPs, Consumers Support NY Energy Tax Removal
New York’s utilities, independent power producers, marketers andlarge energy consumers have banded together for the first time toshow their support for Governor George Pataki’s plan to restructurethe state’s energy tax system and give back about $150 million/yearin gas and electricity tax revenue.
Processing Volumes Rise at Alberta Plant
Calgary-based TransCanada Gas Processing Ltd., the generalpartner of TransCanada Gas Processing LP, said processing volumesat the Cutbank Joule-Thompson (J-T) plant have increasedsignificantly since operations began last month due to tie-in ofChevron Canada Resources production four months ahead of schedule.
Utilities, IPPs, Consumers Support NY Energy Tax Removal
New York’s utilities, independent power producers, marketers andlarge energy consumers have banded together for the first time toshow their support for Governor George Pataki’s plan to restructurethe state’s energy tax system and give back about $150 million/yearin gas and electricity tax revenue.
Transportation Notes
Transco shippers have accumulated a significant negativeimbalance through the first 20 days of April, the pipeline said. Inorder to avoid restrictions that would be caused by a large volumeof receipt makeup transactions requested to flow for a limited timeat the end of the month, Transco urged that such transactions bescheduled as soon as possible to allow a steady flow rate throughApril 30.
At-Risk Condition Sought for Second ANR Expansion
Several Wisconsin utilities and gas producers have asked FERC toplay it cautious when reviewing ANR Pipeline’s application for asecond capacity expansion of its existing system through northernIllinois and southern Wisconsin markets.
At-Risk Condition Sought for 2nd ANR Expansion
Several Wisconsin utilities and gas producers have asked FERC toplay it cautious when reviewing ANR Pipeline’s application for asecond capacity expansion of its existing system through northernIllinois and southern Wisconsin markets.
Avista, PG&E GT Plan Gas Storage in Washington
The storage-poor Pacific Northwest could get some needed reliefin the near future. Avista Corp. and PG&E GasTransmission-Northwest (PG&E GT-NW) have joined forces toinvestigate building another underground natural gas storagefacility in an aquifer in eastern Washington near theinterconnection of PG&E GT-NW and Williams (NorthwestPipeline).
Avista and Reliant Make Distribution Pact
Avista Corp.’s Internet specialty billing and informationservices affiliate, Avista Advantage, and Reliant Energy havereached a product distribution agreement.
Columbia, Energy.com Offer Online Supplier Switching
Energy.com and Columbia Gas of Ohio have teamed up to enableColumbia Gas customers to switch suppliers online from theEnergy.com web site as part of the utility’s customer choiceprogram. It marks Energy.com’s entrance into active deregulationenrollment services, the company said.