Hike

FERC last Tuesday granted Gulf South Pipeline Co. LP a limited-term certificate to expand the overall capacity of its Jackson Gas Storage Field in central Mississippi to provide needed additional deliverability on its system for the winter heating season.

FERC on Tuesday granted Gulf South Pipeline Co. LP a limited-term certificate to expand the overall capacity of its Jackson Gas Storage Field in central Mississippi to provide needed additional deliverability on its system for the winter heating season.

FERC on Tuesday granted Gulf South Pipeline Co. LP a limited-term certificate to expand the overall capacity of its Jackson Gas Storage Field in central Mississippi to provide needed additional deliverability on its system for the winter heating season.

Vectren Corp. said it reached a settlement agreement with several parties in Indiana that will allow the company to request a $24 million increase in Vectren North’s (formerly Indiana Gas Co.) base gas distribution rates, which is about half of what the utility originally planned to request.

Vectren Corp. said it reached a settlement agreement with several parties in Indiana that will allow the company to request a $24 million increase in Vectren North’s (formerly Indiana Gas Co.) base gas distribution rates, which is about half of what the utility originally planned to request.

Dominion on Tuesday reported that the utility’s operating earnings for the second quarter of 2004 came in at $267 million, or 81 cents per share, beating the consensus analysts’ estimate carried on Wall Street by a penny, but lower than operating earnings of $271 million, or 86 cents per share, for the same period in 2003.

CenterPoint Energy Minnegasco, Minnesota’s largest natural gas distribution company, on Wednesday filed a request with the Minnesota Public Utilities Commission (MPUC) to increase its residential rates on average 4.1%.

FERC has accepted and suspended for five months a $40.1 million rate hike on Kern River Gas Transmission subject to the result of a hearing. The Commission said the new cost-of-service rates, which total $347.4 million, will be effective on Nov. 1 and in part on June 1, 2005. It denied Kern’s request for fast-track processing of its application.

While rising gasoline prices have captured the attention of Capitol Hill and the mainstream media in past weeks, the spurt in gasoline costs is “nearly inconsequential” when compared to the sharp run-up in natural gas prices over the past years, said the American Chemistry Council (ACC) President Greg Lebedev on Thursday.