Hike

Bellevue, WA-based Puget Sound Energy Friday asked state regulators for an overall 13.3% natural gas rate increase, effective Oct. 1, to cover its higher wholesale gas supply costs. The Puget Energy subsidiary made the filing under a “purchased gas adjustment” (PGA) process established by the Washington Utilities and Transportation Commission.

Natural gas producers last week called on FERC to reject a Tennessee Gas Pipeline proposal that they said would more than triple penalties for a certain class of shippers who violates “Action Alert” operational flow orders (OFOs) issued by the pipeline.

Natural gas producers have called on FERC to reject a Tennessee Gas Pipeline proposal that they said would more than triple the penalties for certain shippers who violate “Action Alert” operational flow orders (OFOs) issued by the pipeline.

Cash prices not only sustained their bullish streak that started last Thursday, but also built momentum Monday with gains in many cases even larger than those preceding the weekend. And the ride higher isn’t finished yet, according to some sources. “I expect a $6.75 on the screen tomorrow [Tuesday] and cash will also keep rising,” a marketer predicted.

Calling the last year a “near death experience,” TXU Chairman Erle Nye promised to keep liquidity high and work aggressively to strengthen the company’s balance sheet. He said the Dallas-based utility’s stabilizing operations and improved earnings outlook may allow it to raise its dividend within the next two years.

Calling the last year a “near death experience,” TXU Chairman Erle Nye promised to keep liquidity high and work aggressively to strengthen the company’s balance sheet. He said the Dallas-based utility’s stabilizing operations and improved earnings outlook may allow it to raise its dividend within the next two years.

Citing the need to receive compensation for the upgrades it has made on its natural gas delivery system, North Carolina Natural Gas (NCNG) said Tuesday that it has filed with the North Carolina Utilities Commission (NCUC) seeking a general increase in service rates.

In the wake of questions raised by FERC last month, El Paso Corp. last week sought to assure the Commission that the effect of the recent note sales of its two principal pipeline subsidiaries, Southern Natural Gas (Southern) and ANR Pipeline, will be to “further strengthen” the companies, increase their capital expenditures and lighten their debt loads, while keeping their capital structures for ratemaking at the same level.

In the wake of questions raised by FERC last month, El Paso Corp. last week sought to assure the Commission that the effect of the recent note sales of its two principal pipeline subsidiaries, Southern Natural Gas (Southern) and ANR Pipeline, will be to “further strengthen” the companies, increase their capital expenditures and lighten their debt loads, while keeping their capital structures for ratemaking at the same level.