Holding

Transcontinental Gas Pipe Line is holding an open season on yetanother proposed mainline expansion project designed to serve theeastern seaboard. The open season will run from Aug. 31 to Sept. 29for shippers interested in incremental annual firm transportationservice to be created by the Momentum Expansion Project.

Transcontinental Gas Pipe Line is holding an open season on yetanother proposed mainline expansion project designed to serve theeastern seaboard. The open season will run from Aug. 31 to Sept. 29for shippers interested in incremental annual firm transportationservice to be created by the Momentum Expansion Project.

The battle lines are forming as competition for recognition as the top online energy trading platform heats up. The Energy Trading Platform Holding Company (ETPHCo.), comprised of six of the leading power and natural gas trading companies, has entered into a deal to purchase an interest in Atlanta-based IntercontinentalExchange, which claims to be the world’s largest Internet-based, over-the-counter (OTC) marketplace for energy and metals.

The battle lines are forming as competition for recognition asthe top online energy trading platform heats up. The Energy TradingPlatform Holding Company (ETPHCo.), comprised of six of the leadingpower and natural gas trading companies, has entered into a deal topurchase an interest in Atlanta-based IntercontinentalExchange,which claims to be the world’s largest Internet-based,over-the-counter (OTC) marketplace for energy and metals.

Union Gas Storage & Transportation Services is holding anopen season on long-term firm transportation for upstream,downstream and bundled options through Sept. 1. With the openseason results, Union Gas plans to request an expansion of itsoperations to the Ontario Energy Board later this year. All bidsand/or requests for services have to be received by 5 p.m. Sept. 1.Contact Scott Hubert at (519) 358-4012 for information.

Atlanta’s natural gas utility holding company, AGL ResourcesInc., whose stock prices have fallen nearly 14% in the past year,said last week that cost cutting and more customers will pushthird-quarter profits ahead of analysts’ estimates. AGL wasexpected to earn 21 cents a share in the three months ending lastFriday (June 30), the average estimate of several analysts polledby First Call/Thomson Financial.

Atlanta’s natural gas utility holding company, AGL ResourcesInc., whose stock prices have fallen nearly 14% in the past year,said yesterday that cost cutting and more customers will pushthird-quarter profits ahead of analysts’ estimates. AGL wasexpected to earn 21 cents a share in the three months ending today,the average estimate of several analysts polled by FirstCall/Thomson Financial.

Trailblazer Pipeline is holding an open season to see ifshippers are interested in a pipeline expansion or an extensionproject that would provide greatly expanded market access forPowder River Basin producers.

Tennessee Gas Pipeline is holding an open season through May 31to solicit interest in its Mississippi 500 Line Expansion Project.Tennessee expects the expansion to involve about 700,000 Dth/d offirm service starting June 1, 2001.