Holding

The Vector Pipeline project, a proposed $470 million pipelineextending from Chicago to the Dawn hub in Ontario, is currentlyholding an open season through May 19. Vector said it is focused onselling the 300 MMcf/d dedicated to come online when its Highlandcompressor station is put in service in 2001. The open seasonstarted last week.

The Vector Pipeline project, a proposed $470 million pipelineextending from Chicago to the Dawn hub in Ontario, is currentlyholding an open season through May 19. Vector said it is focused onselling the 300 MMcf/d dedicated to come online when its Highlandcompressor station is put in service in 2001.

An attempt to slow development of merchant power plants inFlorida has been derailed, at least temporarily, but independentpower in the sunshine state still faces some governmental hurdles.

Although the creation of Westar Energy did not follow the pathoriginally intended, plans for the utility holding company were setin motion last week when Western Resources announced it will splitthe company into two separate entities, one covering electricutility businesses and another for its non-electric operations.Both companies will be public entities. The separation is expectedoccur through a voluntary exchange offer expected to be completedprior to year-end.

The Houston Exploration Co, and KeySpan Energy concluded theirreview of strategic alternatives for Houston Exploration and saidKeySpan will retain its 64% equity position in Houston Explorationfor the foreseeable future.

Williams and British Columbia Hydro are holding an open seasonthrough Feb. 22 for their proposed Georgia Strait Crossing PipelineProject (GSX). The project was announced in September (see Daily GPI,Sept. 30).

Absent anything in the way of new influences from weather orfutures, most of the market went into a holding pattern Thursday.Mild softness permeated much of the general flatness as what wasconsidered a bullish storage injection report Wednesday afternoonfailed to provide support for cash prices. Northeast citygates fellabout a nickel, resuming their decline after a brief respite fromthe softness that had prevailed since the first of the month.

The Iroquois Gas Transmission System LP is holding an openseason for gas delivery into the New York City area. Iroquoisproposes to construct a 29-mile extension of its mainline,originating in Northport, Long Island, and terminating at a newinterconnect with Consolidated Edison in Bronx, NY. Thisinterconnect will provide access to both Con Ed and the New YorkFacilities System.

The Iroquois Gas Transmission System LP is holding an openseason for gas delivery into the New York City area. Iroquoisproposes to construct a 29-mile extension of its mainline,originating in Northport, Long Island, and terminating at a newinterconnect with Consolidated Edison in Bronx, NY. Thisinterconnect will provide access to both Con Ed and the New YorkFacilities System.