Inability

Given the inability of the natural gas standards-setting organization to resolve the issue of intra-day recalls of released transportation capacity, FERC has issued a notice of proposed rulemaking (NOPR) that would give releasing shippers the flexibility to re-nominate their recalled capacity at the next scheduling opportunity provided by an interstate pipeline.

Disappointed at the inability of El Paso Natural Gas and its shippers to cure the capacity-allocation ills on the pipeline on their own, FERC last week prescribed its own antidote that requires El Paso to assign firm capacity at the four Topock delivery points based on a “one-time election” in which the shippers will decide how much of their contract delivery rights to designate to each point

Frustrated by the inability of El Paso Natural Gas and itsshippers to resolve the capacity-allocation problems on thepipeline, FERC yesterday unveiled its own “multi-step” solutionthat requires El Paso to make a one-time assignment of primary firmcapacity rights based on shipper elections to alleviate thecongestion surrounding gas shipments to the Southern CaliforniaGas/Topock point and the other three Topock points.

Frustrated by its inability to attract investors because theyview it as a stodgy utility, Southern Company last week announced amakeover in the form of a spin-off and IPO to create a separatecompany for most of its non-utility businesses.

Preparing for the potential inability of Peachtree Natural Gasto reliably supply gas, the Georgia Public Service Commission(GPSC) decided to issue an RFP yesterday for any marketer who wouldwant to be an interim pooler and accumulate some or all ofPeachtree’s 177,000 customers. The RFP is scheduled to concludetoday.

Inability to find a buyer for its “high-quality” Gulf of Mexicoproperties pushed Miami-based Forcenergy over the edge into Chapter11 bankruptcy last week, Chairman Stig Wennerstrom said in aconference call. At least one other debt-laden producing companycould follow in its footsteps.

Inability to find a buyer for its “high-quality” Gulf of Mexicoproperties pushed Miami-based Forcenergy over the edge into Chapter11 bankruptcy this week, Chairman Stig Wennerstrom said in aconference call.