Inadequate

Dallas-based independent Coho Energy Inc. and two of its subsidiaries, Coho Resources Inc. and Coho Oil & Gas Inc., have filed for voluntary bankruptcy protection under Chapter 11. Inadequate liquidity and capital resources and extreme indebtedness forced the company and its subsidiaries to make the filing at the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division. The filing will permit the company to continue business operations while it develops a plan to reorganize its financial affairs.

Oklahoma’s record winter heating costs last season were caused by inadequate planning by Oklahoma Natural Gas Co., and thus customers should get some of their money back, according to witnesses testifying last week before the Oklahoma Corporation Commission (OCC). The Commission is looking into charges that ONG did not adequately prepare for the last winter season, which caused rates to escalate.

Oklahoma’s record winter heating costs last season were caused by inadequate planning by Oklahoma Natural Gas Co., and thus customers should get some of their money back, according to witnesses testifying before the Oklahoma Corporation Commission this week. The Commission is looking into charges that ONG did not adequately prepare for the last winter season, which caused rates to escalate.

Besides pointing up an inadequate physical intrastate natural gas transportation infrastructure, the staff of the Federal Energy Regulatory Commission, has suggested the California Energy Commission (CEC) look into how the regulatory environment may be discouraging electric generators from hooking up to pipelines and distribution systems in the state.

The American Gas Association sees nothing but positives in the current gas supply situation despite the fact that inadequate supply in the face of strong demand growth has been behind the recent record increase in prices and expectations of more than $4 gas price averages this year.

“An inadequate natural gas infrastructure is a major contributor to high prices for natural gas in California,” according to a staff draft report of the California Energy Commission (CEC), which pin-pointed a lack of adequate in-state takeaway capacity as the major factor.

“An inadequate natural gas infrastructure is a major contributor to high prices for natural gas in California,” according to a staff draft report of the California Energy Commission (CEC), which pin-pointed a lack of adequate in-state takeaway capacity as the major factor.

Despite claims that inadequate takeaway capacity at the SouthernCalifornia border had nothing to do with the record spot priceincreases there this winter, Southern California Gas Co.,nevertheless, plans to expand several receipt points by 150 MMcf/d.

Inefficient customer education, inadequate marketercertification and poorly developed information systems forconsumers led to many of the early problems associated withGeorgia’s 1998 natural gas deregulation efforts, according to PaulaG. Rosput, CEO of AGL Resources.