Indicated

Sources have indicated that President Bush has picked Texasregulator Pat Wood III as his final choice for chairman of theFederal Energy Regulatory Commission, short-circuiting the term ofcurrent Chairman Curt Hebert Jr. “It’s a done deal. The paperwork[for Wood’s nomination] is on the way to the Hill,” a source toldNGI. However, the White House has not formally announced its intentto nominate Wood, and the Senate Energy and Natural ResourcesCommittee still hasn’t received the nomination paperwork.

Trunkline Gas Co. has indicated it has “entered into discussionswith several parties” to either sell or spin down one-third of itsmainline system – about 720 miles – for the purpose of convertingthe facilities for transporation of refined petrolum products.

Trunkline Gas Co. has indicated it has “entered into discussionswith several parties” to either sell or spin down one-third of itsmainline system – about 720 miles – for the purpose of convertingthe facilities for the transportation of refined petroleumproducts.

Energy Secretary Bill Richardson has indicated he is “guardedlyoptimistic” about the status of the electric utility industry’spreparedness efforts to deal with computer-related glitches thatmay arise with the arrival of the new millennium.

Producers and distributors last week indicated they generallybacked the thrust of FERC’s proposed rule to expand the blanketconstruction and abandonment certificate authority for pipelinesunder the Commission’s Part 157 regulations, but they – like thepipelines – saw some major problem areas with it.

Peoples Energy Chairman Richard E. Terry indicated last week hiscompany was talking with potential partners about building analternative pipeline project that would extend from the Chicago hubto serve the southern Wisconsin market.

Peoples Energy Chairman Richard E. Terry indicated Tuesday thathis company is talking with potential partners about building analternative pipeline project that would extend from the Chicago hubto serve the southern Wisconsin market.

While gas industry officials debated the merits of capacityauctions, electronic trading experts last week indicated suchauctions were doable from a technical standpoint but would firstrequire a certain amount of standardization of products,definitions and practices. This immediately raised the eyebrows ofsome critics, who believe that too much standardization could beharmful to the gas industry.

While gas industry officials debated the merits of auctions,electronic trading experts earlier this week indicated they weredoable from a technical standpoint but first would require acertain amount of standardization of products, definitions andpractices.