As natural gas values continue to hover below six-year lows, Massachusetts-based investor-owned electric and gas utility NSTAR informed its natural gas customers this week that they likely will be seeing a 70% decrease in prices starting in May.
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Transportation Notes
Pacific Gas & Electric did not extend a customer-specific low-inventory OFO beyond Wednesday.
Calypso Pulls Plug on Florida Deepwater Port Project
Calypso LNG LLC said it has informed the Maritimes Administration (MARAD) and U.S. Coast Guard that it will withdraw its application for a deepwater port license to build a liquefied natural gas (LNG) facility off the southeastern coast of Florida.
Maine’s Downeast LNG Continues; Quoddy Bay Falters
Responding to FERC’s forewarning that the pipeline portion of its Downeast LNG project could be in jeopardy, the company has informed the agency that it will hold a 30-day open season for capacity on the line beginning Monday (Nov. 3). At the same time another coastal Maine project, Quoddy Bay LNG LLC told state regulators it was withdrawing its request for state permits following FERC’s dismissal of its import terminal application.
Egged on by FERC, Downeast Pipe to Start Open Season Nov. 3
Responding to FERC’s forewarning that Downeast Pipeline LLC’s pipeline project could be in jeopardy, the company has informed the agency that it will hold a 30-day open season for capacity on the line beginning Monday (Nov. 3).
Transportation Notes
Florida Gas Transmission ended Saturday an Overage Alert Day that had been in effect since the preceding Wednesday.
Transportation Notes
Questar said Friday it has been informed that repairs to Greasewood Compressor Station, which experienced a mechanical failure Dec. 16 (see Daily GPI, Dec. 19) will not be completed until Jan. 8.
Industry Briefs
Egan Hub Storage LLC, a subsidiary of Duke Energy Gas Transmission, has informed FERC that it has placed in service 5.5 Bcf of additional capacity at its natural gas storage facility in Acadia Parish, LA. The new capacity is about half of the total capacity that was authorized for a third cavern in an April 2003 order [CP03-12). That order granted Egan Hub certificate authority to boost the capacity of a third salt dome storage cavern to 10.5 Bcf, raising the maximum aggregate operating capacity of its storage field to 31.5 Bcf, of which 24 Bcf would be working gas. The April 2003 decision, which was amended in July, extends the deadline to allow Egan to have the remaining storage capacity of the third cavern (5 Bcf) in service by Oct. 1, 2009. Duke Energy subsidiary Market Hub Partners (MHP) owns Egan Hub, which has 16 Bcf of existing storage capacity. MHP also owns and operates the Moss Bluff, TX salt dome, which has 16 Bcf of working gas capacity as well.
Egan Adds 5.5 Bcf of Storage Capacity in LA
Egan Hub Storage LLC, a subsidiary of Duke Energy Gas Transmission, informed FERC on Monday that it has placed in service 5.5 Bcf of additional capacity at its natural gas storage facility in Acadia Parish, LA.
Transportation Notes
Florida Gas Transmission did not extent an Overage Alert Day beyond Tuesday.