Informed

Dominion Retail Holds Off on Vying for VA Electric Pilot Customers

Dominion Retail, the electric and gas marketing arm of Dominion, has informed 19,000 of its electric customers in Virginia that they will be switched back to Dominion Virginia Power in the near future, after Dominion Retail determined that current prices in Virginia’s wholesale power market are not at a level where the retailer can effectively compete for those customers.

April 8, 2002

Former Enron Employees Gain ‘Committee’ Status in Bankruptcy Court

In a victory for laid-off employees of bankrupt Enron Corp., U.S. Trustee Carolyn Schwartz informed attorneys for the Severed Enron Employees Coalition (SEEC) on Thursday that she will appoint an “official committee” to focus on their issues. The committee would have basically the same standing as the 15-member Official Committee of Unsecured Creditors set up to oversee Enron’s assets and debts, which could give the former workers a better chance of recovering benefits.

February 19, 2002

Transportation Notes

The BP-operated Pascagoula (MS) Plant has informed Destin Pipeline that a full plant shutdown will be required Tuesday to replace a leaking upstream valve. The processing outage will begin at 9 a.m. CST and is expected to last no more than 12 hours. The Destin gas stream is rich enough that it must be processed to meet quality specs of downstream pipes, a spokesman said, so Destin operators will have to shut in during the plant work. Current throughput is down to about 500 MMcf/d because of some producer maintenance, so the plant outage will affect about 250 MMcf that day. An earlier Destin bulletin board posting had said the plant work was set for Monday, but it was decided early Thursday afternoon to wait until Tuesday in an effort to accommodate producer interests, the spokesman said.

February 1, 2002

Transportation Notes

Kern River reported being informed by affiliate Williams Field Services that Jonah Field operators will perform maintenance at Byrd Canyon #2 today. Nominations at the WFS-operated Opal Plant will be reduced in the timely cycle. The total tailgate impact is estimated at 103,000 dekatherms.

January 31, 2002

Transportation Notes

Kern River reported being informed by affiliate Williams Field Services that Opal Plant was experiencing gas quality issues involving high water content at the tailgate. WFS was cutting Opal nominations in the Intraday 2 process Monday. The plant dropped 85 MMcf Monday from its normal throughput of about 740 MMcf/d, a WFS spokesman said, but the situation was improving Tuesday and any further loss was expected to be minimal.

January 9, 2002

ChevronTexaco Begins Cutting 4,000 Jobs

ChevronTexaco Corp. informed the Securities and Exchange Commission last week that it has started to lay off 7% of its work force, or about 4,000 employees out of a total of 57,000, as part of a program designed to trim $1.2 billion/year in overhead following its merger. The cuts are in line with what the companies expected last year when their merger was first announced.

November 19, 2001

ChevronTexaco Begins Cutting 4,000 Jobs

ChevronTexaco Corp. informed the Securities and Exchange Commission this week that it has started to lay off 7% of its work force, or about 4,000 employees out of a total of 57,000, as part of a program designed to trim $1.2 billion/year in overhead following its merger. The cuts are in line with what the companies expected last year when their merger was first announced.

November 16, 2001

Hebert Signals Intent to Leave FERC; Madden Departs

Ending months of speculation, FERC Chairman Curt Hebert Jr. has informed the White House that he will step down from the Commission at the end of August. At the same time FERC General Counsel Kevin Madden, who has long had a hand in directing Commission activities, will also leave to take a position with AGL Resources in Atlanta.

August 13, 2001

Hebert Signals Intent to Leave FERC

Ending months of speculation, FERC Chairman Curt Hebert Jr. informed the White House late last week that he will step down from the Commission at the end of August.

August 7, 2001

Millennium Tells FERC It’s 81% Subscribed

Millennium Pipeline Co. L.P. informed FERC last week that it has subscribed 81.5% of its Canada-to-New York pipeline project.

April 3, 2001