Initiated

Florida Gas Transmission allowed an Overage Alert Day to lapse last Saturday that been initiated a week earlier.

AGL Resources initiated a non-binding open season April 30 for a proposed high- deliverability natural gas storage facility in the Spindletop salt dome in Beaumont, TX. The open season for 12 Bcf of working capacity will extend through 5 p.m. CDT May 18. Golden Triangle Storage, a wholly owned subsidiary of AGL Resources, proposes to develop a gas storage facility consisting of two salt-dome storage caverns. The first 6 Bcf cavern is scheduled for full commercial operation in spring 2011, with the second 6 Bcf cavern scheduled to be in operation in 2013. Located at a highly liquid market point, Golden Triangle Storage will interconnect with six intrastate/interstate pipelines serving diverse markets with counter-seasonal demand. The project is located near natural gas supplies, including East Texas gas fields, offshore deep water wells and gas imported through area liquefied natural gas (LNG) terminals. Prospective customers should contact Ed Gottlob at (832) 397-1798 or Laura McGuire Heckman at (832) 397-8503. Additional information, including bid procedures and a bid form, is available at www.goldentrianglestorage-texas.com/

AGL Resources initiated a non-binding open season April 30 for a proposed high- deliverability natural gas storage facility in the Spindletop salt dome in Beaumont, TX. The open season for 12 Bcf of working capacity will extend through 5 p.m. CDT May 18. Golden Triangle Storage, a wholly owned subsidiary of AGL Resources, proposes to develop a gas storage facility consisting of two salt-dome storage caverns. The first 6 Bcf cavern is scheduled for full commercial operation in spring 2011, with the second 6 Bcf cavern scheduled to be in operation in 2013. Located at a highly liquid market point, Golden Triangle Storage will interconnect with six intrastate/interstate pipelines serving diverse markets with counter-seasonal demand. The project is located near natural gas supplies, including East Texas gas fields, offshore deep water wells and gas imported through area liquefied natural gas (LNG) terminals. Prospective customers should contact Ed Gottlob at (832) 397-1798 or Laura McGuire Heckman at (832) 397-8503. Additional information, including bid procedures and a bid form, is available at www.goldentrianglestorage-texas.com/

Columbia Gulf Transmission initiated an open season Monday to run through Friday, May 25, for bids for new capacity and capacity turnback on a project to expand its connection with Sabine Pipeline at the Henry Hub.

Reaffirming PJM’s current “license plate” rate design for allocating the cost of existing facilities and new owner-initiated facilities, FERC late last week reversed the findings of an administrative law judge (ALJ) in a July 2006 initial decision. The judge had found that utilities should pay a uniform “postage stamp” rate for access to the regional transmission grid.

The Senate Energy and Natural Resources Committee has initiated an inquiry into whether traders of natural gas futures contracts are engaging in market manipulation tactics that drive up the prices ultimately paid by end-use gas consumers.

The Senate Energy and Natural Resources Committee has initiated an inquiry into whether traders of natural gas futures contracts are engaging in market manipulation tactics that drive up the prices ultimately paid by end-use gas consumers.

Denver-based Teton Energy Corp. initiated a costless collar gas hedging program for 2007 that is intended to improve financial flexibility by locking in a portion of revenues and cash flow in the event that gas prices decline. The strategy should allow Teton to develop its long-lived producing assets and increase borrowing under its credit facility with BNP Paribas.

FERC on Tuesday initiated audits of several energy companies to determine whether they are complying with the agency regulations governing the reporting of prices on natural gas trades to published indexes.