Internal

El Paso’s latest internal production forecasts point to a need for an additional 2 Bcf/d of pipeline capacity from the Rocky Mountain production areas to markets by 2010, an executive for El Paso Western Pipelines told a Denver audience last Wednesday.

El Paso’s latest internal production forecasts point to a need for an additional 2 Bcf/d of pipeline capacity from the Rocky Mountain production areas to markets by 2010, an executive for El Paso Western Pipelines told a Denver audience last Wednesday.

Columbia Gas said maintenance beginning Monday on its VM-108 line will result in zero non-firm capacity through the internal constraint at Louisa and in Market Area 33.This restriction is tentatively scheduled to last seven to 10 days, Columbia said, but is subject to change for reasons such as third-party-controlled events and decisions, weather, work schedules, equipment availability, force majeure events, etc.

Aquila officials have dismissed allegations in an anonymous letter from a group of the company’s own employees that charges that company executives falsified earnings and manipulated corporate accounting in an effort to boost executive compensation. The letter has been forwarded to a special audit committee for an investigation, and the audit committee has notified the Securities and Exchange Commission of the matter.

Aquila officials have dismissed allegations in an anonymous letter from a group of the company’s own employees that charges that company executives falsified earnings and manipulated corporate accounting in an effort to boost executive compensation. The letter has been forwarded to a special audit committee for an investigation, and the audit committee has notified the Securities and Exchange Commission of the matter.

A report by internal investigators paints former Enron Corp. Chairman Kenneth L. Lay as an absent executive who seemed to be always just returning from business trips, had precious little first-hand knowledge of the financial details of the energy trading company that he oversaw, and accepted at face-value the judgments and decisions of his right-hand men.

PG&E Gas Transmission-Northwest (GTN) reported discovering internal problems with the B unit at Station 6, requiring that the unit be withdrawn from service. As a result, Kingsgate capacity was restricted to 2,400 MMcf/d in Thursday’s Intraday 1 scheduling cycle until further notice.

Enron Corp. fired back at California yesterday, filing a lawsuit against a state Senate committee to block a subpoena for internal documents covering virtually its “entire western marketing and trading operations.” The suit against the Senate Select Committee to Investigate Price Manipulation of the Wholesale Energy Market was filed in the Superior Court of the State of California in Sacramento.

Nymex got final approval last week for its demutualization plan from the Internal Revenue Service, which said there would be no tax consequences for the organization or its members. The plan, which calls for the equity in the exchange to remain with the seat-owners of its Nymex Division, will make the exchange the first in New York to convert from a not-for-profit membership structure to a for-profit organization.