Inventory

Pacific Gas & Electric issued a high-inventory OFO for todaywith $1/dth penalties for positive daily imbalances exceeding a 5%tolerance.

Due to extremely high storage inventory levels and continuedweather predictions at or above normal temperatures, Williams GasPipeline Central has been experiencing daily storage injectionsthat are substantially above contractual limits, especially onweekends, the pipeline said. Shippers under TSS and FSS rateschedules are required to adhere to their maximum daily injectionquantity and their defined contractual maximum storage quantities.Due to warmer-than-normal weather forecasts, shippers and pointoperators will need to decrease corresponding supplies to matchdeliveries. During this time, the pipeline will not acceptimbalance payback or banking of gas. If corrective action is nottake, an operational flow order may be necessary effective gas daySaturday.

Pacific Gas & Electric issued a low-inventory Stage 1 OFOfor today. It carries penalties of $1/dth for negative dailyimbalances exceeding a relatively stringent 2% tolerance range.

Over the weekend Pacific Gas & Electric issued ahigh-inventory OFO with 10% tolerance on positive daily imbalancesfor Sunday but did not continue the OFO Monday.

For the second week in a row, Pacific Gas & Electricdeclared an unusual weekday low-inventory OFO. The order, effectivetoday, carries $1/dth penalties for negative imbalances exceeding10%.

Pacific Gas & Electric continued a low-inventory OFO begunWednesday (see Daily GPI, Aug. 25)through today with no change in imbalance tolerance orpenalties. PG&E extended a projection of below-target linepacklevels through Saturday.

Pacific Gas & Electric continued a high-inventory OFO thatbegan Saturday (see Daily GPI, Aug. 16)through Monday, tightening an initial tolerance of 5% for positivedaily imbalances to 2% Sunday and then loosening it again to 5%Monday. No OFO is in effect today.

Pacific Gas & Electric issued a high-inventory OFO,effective Saturday, with 5% tolerance for positive dailyimbalances. The utility projected above-target linepack throughtoday. However, fellow California distributor SoCal Gas did nothave an OFO-like Overnominations Day in place for Saturday.

PG&E declared a system-wide OFO with a 7% tolerance with aStage I non-compliance charge of $1.00/Dth due to high inventoryfor the weekend.