Investigations

FERC announced Thursday it has approved a $4 million settlement agreement between its Office of Market Oversight and Investigations (OMOI) and Coral Energy Resources related to Coral’s failure to disclose to the Commission that a trader provided false transaction information to price survey publishers in the 2000-2001 time period (IN05-5).

While congressmen and regulators are busy scheduling investigations into high gas prices, consultants at Energy and Environmental Analysis Inc. (EEA) reiterated in their most recent Monthly Gas Update that they have been expounding the view of prevailing gas market tightness since the late 1990s. “To put it bluntly, barring real warm winter weather or a deep recession, five dollar per MMBtu plus natural gas prices are here to stay for the next few years,” EEA said.

While congressmen and regulators are busy scheduling investigations into high gas prices, consultants at Energy and Environmental Analysis Inc. (EEA) reiterated in their most recent Monthly Gas Update that they have been expounding the view of prevailing gas market tightness since the late 1990s. “To put it bluntly, barring real warm winter weather or a deep recession, five dollar per MMBtu plus natural gas prices are here to stay for the next few years,” EEA said.

TransCanada PipeLines’ preliminary investigations have indicated external corrosion was the likely cause of two ruptures in a 36-inch NOVA line pipeline in northwest Alberta last Monday and Tuesday that has closed down about 800 MMcf/d of throughput.

TransCanada PipeLines’ preliminary investigations have indicated external corrosion was the likely cause of two ruptures in a 36-inch NOVA line pipeline in northwest Alberta Monday and Tuesday that has closed down about 800 MMcf/d of throughput.

FERC’s Office of Market Oversight and Investigations (OMOI) called the storage recovery this year nothing short of “remarkable” and told the full Commission in a new Winter Energy Market Assessment last week that the “system is reset” and prepared to handle whatever winter delivers.

FERC’s Office of Market Oversight and Investigations (OMOI) called the storage recovery this year nothing short of “remarkable” and told the full Commission in a new Winter Energy Market Assessment Thursday that the “system is reset” and prepared to handle whatever winter delivers.

William Hederman, chief of FERC’s Office of Market Oversight and Investigations (OMOI), last Wednesday said the agency has received a healthy response to a recent survey on price reporting practices that was sent out to 300 natural gas and electric wholesale suppliers. The survey was designed to determine whether the companies are complying with standards FERC issued earlier this year to thwart future abuses.

William Hederman, chief of FERC’s Office of Market Oversight and Investigations (OMOI), on Wednesday said that the agency has received a healthy response to a recent survey sent out to approximately 300 natural gas and electric wholesale suppliers to collect information about the companies’ price reporting practices and determine whether they are complying with the standards that were designed by the agency to thwart future abuses.