July

Florida Gas Transmission lifted an Overage Alert Day notice Friday that had been in place since July 15.

Florida Gas Transmission lifted an Overage Alert Day notice Friday that had been in place since July 15.

Repairs of a lateral leak (see Daily GPI, July 23) on Matagorda Offshore Pipeline System are expected to be complete by Friday, MOPS operator Northern Natural Gas said Tuesday morning. About 22,000 MMBtu/d is impacted by the shutdown of MOPS Platform 703.

Repairs of a lateral leak (see Daily GPI, July 23) on Matagorda Offshore Pipeline System are expected to be complete by Friday, MOPS operator Northern Natural Gas said Tuesday morning. About 22,000 MMBtu/d is impacted by the shutdown of MOPS Platform 703.

Dynegy Inc.’s power subsidiary plans to raise $325 million by Tuesday (July 23) through two mortgage bond offerings, as part of the energy merchant’s strategic plan to build liquidity and restore investor confidence, which Friday was at an all-time low. With the close of the public offering, Dynegy will have raised more than $1 billion of its $2 billion goal, and has already eliminated two credit ratings triggers and slashed capital expenses. Illinois Power Co., headquartered in Decatur, IL, priced $100 million worth of bonds due in 2007, and $225 million due in 2012; both carry a 10.625% rate.

Dynegy Inc.’s power subsidiary plans to raise $325 million by Tuesday (July 23) through two mortgage bond offerings, as part of the energy merchant’s strategic plan to build liquidity and restore investor confidence, which Friday was at an all-time low. With the close of the public offering, Dynegy will have raised more than $1 billion of its $2 billion goal, and has already eliminated two credit ratings triggers and slashed capital expenses. Illinois Power Co., headquartered in Decatur, IL, priced $100 million worth of bonds due in 2007, and $225 million due in 2012; both carry a 10.625% rate.

Air conditioners are humming virtually everywhere, and that translated into continuing bullishness for almost the entire cash gas market Wednesday. Except for a small decline at Malin and flat to barely higher numbers at a few Northeast citygates, other points saw gains that tended to range from a nickel to a little more than 15 cents.

Air conditioners are humming virtually everywhere, and that translated into continuing bullishness for almost the entire cash gas market Wednesday. Except for a small decline at Malin and flat to barely higher numbers at a few Northeast citygates, other points saw gains that tended to range from a nickel to a little more than 15 cents.

The Nova Scotia Utility and Review Board has set July 8 as the application deadline for companies interested in becoming natural gas distributors in the province. Nova Scotia has been without a gas distributor since last year, when Sempra Atlantic Gas surrendered its exclusive province-wide franchise (see NGI, Oct. 1, 2001).