Kind

In the fourth sale of its kind, the Minerals Management Service (MMS) recently awarded a contract to Cinergy Marketing & Trade LP for delivery of 9,000 MMBtu/d, with the gas coming from the Bureau of Land Management’s (BLM) Cliffside Helium Enrichment Unit near Amarillo, TX. The 12-month delivery began April 1.

Asserting that the current landscape for merger-related activity in the utility sector is “kind of barren,” Dominion Resources Inc. CEO Thomas Capps on Friday denied rumors that the Virginia-based power company is in merger talks with another unnamed company.

In the first action of its kind, a Denver, CO-based marketer is challenging the right of an interstate natural gas pipeline to demand up-front payment of collateral equal to a full year of reservation charges from shippers that are perceived to be potential credit risks.

In the first action of its kind, a Denver, CO-based marketer is challenging the right of an interstate natural gas pipeline to demand up-front payment of collateral equal to a full year of reservation charges from shippers that are perceived to be potential credit risks.

Liquidity at the citygates has become a problem for industrial buyers with the disappearance of large trading companies, and the middleman buyer for Ford Motor, General Electric and DaimlerChyrsler, among others, is going back to the field for his supplies.

Liquidity at the citygates has become a problem for industrial buyers with the disappearance of large trading companies, and the middleman buyer for Ford Motor, General Electric and DaimlerChyrsler, among others, is going back to the field for his supplies.

The market was “kind of back to normal,” as one trader expressed it, Wednesday following the fundamentals-defying firmness of the previous day. Bowing to the unseasonably mild temperatures dominating all regions (Florida remained something of an exception), prices fell by about a dime or less at a majority of points.

This represents a new kind of approach by the Commission to the market, “which is that we’re acting not reacting,” said Commissioner Nora Brownell. The creation of this mechanism does not necessarily mean FERC has seen a “pattern of abuse” by pipelines that would warrant “more vigorous pursuit” of OFO activity, she noted. “We are simply setting up the mechanisms by which we will know them [OFO abuses] when we see them and be able to deal with them.”

Calling it a first of its kind, producer EOG Resources ofHouston and independent power producer Calpine Corp., of San Jose,CA, announced Monday they have completed a multi-million-dollardeal for a one-year supply of natural gas from offshore Texas tiedto the price of electricity. Starting Jan. 2001 through Dec. 31,2001, the contract calls for 10 MMcf/d of gas.