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Mobile Bay Expansion In Service

Phase I of Transcontinental Gas Pipe Line’s Mobile Bay Lateralexpansion went into operation last Saturday providing 350 MMcf/d ofcapacity from the Outer Continental Shelf to Station 82 and 214MMcf/d onshore from Station 82 to Transco’s mainline near Butler,AL. July 1 was the initially targeted in-service date.

August 7, 1998

Senate Confirms Richardson to Head DOE

A last-minute concession by the White House on nuclear-wastestorage cleared the way for the Senate on Friday to confirm byunanimous consent Bill Richardson, currently the U.S. ambassador tothe United Nations, as the next secretary of the Department ofEnergy (DOE).

August 3, 1998

Murkowski Plans Hearing into Power Price Spikes

Senate Energy Committee Chairman Frank Murkowski (R-AK) lastweek said he will hold a hearing into the price spikes in theMidwest electricity market after the Senate returns from its recessin September.

August 3, 1998

FERC Sees Merit to Phelps Dodge Complaint

FERC last week came down on the side of Phelps Dodge Corp. in acomplex contract dispute with El Paso Natural Gas. It ordered theTexas-based pipeline to either add the delivery points sought byPhelps Dodge, or to show cause within a month why – due tooperational and capacity constraints – it cannot do so.

July 21, 1998

Enron Sees Robust 2Q Wholesale Growth, EES Losses

Enron deliveries of energy commodities grew 47% from the secondquarter of last year, including a 10% increase in gas deliveriesand a more than 100% increase in power marketed. However, resultsof the gas pipeline group and exploration and production were offslightly, and the retail business, Enron Energy Services (EES),lost more money than it did a year ago.

July 15, 1998

MPSC Lets LDCs Charge for Tracking Title

Marketers lost a battle against LDCs last month when theMichigan Public Service Commission (MPSC) sided with MichiganConsolidated Gas (MichCon) and Consumers Energy in a dispute overfees charged for tracking title to gas that changes hands on theLDCs’ systems. The MPSC found it had no jurisdiction to regulatetitle transfer tracking fees.

July 14, 1998

Study: Bulk Power Market Grew 15% Last Year

Bulk power transactions in 1997 increased significantly over1996 levels, pointing to the continued emergence of a competitivewholesale power market, according to Metzler Services’ 1997operating data and statistics for the electric utility industry.

July 9, 1998

Vector Project Arrives at NEB

IPL Energy and MCN Energy took the last major regulatory step inadvancing their 1 Bcf/d Vector Pipeline project this week by filingan application with Canada’s National Energy Board forauthorization to construct the 16-mile Ontario portion of the342-mile line. An application for the larger U.S. portion was filedwith FERC in December.

July 8, 1998

TransCanada, NOVA Complete Merger

TransCanada PipeLines Limited and NOVA Corp. last week completedtheir merger, the largest ever undertaken by energy companies inCanada. The new TransCanada PipeLines Limited and NOVA Corp. begantrading in Canada July 3. Trading began in the United StatesMonday.

July 7, 1998

Evergreen Increases Stake in Raton Basin

Evergreen Resources Inc. last week reached an agreement toacquire Amoco Production’s oil and gas interests in the Raton Basinof Colorado, resolving current litigation matters between the twoproducers.

July 6, 1998