Limit

Dominion said FTNN (Firm Transportation No-Notice) Hourly Limit and Conform Transportation Services to Scheduled Nominations OFOs will take effect Monday for several pipeline/utility meters in its Mid-Atlantic PL-1 service area. See the bulletin board for details.

After rescinding Monday FTNN (Firm Transportation No-Notice) Hourly Limit and Conform Transportation Services to Scheduled Nominations OFOs that it had implemented last week for seven utility meters in New York state (see Daily GPI, Jan. 6), Dominion said the same OFOs will be reinstated Friday for the same New York meters.

Dominion rescinded Monday FTNN (Firm Transportation No-Notice) Hourly Limit and Conform Transportation Services to Scheduled Nominations OFOs that it had implemented last week for several utility meters in New York state.

At noon EST Wednesday Dominion added FTNN (Firm Transportation No-Notice) Hourly Limit and Conform Transportation Services to Scheduled Nominations OFOs in its PL-1 service area in the Mid-Atlantic to the ones it had announced a day earlier for seven utility meters in New York state (see Daily GPI, Dec. 31). The first PL-1 OFO affects 14 pipeline/utility meters, while 13 meters are impacted by the second OFO. See the bulletin board for details.

Dominion said it will implement Wednesday an FTNN (Firm Transportation No-Notice) Hourly Limit OFO and a Conform Transportation Services to Scheduled Nominations OFO for seven utility meters in New York state. OFO conditions will be similar to those of ones issued prior to Christmas (see Daily GPI, Dec. 24). See the bulletin board for details.

Dominion said two OFOs will take effect Wednesday until further notice. The FTNN Hourly Limit OFO #1 will apply to the meters of upstate New York utilities Corning Natural Gas, New York State Electric & Gas, Rochester Gas & Electric Meter, Niagara Mohawk Power, Niagara Mohawk Power East and Fillmore Gas. The Conform Transportation Services to Scheduled Nominations OFO #2 will apply to the same meters plus that of National Fuel Gas Distribution. See the bulletin board for OFO conditions and requirements.

Producers and major natural gas customers have called on FERC to limit the scope of a proposed daily capacity posting requirement to only those intrastate pipelines that are connected to major market hubs in the United States, while Texas regulators argued that FERC was overstepping its authority by interfering in the Lone Star State’s intrastate market. Others urged the agency to take steps to maintain the confidentiality of the companies that will be required to report natural gas sales and purchases under the proposed rule.

Producers and major natural gas customers have called on FERC to limit the scope of a proposed daily capacity posting requirement to only those intrastate pipelines that are connected to major market hubs in the United States, while Texas regulators argued that FERC was overstepping its authority by interfering in the Lone Star State’s intrastate market. Others urged the agency to take steps to maintain the confidentiality of the companies that will be required to report natural gas sales and purchases under the proposed rule.

Congress needs to take steps to regulate all natural gas commodity markets equally, impose a limit on traders’ positions, enforce the statutory prohibition against excessive speculation and give the Commodity Futures Trading Commission (CFTC) a bigger budget to prevent a replay of the Amaranth hedge fund collapse last year, which took a major toll on consumers, said the chairman of the Senate Permanent Subcommittee on Investigations last Monday.