FERC has granted Transcontinental Gas Pipeline a “temporary,limited term waiver” of its tariff to require advancecapacity-release offers and nominations for the first week of theYear 2000 by Dec. 27 and 28, respectively. The waiver would extendthrough Jan. 7, Transco said, and would only be used in the eventof an unanticipated systems failure or other Y2K-related problems.
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Transportation Notes
ANR notified interruptible storage customers under the DDS andMBS rate schedules that they will be limited to zero net injectionsduring the Sept. 1-Oct. 31 period. Injections will be allowed intoDDS/MBS accounts only if the customer withdraws an equal or greateramount of gas prior to Nov. 1.
Transportation Note
Capacity on Transwestern’s San Juan Lateral between Ignacio, COand Blanco, NM will be limited to about 525 MMcf/d during a one-dayemergency shutdown test and maintenance outage May 11 at BloomfieldCompressor Station. Normal capacity of about 800 MMcf/d will resumeMay 12. Transwestern suggested the Blanco and Window Rock points onEl Paso to shippers as alternate options for gas flow out of SanJuan during the Bloomfield outage.
Transportation Note
Replacement of its A-Line north of Stanfield, OR, is keepingKingsgate capacity of PG&E GT-NW limited to 2,250 MMcf/d-370MMcf/d under the April norm-through Friday. Hydrostatic testing ofthe line at Station 6-A will further limit Kinggate to 2,190 MMcf/dApril 19-22.
Fulton Acquires NY Power Plant
Fulton Cogeneration Associates, a limited partnership owned byCoastal Corp. subsidiaries, acquired the 79.6 MW Rensselaercogeneration plant near Albany, NY, and pertinent contracts fromLG&E Westmoreland Rensselaer, in which LG&E IndustrialSales Corp. and Westmoreland-Rensselaer LP are general partners.
Increased Activity Yields Same Result as Futures Slip Again
After being limited to a moribund 2.5-cent range Wednesday, theMarch futures contract snapped back to life yesterday as bulls andbears took turns exerting their influence on the market, which ledto a 7.5-cent trading range. Thursday’s 3-cent setback andsubsequent $1.746 settle would be considered an almost non-eventamid typical winter volatility, but the move was a welcome changeto traders who have grown weary of the slight moves and tighttrading ranges over the past month. Those traders reactedaccordingly, burgeoning estimated volume to 86,227.
FERC Refuses to Stay Sonat’s Northern Alabama Project
FERC last week denied Midcoast Interstate Transmission’s requestfor a limited stay of the orders giving Southern Natural Gas(Sonat) the go-ahead to build an extension of its mainline intonorthern Alabama.
FERC Refuses to Stay Sonat Project
FERC yesterday denied Midcoast Interstate Transmission Inc.’srequest for a limited stay of the orders giving Southern NaturalGas (Sonat) the go-ahead to build an extension of its mainline intonorthern Alabama.
Futures Ride Technical Bounce Slightly Higher
For the second day in row Wednesday, natural gas futures werelimited to small gains amid a quiet trading session. The Februarycontract finished up a penny at $1.827 in the regular tradingsession.
TCPL Offers U.S. Partnership Shares
TransCanada PipeLines plans to sell to the public 15.6 millionshares (excluding a 2.4 million over-allotment option) of a newlimited partnership formed to acquire and operate its U.S. pipelineinterests. The public offering would represent 78.2% of the totalinterest in the new TC PipeLines LP, which will own a 30% stake inthe recently expanded Northern Border Pipeline.