In the event of a Y2K-related disruption, Transcontinental GasPipe Line said any imbalances that are incurred on advancenominations by shippers during the first seven days of the New Yearwill be exempt from cashout penalties.
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Transco: No Penalties if There’s a Y2K Disruption
In the event of a Y2K-related problem, Transcontinental Gas PipeLine said that any imbalances that are incurred on advancenominations by shippers will be exempted from the monthly cashoutpenalty calculation.
Transportation Notes
Sonat will be installing facilities today for tie-in of theSandy Hook Line to its system on the Franklinton-Gwinville lines inMississippi, which will require the shut-in of a total of 19 metersin the Hub, Sandy Hook and Dexter fields. The work is expected totake one day but may be extended if problems are encountered. Sonatalso reported beginning maintenance at the Muldon (MS) StorageField that will continue through Oct. 2. The pipeline declared aforce majeure in connection with the project but is not surewhether injection/withdrawal restrictions will be necessary for CSScustomers.
Transco’s Y2K Plan Under Fire
Transcontinental Gas Pipe Line’s Y2K contingency plan to havetransportation nominations for the first seven days of the new yearsubmitted in advance by Dec. 28 has caused concern among some ofits shippers.
Transco’s Y2K Plan Under Fire
Transcontinental Gas Pipe Line’s Y2K contingency plan to havetransportation nominations for the first seven days of the new yearsubmitted in advance by Dec. 28 has caused concern among some ofits shippers.
ScottishPower, PacifiCorp Merger Nears Finish Line
ScottishPower PLC and PacifiCorp announced they have brokered asettlement in principle with the staff of the Oregon Public UtilityCommission (OPUC) that essentially clears the way for the firstacquisition by a foreign company of a U.S. power utility.
Distributed Power Faces Utility Opposition
The technology and economics are in line for commercialexpansion of distributed power, but progress is threatened byentrenched utilities, according to distributed power sponsors.
Transportation Notes
Westcoast took its McMahon Plant off-line at midafternoon Sundayfor unplanned repairs to the inlet facility. Authorized volumes forSunday’s gas day were cut in half. A force majeure declaration forMcMahon was lifted early Monday morning.
Monterrey Line Starts Open Season
KN Energy began an open season for its a 108-mile, 24-inchMonterrey Pipeline that would connect its MidCon Texas intrastatepipeline in Starr County, TX, to Monterrey, Mexico. The open seasonbegan last week and runs through 5 p.m. CDT July 30. KN expects tostart construction of the $50 million pipeline in 1999, withcompletion projected for the second quarter of 2000. Capacity isexpected to be 275 MMcf/d, and the pipe will serve gas-fired powerplants in Monterrey, local distribution companies, large industrialconsumers as well as future market opportunities.
Utilicorp Buys Stake in Electric Line Company
Adding to its long list of utility, marketing and transportationassets, Aquila Energy parent Utilicorp United entered into astrategic partnership with Quanta Services Wednesday for $400million. Utilicorp hopes to increase its profit potential in thederegulating electric and telecommunications markets by teamingwith the Houston-based Quanta, a provider of specialized servicesfor companies in those industries.