Little

Petal Gas Storage L.L.C. ate a little crow at FERC last week. Itconceded that its original proposal for expanding thedeliverability capacity serving its storage facilities was a betterplan after all.

Petal Gas Storage L.L.C. ate a little crow at FERC last week. Itconceded that its original proposal for expanding thedeliverability capacity serving its storage facilities was a betterplan after all.

California’s power crisis had no effect on Enron’s fourthquarter earnings and will have little effect on the earnings impactfor this year, COO Jeff Skilling said yesterday. Enron does not owngeneration assets in the state, but markets electricity there, withits profits coming from merchant activities it chooses to conduct.

California’s backs-to-the-wall regulators today are expected tookay a 90-day surcharge for the state’s two major private-sectorutilities to buy time to complete a more thorough examination ofthe utilities’ request for up to $11 billion in retail rateincreases to be collected over the next two to five years.

With little in the way of fresh fundamental or technical news,natural gas futures limped mostly sideways yesterday as bargainbuying stemmed an early test of support. That enabled the Februarycontract to trim losses throughout the afternoon, closing 2.3 centslower on the session at $9.263

With little in the way of fresh fundamental news, natural gasfutures slipped lower in a holiday-abbreviated session last Fridayas traders took profits following a six-day, $2.30-cent pricerally.

With little fanfare from the lame-duck Clinton administration,FERC Chairman James J. Hoecker received a recess appointment lastMonday from the White House that effectively would extend his termon the Commission until the Senate adjourns next year. It alsore-designated him as chairman.

With little fanfare from the lame-duck Clinton administration, FERC Chairman James J. Hoecker received a recess appointment last Monday from the White House that effectively would extend his term on the Commission until the Senate adjourns next year. It also re-designated him as chairman.

A little over a month after SCANA Corp. announced it had entered into an agreement with the Fayetteville Public Works Commission (PWC) to jointly build and own a natural gas-fired 500 MW power facility in Fayetteville, NC, the company reported that the deal is dead.