Littles

Consultants at PIRA Energy have news for all those Chicken Littles out there who estimated a gas production decline in 2003 and who are predicting another drop in 2004: production was up last year and it’s going to grow by another 1-2% in 2004.

FERC said last week it has found Chicken Littles in the Y2Kplanning departments of several gas pipeline companies. TheCommission berated pipeline Y2K planners for crying “the sky isfalling” without any solid evidence that it is. To those pipelinesseeking a complete shut-down of multiple nomination periods justprior to and after Jan. 1, FERC explained that so far they have notprovided convincing arguments why such drastic methods would berequired.

FERC said yesterday it has found Chicken Littles in the Y2Kplanning departments of several gas pipeline companies. TheCommission berated pipeline Y2K planners for crying “the sky isfalling” without any real good evidence that it is. To thosepipelines seeking a complete shut-down of multiple nominationperiods just prior to and after Jan. 1, FERC explained that so farthey have not provided convincing arguments why such drasticmethods would be required.