Two on-going lawsuits is enough, a California Superior Courtjudge said in dismissing Southern Union’s challenge in his court tothe merger plans of Southwest Gas with Oneok. Judge Ronald Pragerdismissed the case last Friday because SU is making the samearguments in the federal courts of Nevada and Arizona, the LasVegas-based Southwest said. The case was dismissed withoutprejudice, meaning SU can re-file upon resolution or termination ofthe federal actions.
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Koch Gateway Wins One, Loses One at FERC
FERC last week rejected Koch Gateway Pipeline’s proposed tariffrevision that would have required its shippers to obtain itsapproval before nominating out of balance. Koch sought the changeto remedy imbalances on its system, but the Commission said itcouldn’t approve it “absent clear evidence” of “real operationalproblems.”
Koch Gateway Wins One, Loses One at FERC
FERC last week rejected Koch Gateway Pipeline’s proposed tariffrevision that would have required its shippers to obtain itsapproval before nominating out of balance. Koch sought the changeto remedy imbalances on its system, but the Commission said itcouldn’t approve it “absent clear evidence” of “real operationalproblems.”
Heat Lingers But Loses Price-Supporting Touch
The national heat wave continued through Friday into theweekend, and electric utilities continued to use appeals forcustomer conservation and other demand-side management tools tokeep juice flowing as needed. But the heavy cooling load lost itsability to keep cash gas prices moving higher. Instead, most pointswere about a dime or more down in flows for the last day of July,and although quotes for Sunday and Monday tended to surpass thosefor Saturday, they still were below monthly indexes. Sources citedthe usual drop in weekend demand, a small screen decrease andforecasts that major market areas will have cooled off a bit bytoday as reasons for the softness.
Electric Load Loses Bite, Cash Finishes Softer
After Monday’s almost universal double-digit increases, cashprices were on auto-pilot Tuesday, as they trended down from theprevious day’s results. Many traders said Monday’s run-up would bethis week’s high, pointing to moderating weather and the thecompletion of pipeline maintenance projects.
Hurricane Loses Its Price-Bolstering Touch
Though still one of the most dangerous hurricanes to come downthe pike in many years, Mitch was unable to to sustain its positiveinfluence on cash prices Tuesday. Incremental quotes ranged fromslightly higher to as much as 7-8 cents lower, with the majority ofpoints registering downticks. A diving futures screen set theexample for cash to emulate, sources said.
AGL Loses Large Buyer Discounting Privileges
The Georgia Public Service Commission has refused to approvethree industrial supply deals signed by Atlanta Gas Light becausethe LDC filed to become a part of Georgia’s competitive gas market.