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El Paso Energy Corp. will sell its 35% stake in Oasis Pipe Line,a 1 Bcf/d line in Texas, according to a disclosure in a securitiesfiling made last week. El Paso said that the sale, which wasnegotiated in October, would result in a $20 million loss.

Although he praised FERC as a “fine group of people,” CaliforniaGov. Gray Davis last week made very clear that he doesn’t like whatthat group has prescribed to mend his state’s seriously flawed bulkpower market. Power executives and state market officials said theyfavored the general direction in which the Commission seemed to beheaded, but they had problems with specific proposed reforms aswell.

Although he praised FERC as a “fine group of people,” CaliforniaGov. Gray Davis yesterday made very clear that he doesn’t like whatit’s prescribed to mend his state’s seriously flawed bulk powermarket.

What do you get when you mix coconut oil and liquefied naturalgas? A minus-260-degrees-Fahrenheit Pina Colada.

What do you get when you mix coconut oil and liquefied naturalgas? A minus-260-degrees-Fahrenheit Pina Colada.

PG&E Corp. last week made another stride to bring moreelectricity generating projects online in an attempt to provideCalifornia with an adequate power supply in the future. The companyentered into an agreement with Waste Management Inc. to replace 120diesel-fueled garbage collection trucks with natural gas-fueledversions in order to offset the emissions of a proposed 500 MWnatural gas-fired power plant to be located in San Diego County.

PG&E Corp. last week made another stride to bring moreelectricity generating projects online in an attempt to provideCalifornia with an adequate power supply in the future. The companyentered into an agreement with Waste Management Inc. to replace 120diesel-fueled garbage collection trucks with natural gas-fueledversions in order to offset the emissions of a proposed 500 MWnatural gas-fired power plant to be located in San Diego County.

Spot gas prices quickly rebounded from the long holidayweekend’s overall softness and made large gains across the boardTuesday. Rocky Mountains/San Juan points led the way with gainsranging from about 20 cents to a little more than 60 cents.

The Williams Companies Inc. made clear its plans to be a seriouscontender in the Canadian midstream market with an announcementlast week that it has reached an agreement to buy most ofTransCanada PipeLines Ltd.’s remaining ownership interests innatural gas liquids (NGL) and extraction facilities and oneprocessing plant, as well as a one-third interest in a keyAlberta-to-U.S. gas liquids pipeline from Dow Chemical Co.