While some see FERC’s decision in the Granite State GasTransmission case last week as a major shift in its certificatepolicy, others believe the Commission’s dismissal of Texas EasternTransmission’s (Tetco) application to expand the capacity of itsLebanon Lateral reaffirmed that very policy.
Major
Articles from Major
Enron to Boost Bammel Storage Deliverability
Bammel Natural Gas Storage and its connections to Houston PipeLine are due for a major upgrade, Enron announced yesterday. Thecompany plans to drill four new storage wells and construct a12-mile, 30-inch diameter pipeline adjacent to an existing HPL linethat will increase Bammel’s withdrawal capacity nearly 20% to 1.4Bcf/d. The $28 million project is designed to enhance services forHPL’s Texas Gulf Coast industrial markets and Houston-based gasutilities, Enron said. It is expected to be completed by year end.
April Futures Slip Back Below $2.15
The April Nymex contract once again failed to break above majorresistance at $2.19 on Tuesday, and as a result, the spot monthfinished the day down 3.2 cents to $2.137. Total estimated volumecame in at 34,371.