Southern Natural Gas disputes claims by an affiliate of a Houston-based natural gas marketer that the pipeline acted improperly by deviating from the usual approach for aggregating bids in awarding capacity during an open season that closed in August. Southern, an El Paso Corp. pipeline, was accused of violating its tariff and FERC policy.
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Shipper Accuses Southern of Open Season Violations
An affiliate of a Houston-based natural gas marketer has accused Southern Natural Gas pipeline of violating its tariff and FERC policy — which requires capacity to be awarded to the shipper who values it the most — during a recent open season on its system.
Enserco Ordered to Pay $1.4M for Bidding, SMHT Violations
FERC has ordered Enserco Energy Inc., a Colorado-based natural gas marketer, to pay $1.4 million to resolve claims that it violated the agency’s open-access transportation rules.
Enserco Ordered to Pay $1.4M for Bidding, SMHT Violations
The Federal Energy Regulatory Commission Monday ordered Enserco Energy Inc., a Colorado-based natural gas marketer, to pay $1.4 million to resolve claims that it violated the agency’s open-access transportation rules.
Most Cash Points Decline for Weekend
A marketer’s estimate that Thursday’s increase of 19.5 cents by September futures likely would be able to lift cash prices by small amounts Friday proved to be too bullish. A few points were flat to slightly higher, but a large majority of locations continued to sink as forecasts of cooler-than-usual summer temperatures in many regions again depressed power generation demand for gas.
Friday Trading Caps Weekly Sweep of Higher Prices
As a marketer had anticipated a day earlier, cash prices capped a week of solid advances Friday by recording increases throughout the market. A bit of extra chill was due in the Midwest and Rockies over the weekend, but otherwise forecasts remained about as benign for gas demand as they were earlier in the week. Industrial load’s weekend decline obviously had little impact.
Mild Forecasts, Screen Cause Falls at Most Points
A marketer had correctly predicted Monday (see Daily GPI, April 7) that the screen softness that day would outweigh any remaining midweek heating load and drive Tuesday’s cash prices lower. But while he looked for mostly modest declines, a large majority of them were in double digits.
France’s EDF: Eagle Energy Complements LNG Business
Electricite de France is buying Houston-based gas and power marketer Eagle Energy Partners from bankrupt Lehman Brothers Holdings Inc., EDF Trading Ltd., a subsidiary of the French utility giant said last Monday, noting that the acquisition enhances its liquefied natural gas (LNG) capabilities.
Northeast, LA Points Sole Exceptions to Softness
As a marketer had predicted, prices were softer at a large majority of points Thursday due chiefly to a 35.4-cent plunge by the expiring December futures contract the day before and milder weather returning to the South. Northeast citygates, where temperatures are falling and will bottom out around freezing or lower Friday, saw nearly all of the flat to about 75 cents higher exceptions to the overall market trend.
Cash Market Sees Big Rally at Nearly All Points
A marketer had correctly predicted Tuesday that futures strength that day would jump-start a rally in the overall cash market Wednesday. But the big jumps at nearly all points Wednesday seemed out of proportion to the previous day’s 16.1-cent Nymex gain, especially when no major heat waves or tropical storm concerns were in sight.