Neither

A dismissed Dynegy Corp. trader was indicted last week on charges that she reported fake natural gas trades on three separate occasions in late 2000 and early 2001 to an energy publication for use in calculating its index price for gas. She was the second trader to be indicted by a federal grand jury in Houston for bogus trades.

In an unprecedented move Thursday, the Federal Energy Regulatory Commission said it will reassert jurisdiction over the portion of the North Padre Island (NPI) unregulated gathering facilities that Transcontinental Gas Pipe Line spun down to its gathering affiliate, Williams Field Services Co. (WFS). The Commission took this action after finding Transco and WFS “acted in concert” to push gathering rates to monopolistic levels on the NPI offshore Texas facilities and to frustrate effective FERC regulation of Transco’s interstate transportation system.

Tennessee Gas Pipeline contends its tariff limitation onupstream capacity releases “neither frustrates nor hinders” thedrive towards competition in the retail natural gas market inMassachusetts, as a small LDC has claimed.

Retiring House Ways and Means Committee Chairman Bill Archer(R-TX) last week would neither confirm nor deny whether he wouldaccept the post of Energy Secretary in a Republican administration,if Texas Gov. George W. Bush ultimately is declared the nextpresident.

Neither the American Gas Association (AGA) storage report of a25 Bcf withdrawal nor a supportive morning futures screen couldlift cash prices yesterday, as most points stayed within a coupleof pennies on either side of flat.

Both Florida Gas Transmission and Pacific Gas & Electricextended low-linepack OFOs (see Daily GPI, Oct. 5)-FGT through Tuesday and PG&Ethrough today. Neither changed the OFO conditions. PG&E posts OFOsa day in advance, while FGT usually re-evaluates system conditionseach morning before deciding whether to declare one for that gas day.

Neither the interstate pipelines nor gas producers wereparticularly enamored with FERC’s latest attempt to create a morebalanced, lighter-handed system for regulating gas pipelines on theOuter Continental Shelf (OCS). They both agree the Commission fellshort of its goal in the July proposed rulemaking.

Neither the interstate pipelines nor gas producers wereparticularly enamored of FERC’s latest attempt to create a morebalanced, lighter-handed system for regulating gas pipelines on theOuter Continental Shelf (OCS). They both agree the Commission fellshort of its goal in the July proposed rulemaking.

Landowners and interstate pipelines actually agreed on somethinglast week – neither were particularly thrilled with some of theinitiatives proposed by FERC for carving out a greater role forlandowners in the certificate process. But the reasons for theirdissatisfaction were completely opposite.