Northeastern

Caledonia Energy Partners LLC has filed an application with FERC to construct and operate an 11 Bcf natural gas storage facility in northeastern Mississippi. Upon approval, the Caledonia Storage Field could be in full operation by April 2006.

Caledonia Energy Partners LLC has filed an application with FERC to construct and operate an 11 Bcf natural gas storage facility in northeastern Mississippi. Upon approval, the Caledonia Storage Field could be in full operation by April 2006.

Caledonia Energy Partners LLC has filed an application with FERC to construct and operate an 11 Bcf natural gas storage facility in northeastern Mississippi. Upon approval, the Caledonia Storage Field could be in full operation by April 2006.

Northeastern utility holding company Energy East Corp. said Friday that its shareholders voted to declassify its board of directors and will begin electing all board members annually starting next year.

Northeastern local gas distributors NiSource, National Fuel and Equitable Resources reported improved financial results for the quarter ending Dec. 31, 2003, with NiSource Inc. delivering the largest quarterly improvement, a 70% gain in net income to $139.8 million, but also reporting a substantial decline for the year because of a charge for discontinued operations.

Gaz Metropolitan & Co. and TransCanada Corp. increased their ownership stake in the northeastern-based Portland Natural Gas Transmission System (PNGTS) after closing on a $56 million purchase from El Paso Corp. The transaction was first announced last month (see Daily GPI, Nov. 19).

Berry Petroleum Co. has completed its $48.6 million purchase of Uinta Basin properties from Williams Production RMT Co. The properties, located in Brundage Canyon in northeastern Utah, currently are producing 1,800 net boe/d. Berry estimates the 43,500 acres have proved reserves of 8.6 million boe, comprised of 75% light oil and 25% natural gas.

Continued operation of bankrupt NRG Energy’s generating assets, including those located in the northeastern part of the U.S., remains among the bankrupt company’s “highest corporate priorities,” NRG President John Boken told FERC in a letter sent to the federal agency on Thursday.

The proposed plan by Alberta regulators to shut in 900 natural gas wells in northeastern Alberta on Aug. 1 to preserve crude bitumen production may have the immediate effect of curtailing 250 MMcf/d of gas production and stopping future gas development, but its impact is far more devastating than the numbers show, Paramount Energy Trust President Susan Riddell Rose said in a conference call last Thursday.