Notice

Florida Gas Transmission continued an Overage Alert Day notice forits market area (see Daily GPI, July 13)Thursday but tightened the tolerance for negative daily imbalancesfrom 10% to 6%.

Florida Gas Transmission lifted an Overage Alert Day notice (seeDaily GPI, May 25) for its market areaWednesday, but said it will continue to monitor hourly and dailytakes.

Petroleum Place Inc. is going public. The Englewood, CO-basedonline marketer for the oil and gas industry yesterday filed noticewith the Securities and Exchange Commission in an initial stockoffering that would raise as much as $100 million. The company alsoannounced it has completed its second round of financing that hasraised $60 million from investors in the financial, and oil and gasindustry. Net proceeds from the equity financing will be used torepay debt under its credit facilities, develop its web site andexpand marketing and sales activities.

Florida Gas Transmission lifted an Overage Alert Day Noticeaffecting its market area (see Daily GPI, May 4) for Thursday’s gas day, but warnedit will continue monitoring hourly and daily takes to ensure thatsystem integrity is maintained.

Energy E-Comm.com last week issued a revised draft of a petitionasking FERC to initiate a notice of inquiry (NOI) into the effectsof e-commerce on the regulated natural gas and power industries.The e-commerce-based company has posted it to its web site soenergy companies can comment further on the petition before it’sformally filed at the Commission by the end of the month.

Energy E-Comm.com has issued a revised draft of a petitionasking FERC to initiate a notice of inquiry (NOI) into the effectsof e-commerce on the regulated natural gas and power industries.The e-commerce-based company has posted it to its Web site soenergy companies can comment further on the petition before it’sformally filed at the Commission later this month.

Citing anticipations of cold weather and operational conditions,MRT issued an OFO effective today until further notice. Thepipeline will interrupt all IT volumes and Authorized Overrun gasin excess of contract demand flowing north of the mainline’sGlendale (AR) Station. Firm customers must restrict mainlinevolumes to within their contracted zone entitlement and primarypath. MRT will have a zero tolerance for underdeliveries during theOFO but will continue to accept positive imbalance gas. The OFOsupersedes a System Protection Warning that took effect Wednesday(see Daily GPI, Dec. 15).

Due to forecasts of colder weather, a System Protection Warningtakes effect today until further notice for MRT’s mainline north ofthe Glendale (AR) Station. MRT recommended that customers withinterruptible and Authorized Overrun gas on the mainline re-sourcethose volumes to the East Line. The East Line is a lateral about 90miles long from Trunkline in central Illinois east to the St. Louisarea, connecting with NGPL along the way. If excess volumescontinue on the mainline, MRT said, it will issue an OFOrestricting that line to FT only.

Florida Gas Transmission did not extend an Overage Alert Day notice(see Daily GPI, Dec. 6) beyond Friday.