Notified

Affiliated pipelines Texas Eastern and Algonquin notified shippersTuesday evening that OFOs (or a Critical System Warning in Algonquin’scase) similar to those canceled Monday (see Daily GPI, Jan. 25) would go into effect later thatnight. As before, the OFOs require uniform hourly deliveries in themarket area and carry other restrictions such as no acceptance ofdue-shipper imbalance nominations. Effective today Algonquin isallowing only Primary Firm services through its Cromwell (CT)Compressor Station.

ANR notified interruptible storage customers under the DDS andMBS rate schedules that they will be limited to zero net injectionsduring the Sept. 1-Oct. 31 period. Injections will be allowed intoDDS/MBS accounts only if the customer withdraws an equal or greateramount of gas prior to Nov. 1.

Texaco, operator of Sea Robin Processing Plant, has notified SeaRobin Pipeline that the plant will be out of service formaintenance for about six weeks starting April 1. The pipeline willnot generate LTA nominations during that period.

Coho Energy was notified by its lenders last week that it wasin default on an $89.6 million over-balance. The company failed tomake the first of five scheduled payments on the balance, whichresulted from an overall $239.6 million debt. The lenders reservedall rights, remedies and privileges as a result of the paymentdefault, but Coho said it expects to continue to discuss afinancing alternative with the bank group.

Enron Corp. notified the Securities and Exchange Commission lastweek it is considering an unsolicited offer from an unidentifiedcompany for its 53.5% share of Enron Oil and Gas, one of thelargest independent gas producers in the U.S. According to thesolicitation, the third party would acquire Enron’s shares in EOGand make an offer for all the outstanding shares. It also wouldrequire that Enron dispose of certain other assets.

In a change of strategy earlier this week, TransCanada PipeLinesLtd. and Nicor Inc. notified FERC that they were withdrawing theirapplication for their original Viking Voyageur pipeline project toclear the path for a new application on a scaled-down version ofthe project that they intend to file early this fall.