Tennessee said it has partially restored service at Compressor Station 25 in Cleveland, TX, where it declared a force majeure event in late November due to equipment failure (see Daily GPI, Dec. 1, 2005). However, due to the unavailability of certain parts, three units still remain out of service, it added in a Friday notice. Each unit is targeted to be back in service as follows: one by late January, a second by mid-April and the third by early May. Tennessee had periodically been restricting about 15% of station capacity since the equipment failure, but said Friday that based on current throughput, it does not anticipate any further curtailments. However, the pipeline said, if throughput rises, it estimates that about 5% of Station 25 volumes would be restricted.
November
Articles from November
Despite Rising Storage, Northeast Consumers Still Face $15 Winter Prices, Consultant Warns
Storage levels may be continuing to rise with this warm November weather, but Global Insight consultant Jim Osten warned that Northeast consumers should still expect to see $15/MMBtu wholesale gas prices at the citygate for January bidweek.
Futures Near Unchanged at Potential Crossroads
After trading the November natural gas futures contract within a slim 25-cent range on Wednesday, traders at the end of the session decided to put the market back where it began the day and await fresh storage inventory news Thursday morning. The prompt month ended up settling at $13.524, up half a penny for the day.
Williams, KeySpan to Transport 100,000 Dth/d to Northeast by Late 2007
Williams on Tuesday executed an agreement with KeySpan Energy Delivery to begin, by November 2007, transporting 100,000 Dth/d of natural gas on its Transco pipeline from Leidy, PA to growing markets in the Northeast. A formal application is expected to be filed with FERC in September.
NY Power Producers to Press for Reinstating Plant Siting Law
Power producers in the Empire State are preparing to make a full-court press after this November’s elections to get New York State lawmakers to reinstate a power plant siting law that expired at the end of 2002, the CEO of the Independent Power Producers of New York (IPPNY) told NGI.
NorthWestern to Emerge in November from Bankruptcy
A federal bankruptcy court judge last week confirmed a second amended reorganization plan for South Dakota-based NorthWestern Corp., and the energy holding company said Nov. 1 would be the likely date for emerging from Chapter 11 bankruptcy proceedings. Standard & Poor’s Ratings Services raised NorthWestern’s credit rating to “BB-” from “D,” effective with the reorganization plan’s start.
Administration Puts Off Action on Roadless Rule Until After November Election
The U.S. Agriculture Department last Wednesday said it will give the public more time to comment on a proposed rule that would overturn a Clinton administration ban on road building in the national forests, which had put more than 58 million acres of forest lands off-limits to energy exploration and production, logging and other activities. The comment period, which was to expire on Sept. 14, has been extended until Nov. 15.
Administration Puts Off Action on Roadless Rule Until After November Election
The U.S. Agriculture Department said on Wednesday it will give the public more time to comment on a proposed rule that would overturn a Clinton administration ban on road building in the national forests, which had placed more than 58 million acres of forest lands off-limits to energy exploration and production, logging and other activities. The comment period, which was to expire on Sept. 14, has been extended until Nov. 15.
Southwest Gas Looking for More Uniformity in Rates in Three States
Las Vegas-based Southwest Gas Corp. will be preparing in late November to implement a rate increase in the southern half of the state where most of the population and growth is taking place, while it prepares to lower rates to customers in the northern part of the state.
EIA: Warm Weather, Bulging Stocks Put Downward Pressure on Gas Prices
The Energy Information Administration (EIA) last week in its Short-Term Energy Outlook for November used the word “robust” for the first time this year to describe the amount of natural gas in storage to meet customer demand. The unseasonably warm weather at the start of the winter heating season, reduced industrial demand, and historically high injections throughout the year are credited for the bulging inventory.
