Offering

Consol Energy Inc. is offering to buy the nearly 17% of CNX Gas Corp. common stock it does not already own. Consol’s tender offer is to begin May 5 at a price of $38.25/share. CNX shares surged nearly 24% to $38 Monday morning on the news.

Consol Energy Inc. is offering to buy the nearly 17% of CNX Gas Corp. common stock it does not already own. Consol’s tender offer is to begin May 5 at a price of $38.25/share. CNX shares surged nearly 24% to $38 Monday morning on the news.

Plains All American Pipeline LP intends to pursue an initial public offering (IPO) of common units representing limited partner interests of PAA Natural Gas Storage LP (PNGS), a master limited partnership (MLP) subsidiary to be formed to own and operate its gas storage assets and business. Plains said it expects that a registration statement for IPO will be filed during the first quarter. Plains will own the 2% general partner interest and incentive distribution rights of PNGS and expects to retain “a substantial portion” of the MLP’s common and subordinated units. Plains anticipates using the proceeds of the IPO to repay debt and for general purposes.

Millennium Pipeline Co. is holding a nonbinding open season Monday through Aug. 7 offering firm shippers unsubscribed firm forward-haul capacity to be available Nov. 1.

Sempra Energy unit Sempra Pipelines & Storage is offering up to 2.5 Bcf of firm gas storage service from a pipeline and storage expansion that would enable firm receipts and deliveries on the Gulfstream Natural Gas system at Coden, AL.

EnCana Corp. is offering up to C$500,000 for information directly leading to the arrest and prosecution of the party responsible for recent bombings at company facilities in the Tomslake area near Dawson Creek, BC.

EnCana Corp. is offering up to $500,000 for information directly leading to the arrest and prosecution of the party responsible for recent bombings at company facilities in the Tomslake area near Dawson Creek, BC.

Millennium Pipeline Co. LLC is holding a binding open season through Dec. 10 offering firm forward-haul capacity beginning on its in-service date, which is expected to be Dec. 15. Shippers may request firm service from any authorized mainline receipt point to any authorized mainline delivery point. Millennium can serve, directly or indirectly, markets in New York, New Jersey and New England. Western New York gas storage can be accessed directly via Millennium. And Canadian gas can be delivered through interconnections with Empire State Pipeline. More information is available at www.millenniumpipeline.com by following the link to customer information, or by calling James Corrigan at (860) 798-2878. Millennium is owned by affiliates of NiSource Inc., National Grid and DTE Energy.

Southern California Gas Co. (SoCalGas) has begun its storage open season for its 2009 capacity. The company is offering more than 30 Bcf of multi-cycle working capacity for up to three years, beginning April 1. Capacity releases will be made thorough bilateral negotiations, and buyers have the flexibility to specify the cycling capability. SoCalGas officials said the implementation of firm access rights on Oct. 1 moved the location for storage receipts and deliveries from the California border to the SoCalGas Citygate (see Daily GPI, Oct. 3). Customers interested in acquiring storage services need to submit a written nonbinding bid, preferably via e-mail, specifying the desired levels of firm inventory, injection and withdrawal capacities and the annual demand charge the customer is willing to pay. The demand charge should be stated as a total annual dollar amount or a price per dekatherm of inventory capacity. More information about the storage capacity release is available on SoCalGas’ website or by calling Gwoon Tom at (213) 244-3692.