Ontario

Transportation Notes

TransCanada said Tuesday capacity of the Northern Ontario Line has been reduced due to an unplanned compressor outage at Station 58 in combination with a planned line outage at Main Line Valve (MLV)58-59 line 3. Based on operational conditions and nomination levels to eastern markets, IT service was not fully authorized for Tuesday’s gas day, the pipeline said. It added that with “current operational conditions and current or increased nominations levels, there is a possibility that discretionary services may not be fully authorized for the duration of these outages.” The planned line outage at MLV 58-59 line 3 is expected to end April 28. The duration of the Station 58 compressor outage is unknown, TransCanada said, but as of Tuesday it was expected to last until at least Friday and possibly beyond.

April 18, 2007

Duke Sells 49% of Crescent to Morgan Stanley for $1.4B, Names Spin-Off Execs

A day after it made regulatory filings to spin off its sprawling gas transmission, storage and field services business, including Ontario utility Union Gas, as a separate company, Duke Energy on Friday named an executive team for the new corporation. It also announced the sale of a 49% stake in its massive real estate operations, Crescent Resources, to Morgan Stanley Real Estate for $1.4 billion after tax.

September 11, 2006

Honeoye Storage Offers Firm Gas Storage Service at NY Facility

Honeoye Storage Corp. said Wednesday it is inviting offers for firm gas storage service from its storage facility in Ontario County, NY for the current storage season.

July 6, 2006

Honeoye Offers Firm Gas Storage Service at Ontario County, NY, Facility

Boston, MA-based Honeoye Storage Corp. on Tuesday announced that it is inviting offers for firm gas storage service from its storage facility in Ontario County, NY, for up to a five-year term for storage seasons beginning April 1, 2007. The service is being offered at market-based rates and interested parties should submit offers to the company no later than April 22.

April 12, 2006

TransCanada Seeks Dawn Expansion as NE Buyers Change Strategy

For the second time in two years, growth is in store for the Dawn trading and storage hub in southwestern Ontario as TransCanada PipeLines adapts to changing international gas supply patterns.

March 27, 2006

Union Holds Binding Open Season on Storage Space

Union Gas is holding a binding open season for long-term peak storage space at its 150 Bcf Dawn storage hub in Ontario. Three-year storage services are being offered with terms beginning in April 2006.

June 6, 2005

Union Holds Binding Open Season on Storage Space

Union Gas is holding a binding open season for long-term peak storage space at its 150 Bcf Dawn storage hub in Ontario. Three-year storage services are being offered with terms beginning in April 2006.

June 6, 2005

Ontario Plans Some Changes to Gas Regulations

The Ontario Energy Board (OEB) announced plans last week for some changes to its natural gas regulations, including a new multi-year incentive rate plan for utilities and an examination of whether to regulate gas storage rates and services to ensure optimal service to power generators. The board issued a basic framework on Wednesday for implementation of the regulatory changes over the next several years.

April 4, 2005

Ontario Regulators Plan Multi-Year Incentive Rate Design for Gas Utility Service

The Ontario Energy Board announced plans Wednesday for some changes to its natural gas regulations, including a new multi-year incentive rate plan and an examination of whether to regulate gas storage rates and services to ensure optimal service to power generators.

March 31, 2005

Enbridge Distribution Customers to See a Gas Cost Increase

Enbridge Gas Distribution announced last Wednesday it has received approval from the Ontario Energy Board to adjust its prices Jan.1, resulting in a C$70 annual increase for the typical residential customer buying gas from the distributor, excluding a gas cost adjustment refund, and a C$6 annual decrease for a typical residential buying gas from a marketer.

December 27, 2004