Operation

Two Duke Energy gas pipeline affiliates have asked FERC to give them the green light by next Wednesday to place their expansion projects in service in time to provide increased Canadian supplies to the gas-hungry New England market this winter heating season.

Western Gas Resources revealed that it has discovered within its energy trading operation instances of false gas price reporting to index publishing companies.

NUI Corp. stunned the financial community on Friday by announcing that it will sell the entire integrated natural gas business within the next few months. CFO A. Mark Abramovic said the board of directors of the New Jersey-based firm considered a sale in the best interests of all stakeholders going forward because of credit downgrades and “adverse business conditions.”

NUI Corp. stunned the financial community on Friday by announcing that it will sell the entire integrated natural gas business within the next few months. CFO A. Mark Abramovic said the board of directors considered a sale in the best interests of all stakeholders going forward because of credit downgrades and “adverse business conditions.”

At the end of its first year of operation, a federal watchdog agency last week concluded that FERC’s Office of Market Oversight and Investigations (OMOI) is severely hamstrung in its ability to effectively monitor the wholesale natural gas and electricity markets.

At the end of its first year of operation, a federal watchdog agency has found that FERC’s Office of Market Oversight and Investigations (OMOI) is severely hamstrung in its ability to effectively monitor the wholesale natural gas and electricity markets.

While noting that the figures may differ quite considerably from the final numbers that will be reported on July 29, BP on Wednesday released a trading update that provided an overview of the revenue and trading conditions it experienced during the second quarter ending June 30, 2003.

After nearly 27 years of operation, the Gas Research Institute (GRI) filed its last annual budget request with FERC last week and will be formally phased out over the next few years. For its last year of funding through pipeline surcharges, GRI is requesting a research, development and demonstration (RD&D) program budget for 2004 of $60 million. In addition to the FERC portion of the budget, GRI anticipates receiving about $6.3 million in co-funding from industry and government sources in 2004.

Northern Natural Gas has initiated a new rate case directed at increasing revenues by $55 million and changing its methods of operation to better fit in with the competitive market (RP03-398).