operators

NY Trade Board Tries to Make Amends with Nymex

New York Board of Trade reached an agreement last week to “makewhole” all floor operators whose funds were used to meet marginobligations of Klein and Co. Futures Inc. NYBOT said it will payback the innocent traders and customers of Klein. NYBOT’s decisioncame not long after the New York Mercantile Exchange and 15 of itsmembers filed a class action complaint against NYBOT, New YorkClearing Corp. (NYCC) and Klein, alleging that NYBOT improperlyused funds of Klein customers who also traded Nymex energy, oil andmetals contracts to satisfy obligations of an unrelated Kleincustomer on the New York Futures Exchange, a unit of NYBOT.

May 22, 2000

Transportation Notes

Texas Eastern plans minor maintenance for a few hours Thursdaymorning at the Grand Chenier (LA) Station. Operators may experiencehigher than normal pressures on the West Louisiana zone’s CameronSystem, but pressures are expected to return to normal by evening.

April 12, 2000

Duke Finds More Trouble than Expected in CA

Like many other industrial operators before it, Duke EnergyServices has found that operating along California’s famouscoastline can be a rocky proposition. Duke has been forced to pullback and reconfigure plans for its Morro Bay power plant along thecentral coast to accommodate local city concerns and is makingpromises to increase the city’s coffers by up to 30% through theplant remodel.

January 17, 2000

Duke Finds More Trouble than Expected in CA

Like many other industrial operators before it, Duke EnergyServices has found that operating along California’s famouscoastline can be a rocky proposition. Duke has been forced to pullback and reconfigured plans for its Morro Bay power plant along thecentral coast to accommodate local city concerns and is makingpromises to increase the city’s coffers by up to 30% through theplant remodel.

January 14, 2000

ISO Trio Adds Fourth to Cooperation Pact

Three independent system operators — ISO New England, The NewYork ISO, and PJM Interconnection — which have been workingtogether to improve power supply reliability, recently addedanother ISO to their cooperation pact.

December 27, 1999

ISO Trio Adds Fourth to Cooperation Pact

Three independent system operators — ISO New England, The NewYork ISO, and PJM Interconnection — which have been workingtogether to improve power supply reliability, recently addedanother ISO to their cooperation pact.

December 22, 1999

Flatness Reigns Except for Rockies, Southwest Gains

Rocky Mountains ski resort operators were starting to breathe alittle easier Tuesday. After many had missed traditional openingdates of Thanksgiving Day weekend or earlier, they welcomed asnowstorm that either was arriving or on its way. For much the samereason, Rockies/Pacific Northwest and Southwest points constitutedthe only region seeing meaningful price gains on either side of anickel Tuesday. The rest of the cash market was a sea of flatnessthat, unlike Monday, leaned slightly to the downside instead of theupside.

December 8, 1999

Big IPP Calpine Tackling Gas Management

One of the nation’s fastest growing nonutility power plantdeveloper/operators, Calpine Corp., San Jose, CA, is taking ahands-on approach to building a diversified natural gas portfolioto fuel what it eventually hopes is a network of highly efficient,environmentally clean combined-cycle power plants with a collectivecapacity of 25,000 megawatts.

November 1, 1999

Canada’s East Coast Poised For Supply Growth

Oil and gas production from offshore Atlantic Canada could reachabout 500,000 Boe/d if, as key operators in the region predict, anew development project begins every two or three years throughoutthe next two decades, according to “Harnessing the Potential -Atlantic Canada’s Oil and Gas Industry.”

September 9, 1999

California ISO Accused of Tampering With Prices

FERC needs to make the responsibilities and line of authority ofindependent system operators “crystal clear” to make sure they donot interfere with pricing and the commodity portion of the market,according to an Electric Clearinghouse executive who said thatright now the California ISO is overstepping the bounds.

May 15, 1998