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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

TransMontaigne Sells Bear Paw Energy

Denver-based TransMontaigne Inc. agreed to sell gas gatheringsubsidiary Bear Paw Energy Inc. to a group formed by Bear Pawmanagement along with two other partners for $107.5 million in cashand reimbursement of costs for a Powder River gathering system.

January 10, 2000

TransMontaigne Sells Bear Paw Energy

Denver-based TransMontaigne Inc. agreed to sell gas gatheringsubsidiary Bear Paw Energy Inc. to a group formed by Bear Pawmanagement along with two other partners for $107.5 million in cashand reimbursement of costs for a Powder River gathering system.

December 29, 1999

Huge NYC Spike Conspicuous in Overall Softer Market

In sharp contrast to falling prices in all other areas,Northeast citygates were moving higher Tuesday. By far the mostdazzling performance came from Transco deliveries into New YorkCity that spiked by about a dollar above $4, much as they had onNov. 30. Unlike the end of November, when Transco Zone 6-NYC quotespeaked at $4.75, Tuesday’s top end hit $5.05.

December 22, 1999

Apache Buying Shell Canada Assets

Apache Corp. made a definitive agreement to acquire producingproperties and other assets in Alberta, British Columbia andSaskatchewan, Canada with proved reserves of 87.5 MMBoe from ShellCanada Limited for C$770 million (US$524 million at currentexchange rates).

October 6, 1999

El Paso Agrees to $32 Million Payout to Protect Settlement

El Paso Natural Gas has agreed to pay Southern California Edison$32 million and make other concessions to prevent its hard-fought1996 rate settlement from collapsing like a house of cards. Thedeal ends four years of litigation by Edison, which tried to derailthe settlement from the very start.

August 13, 1999

CNG Flip-Flops on Northeast Gas Need, Other Pipe Projects Say

The sponsors of Independence Pipeline and Millennium Pipelineprojects contend CNG Transmission Corp. is speaking with a forkedtongue when it comes to assessing the future need for new pipelinecapacity to the Northeast market.

August 9, 1999

CNG Flip-Flops on Capacity Needs, Other Pipe Projects Say

The Independence Pipeline and Millennium Pipeline projectscontend CNG Transmission Corp. is speaking with a forked tonguewhen it comes to the need for new pipeline capacity to supply thegrowth in gas demand that’s expected for the Northeast market.

July 28, 1999

Transportation Notes

About 1 Bcf/d of NOVA capacity will be cut from May 31 to June9 as part of the system is inspected for stress corrosion crackingwhile tie-ins and other maintenance are performed. NOVA will take100 miles of 36-inch line between the Miekle River and Knightcompressor stations in northwest Alberta out of service during thattime. NOVA normally moves a total of about 11.8 Bcf/d, a spokesmansaid.

May 21, 1999

Transportation Notes

El Paso will shut down its Blanco (NM) Plant Monday forscheduled maintenance. Several other facilities on the San JuanCrossover and North Mainline also will have maintenance. Because atotal Blanco outage will last only half a day, the net reduction ofSan Juan Basin supply Monday will be 715 MMcf/d. Downtime of the Cand D units May 18-19 and of the D unit May 20-26 will causereductions of 500 MMcf/d and 270 MMcf/d respectively.

May 14, 1999