Over

Over the weekend Pacific Gas & Electric issued ahigh-inventory OFO with 10% tolerance on positive daily imbalancesfor Sunday but did not continue the OFO Monday.

A “comfort zone” was one trader’s description of the relativelyflat cash market over the last few days. And why not? After asummer chuck full of record setting temperatures and hurricanehype, supply and demand appear to have reached some semblance ofequilibrium. Many sellers saw their best prices early yesterdaybefore the market slipped lower in lackluster late morningdealings.

Outsourcing of pipes and wires energy delivery lines of businessin North America will increase significantly over the next fouryears, according to a study conducted by META Group’s EnergyInformation Strategies (EIS).

KN Energy’s Mark Kissel, director of account services, saidyesterday the major firm transportation deal signed between NaturalGas Pipeline Company of America and Aquila Energy earlier this weekhas a net present value for the pipeline of $31.16 million, which isguaranteed revenue and excludes revenue sharing above that level thatis based on several different pricing strategies. The contract covers150,000 MMBtu/d of firm capacity on NGPL’s Amarillo leg and 350,00MMBtu/d on NGPL’s Gulf leg for two years (see Daily GPI, Sept. 28).

Fearing excessive linepack over the weekend, Northern NaturalGas implemented a System Underrun Limitation in all market-areazones for the gas days of Saturday and Sunday. The SUL will endtoday.

Amoco Energy Trading, Amoco Producing and Burlington Resourcestold FERC last week in a Section 5 complaint that they are losingmillions of dollars because of El Paso Natural Gas’ poor firmdelivery point allocation procedures at Topock, AZ.

Amoco Energy Trading, Amoco Producing and Burlington Resourcestold FERC this week in a Section 5 complaint that they are losingmillions of dollars because of El Paso Natural Gas’ poor firmdelivery point allocation procedures at Topock, AZ.

For natural gas customers in Floyd-ravaged areas of the EastCoast it’s not over yet. Some are still underwater in NorthCarolina and others in New Jersey may not get gas service backuntil the end of the week.

The Federal Energy Regulatory Commission is looking forvolunteers for a pilot project for electronic filing of documentsin Commission proceedings over the Internet beginning Oct. 1, 1999.The pilot will test FERC’s computer systems and be limited tomotions and notices to intervene, protests, comments and relatedfilings. Participants must still file paper copies during thetesting period.