Pacific

Pacific Gas and Electric Co. was authorized by state regulatorsThursday to borrow an additional $1.4 billion in short-term debt tocover under-collections caused by wholesale power prices exceedingfrozen retail rates the utility is allowed to charge itselectricity customers under the state’s restructuring program.

Pacific Gas & Electric expanded Friday’s customer-specific OFO(see Daily GPI, Oct. 20) into asystemwide Stage 2 high-inventory OFO Saturday with $1/Dth penaltiesfor positive daily imbalances exceeding a 5% tolerance.

Calpine Corp. is planning to sell 400 MW on a fixed-price basisfor 30 months to Pacific Gas and Electric Co. in the firstbilateral electricity deal for a California utility sinceregulators agreed to allow such transactions in the wake of thesummer’s wholesale price and supply problems.

Anticipating linepack that would exceed its upper-level target,Pacific Gas & Electric issued a customer-specific OFO fortoday.

Calpine Corp. is planning to sell 400 MW on a fixed-price basisfor 30 months to Pacific Gas and Electric Co. in the firstbilateral electricity deal for a California utility sinceregulators agreed to allow such transactions in the wake of thesummer’s wholesale price and supply problems.

Pacific Gas & Electric had a customer-specific OFO in effectSunday but did not extend it.

Pacific Gas & Electric, projecting above-target linepacktoday through Sunday, issued a customer-specific OFO effectivetoday until further notice.

Westcoast Energy has shelved the proposed Orca Natural GasPipeline project because of a lack of market interest in thePacific Northwest. The proposed 140-mile pipeline from Sumas, WA,to points along the coast, was expected to be in service in 2004.

Westcoast Energy has shelved the proposed Orca Natural GasPipeline project because of a lack of market interest in thePacific Northwest. The proposed 140-mile pipeline from Sumas, WA,to points along the coast, was expected to be in service in 2004.