Parties

Vanguard Natural Resources LLC is acquiring all of Denbury Resources Inc.’s interest in Dallas-based Encore Energy Partners LP (ENP) for $380 million, the parties said Wednesday. The “oil-focused” deal gives Vanguard more than 43 MMBoe of estimated proved reserves, about one-third natural gas.

Tennessee said Monday it was lifting a systemwide imbalance warning but continued to request that all parties match physical flow with scheduled quantities.

Tennessee said Monday it was lifting a systemwide imbalance warning but continued to request that all parties match physical flow with scheduled quantities.

The number of parties challenging the Environmental Protection Agency’s (EPA) December endangerment finding has grown into quite a crowd that includes three states and a number of industry groups.

The number of parties challenging the Environmental Protection Agency’s (EPA) December endangerment finding has grown into quite a crowd that includes three states and a number of industry groups.

Tennessee issued an OFO Action Alert, effective Tuesday for all LMS-PA, LMS-MA and LMS-PL Balancing Parties with meters in Zones 5 and 6, due to anticipated colder temperatures in its Northeast market area and in order to maintain linepack. See the bulletin board for OFO conditions.

Spokane, WA-based Avista Corp. and all other parties involved in the company’s electric and natural gas rate filing in Idaho have reached a settlement agreement that, if approved by the Idaho Public Utilities Commission (PUC), would result in no net rate increase for natural gas customers and less than 2% for residential electric customers, the company said.

Tennessee said limited operational capacity requires it to issue an OFO Action Alert effective Saturday for all LMS-PA, LMS-MA and LMS-PL Balancing Parties in Zones 0, 1, L, 2, 3 and 4. The imbalance tolerance was set at 2% of scheduled quantities or 500 Dth/d, whichever is greater, for overdeliveries into the system and undertakes from the system, Tennessee said. See the bulletin board for further details.

Local distribution companies (LDC) are leaving some capacity trading money on the table, compared to non LDC parties trading in the released capacity market, according to the latest survey data from Capacity Center.