Pipeline representative Donald Santa told FERC Thursday that pipeline shippers will have to prepare for the possibility that higher penalties may have to be used by pipeline companies to discourage customers from using gas that isn’t theirs this winter. He also said pipeline companies are going to have to work more closely with customers to find solutions to the problem of liquids in the gas stream because of the 16 processing plants that remain out of service.
Penalties
Articles from Penalties
Transportation Notes
Pacific Gas & Electric put a customer-specific Stage 2 OFO into effect Wednesday and will expand it to a systemwide OFO Thursday. Both OFOs carry $1/Dth penalties for exceeding 5% tolerances on positive daily imbalances.
July 14, 2005
Transportation Notes
Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Saturday. Penalties were $1/Dth for exceeding a 5% tolerance on positive daily imbalances. The utility noted that high-inventory OFOs have occurred during the Fourth of July weekend every year since 1998, the year OFOs were first implemented on its California Gas Transmission system.
July 5, 2005
Transportation Notes
Pacific Gas and Electric issued a systemwide Stage 2 high-inventory OFO for Saturday, setting penalties at $1/Dth for exceeding a 5% tolerance on positive daily imbalances.
June 27, 2005
CFTC Fines Former Oneok Gas Trader in Fraudulent Scheme
The Commodity Futures Trading Commission (CFTC) last week ordered a former natural gas trader for Oneok to pay $25,000 in civil penalties and $31,000 in restitution for his role in a fraudulent scheme to skim profits from Oneok’s natural gas futures contracts trading on the New York Mercantile Exchange.
June 20, 2005
Transportation Notes
Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Friday. The order carries $1/Dth penalties for exceeding a 5% tolerance on positive daily imbalances.
June 17, 2005
CFTC Fines Former Oneok Gas Trader in Fraudulent Scheme
The Commodity Futures Trading Commission (CFTC) on Monday ordered a former natural gas trader for Oneok to pay $25,000 in civil penalties and $31,000 in restitution for his role in a fraudulent scheme to skim profits from Oneok’s natural gas futures contracts trading on the New York Mercantile Exchange.
June 14, 2005
Transportation Notes
Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Wednesday. Penalties of $1/Dth will be assessed against customers who exceed a 5% tolerance for positive daily imbalances.
June 8, 2005
Transportation Notes
Pacific Gas & Electric extended Thursday’s systemwide Stage 2 high-inventory OFO through at least Friday. The OFO carries $1/Dth penalties for exceeding a positive daily imbalance tolerance of 5%.
June 3, 2005
Transportation Notes
After two days without an OFO, Pacific Gas & Electric declared another systemwide Stage 2 high-inventory OFO for Wednesday. The order carried penalties of $1/Dth for exceeding an 8% tolerance on positive daily imbalances.
May 11, 2005
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