Penalty

In the ongoing lawsuit filed by the state of Alabama against ExxonMobil Corp., a state circuit court judge on Monday reduced the $11.8 billion punitive damages award against the oil major by 75%, to $3.5 billion. The lawsuit seeks unpaid royalties on Alabama’s offshore natural gas leases.

Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Wednesday, setting the penalty for exceeding a stringent 1% tolerance on positive daily imbalances at $1/Dth.

Citing maximum withdrawals at its Washington Ranch storage facility, El Paso declared an Unauthorized Overpull Penalty situation Tuesday. The pipeline also said the Flagstaff (AZ) Station’s #1 unit requires extensive repairs that will make the station unavailable through April 9. The work reduced capacity of the North Mainline by about 90 MMcf/d effective with Tuesday’s Cycle 2 nominations.

El Paso lifted an Unauthorized Overpull Penalty notice effective with Thursday’s Cycle 3 nominations. The UOP had been implemented Tuesday.

Saying its Washington Ranch storage facility was experiencing maximum withdrawals, El Paso declared an Unauthorized Overpull Penalty situation Tuesday. The pipeline said it would limit scheduled volumes at underperforming interconnects to insure system integrity.

El Paso declared an Unauthorized Overpull Penalty situation Sunday, saying its Washington Ranch storage facility was at maximum withdrawal.

El Paso ended Saturday an Unauthorized Overpull Penalty alert that had been declared three days earlier.

El Paso declared an Unauthorized Overpull Penalty situation Tuesday, saying its Washington Ranch storage facility was experiencing maximum withdrawals. To insure system integrity, the pipeline planned to limit scheduled volumes at underperforming interconnects.

El Paso declared an Unauthorized Overpull Penalty situation late Monday afternoon, saying its Washington Ranch storage facility was experiencing maximum withdrawals. “To insure system integrity, El Paso will place limits on scheduled volumes at interconnects that are underperforming,” the pipeline added. El Paso also said it has not determined how long the Alamo Lake Station’s #2 turbine will be down for unscheduled repairs. The outage reduced capacity of the Havasu Crossover 145 MMcf/d effective with nominations for Cycle 4 Monday and Cycle 2 Tuesday until further notice.