In an unusual move Wednesday, the Federal Energy Regulatory Commission, without any prodding from the courts, vacated an order that authorized Transcontinental Gas Pipe Line to spin off its 400-mile South Texas mainline and lateral facilities to an unaffiliated Texas intrastate pipeline, Enbridge Pipelines LP.
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Altra Energy Technologies said it set new records for physicallydelivered natural gas and natural gas swaps for the thirdconsecutive month in a row on Aug. 31. On that day, 146 Bcf ofdelivered gas and 135 Bcf of swaps were traded. The previous highwas 132 Bcf for natural gas and 133 Bcf for swaps. David Hanson,Altra’s vice president of gas marketing said greater liquidity andefficiency in the system played a part in increasing transactionintensity.
September 3, 1999
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