Pipelines

Duke Sells 50% Stake in Foothills to TransCanada for $177M

Duke Energy said it is selling its 50% stake in Foothills Pipe Lines to TransCanada PipeLines for $177 million (C$257 million), including $105 million (C$152 million) in Foothills debt. Duke obtained the Foothills interest when it purchased Westcoast Energy in 2002 (see Daily GPI, Sept. 21, 2001; Feb. 28, 2002).

May 14, 2003

EIA: 20-30% of Planned Pipe Capacity in 2003-05 Will Not Be Built

Natural gas pipelines added a record 12.8 Bcf/d of new transportation capacity during 2002, but the Energy Information Administration (EIA) in a special report predicts the feverish pace will slow over the next several years due to the downturn in the economy, project cancellations and postponements by power generators and the grim financial state of the energy industry.

May 5, 2003

EIA: 20-30% of Planned Pipe Capacity in 2003-05 Will Not Be Built

Natural gas pipelines added a record 12.8 Bcf/d of new transportation capacity during 2002, but the Energy Information Administration (EIA) in a special report predicts the feverish pace will slow over the next several years due to the downturn in the economy, project cancellations and postponements by power generators and the grim financial state of the energy industry.

May 5, 2003

Energy Groups: FERC Affiliate Rule Would Hobble ‘Corporate Governance’

By seeking to significantly restrict the contacts of regulated natural gas pipelines and power transmission with their energy affiliates, the Federal Energy Regulatory Commission could be trading one set of problems — affiliate misconduct — for another set of problems dealing with “corporate governance,” three energy associations warned the agency.

April 15, 2003

TransCanada Applies to Appeal NEB’s Fair Return Decision

TransCanada PipeLines Ltd. said late Friday that it is applying to the Canadian Federal Court of Appeal for leave to appeal the National Energy Board’s (NEB) RH-R-1-2002 Decision issued Feb. 20, which dismissed the company’s request for a review of the board’s June 2002 decision on TransCanada’s 2002 Fair Return Application.

March 24, 2003

TransCanada in Partnership Purchasing Ontario’s 4,600 MW Bruce Power for $376 Million

Two more Canadian firms, TransCanada PipeLines Ltd. and BPC Generation Infrastructure Trust of Toronto, have teamed with prior interest holder, Cameco Corp. of Saskatoon, Canada, to buy 79.8% of the massive Ontario-based nuclear power facility, Bruce Power L.P., from the financially ailing British Energy for an estimated $376 million.

February 17, 2003

Duke Pipelines Seek to Expand Reach in Northeast, Mid-Atlantic

Two Duke Energy Gas Transmission (DEGT) pipeline affiliates have asked FERC for the green light to broaden an already-certificated project and to build a loop expansion to increase transportation service to “two high-growth areas” — the Northeast and Mid-Atlantic region.

February 17, 2003

Duke Pipelines Seek to Expand Access in Northeast, Mid-Atlantic

Two Duke Energy Gas Transmission (DEGT) pipeline affiliates have asked FERC for the green light to broaden an already-certificated project and to build a loop expansion to increase transportation service to “two high-growth areas” — the Northeast and Mid-Atlantic region.

February 13, 2003

Settlement Sets Nova Revenue Requirement Lower

Nova Gas Transmission, TransCanada PipeLines’ Alberta system, has reached a one-year settlement with customers which would set a lower revenue requirement in 2003 than it collected in 2002.

February 10, 2003

Pipelines, LDCs, Power Grids Report Record Demand During Extreme Cold

Gas and winter power demand records fell throughout the eastern United States during the week ending Jan. 24, according to multiple local gas distribution companies, power utilities, electric grid operators and pipeline companies. Williams subsidiary Transcontinental Gas Pipe Line (Transco), which serves the entire East Coast region, said last week that it set a new peak gas transportation record on seven out of 10 days from Jan. 15-24.

February 3, 2003