Placed

Transportation Notes

Tennessee Gas maintained an operational flow order for Wednesday due to nominations in excess of available capacity in Zone 0 and at Niagara. It placed restrictions on deliveries to Station 40 and at its Niagara River Meter. Tennessee also said it will not accept any increases pathed through MLV 528, excluding the header on the Bluewater system and the TTT line 523M-2300 from Eugene Island 365 to Ship Shoal 198. It restricted flow through Station 834. For details see its pipeline bulletin board. Tennessee also confirmed leaks on its 26-inch diameter pipeline at Ship Shoal 157 and Ship Shoal 144. Divers are assessing the damage. Its mainline valve 528 remains shut in due to water at the Port Sulphur Compressor Station (Station 527). It also incurred damage in the South Timbalier area on several lines (524J-100, 524J-600, and 524J-800) and has leaks on the 524C-100 line and the 524C-600 line. Tennessee said it has survey boats inspecting the West Delta, South Pass, and Main Pass areas. It determined that the meters on the Blue Water Header (from Vermillion 245 to Ship Shoal 198) as well as the TTT line 523M-2300 (from Eugene Island 365 to Ship Shoal 198) are available and can begin flowing. The east leg of the Blue Water system remains shut-in. Therefore, gas that would typically be processed at the Yscloskey processing plant will now be flowing on the Blue Water header in a westerly direction and will require processing at the Blue Water Plant. Producers flowing on this portion of the Blue Water system with a hydrocarbon dew point greater than 20 degrees must sign a processing agreement with the Blue Water plant immediately.

September 7, 2005

Enbridge Starts Up 500 MMcf/d East Texas Pipeline

Enbridge Energy Partners LP. said Friday that it has placed its new 500 MMcf/d East Texas natural gas transmission pipeline into service. The 36-inch diameter pipeline originates at the partnership’s existing facilities near Bethel in Anderson County, TX and terminates at the Enbridge Carthage Hub in Panola County, TX.

June 27, 2005

Gulfstream Places Phase II System Extension into Operation

After receiving FERC approval Gulfstream Natural Gas System last Tuesday placed its Phase II pipeline facilities in Florida into service, extending the reach of the pipeline by 110 more miles across the Sunshine State and providing 350 MMcf/d of additional long-term firm transportation service.

February 7, 2005

Gulfstream Places Phase II System Extension into Operation

After receiving FERC approval Gulfstream Natural Gas System on Tuesday placed its Phase II pipeline facilities in Florida into service, extending the reach of the pipeline by 110 more miles across the Sunshine State and providing 350 MMcf/d of additional long-term firm transportation service.

February 2, 2005

Brokers Say Funds Not to Blame for High Prices, Provide Benefit to Market

Some large gas consumers have placed the blame for current high natural gas futures prices and market volatility on speculative fund trading, but according to two veteran brokers without the funds in the market currently gas futures prices probably would go up even more.

December 13, 2004

TransCanada Income Slips Slightly; GTN Purchase Nears Completion

Canadian pipeline giant TransCanada Corp. reported a 1-cent/share drop in net income from continuing operations for the third quarter to 40 cents/share compared to the same period last year but income for the first nine months of the year was up 30% to $1.64/share.

October 27, 2004

TransCanada Income Slips Slightly; GTN Purchase Nears Completion

Canadian pipeline giant TransCanada Corp. reported a 1-cent/share drop in net income from continuing operations for the third quarter to 40 cents/share compared to the same period last year but income for the first nine months of the year was up 30% to $1.64/share.

October 27, 2004

Moody’s Considering Upgrade to Williams’ Rating

In a strong signal that The Williams Cos. is on track for recovery, Moody’s Investors Service on Friday placed the Tulsa-based company’s junk-rated debt under review for possible upgrade. Even before the review, however, Moody’s upgraded Williams’ speculative grade liquidity rating to ‘SGL-2’ from ‘SGL-3,’ which “indicates our expectation of good liquidity for the 12 months ending June 30, 2005.”

July 26, 2004

Keystone’s Third Gas Storage Cavern Begins Service

A third natural gas storage cavern has been placed in service at the Keystone Gas Storage Facility, which brings its total active gas storage capacity to 3 Bcf, Unocal Midstream & Trade (UMT) said Friday. Mining operations for the fourth and fifth caverns continue, and total capacity could reach 5 Bcf by early 2006, the Unocal Corp. subsidiary said.

June 28, 2004

MA Delegation Wants Boston Harbor Placed on High Alert When LNG Delivered

Seven Massachusetts’ Democrats have called on the federal government to place Boston Harbor and Everett, MA, on high security alert (Orange Level) whenever liquefied natural gas (LNG) tankers enter the harbor to be offloaded at the Distrigas import terminal.

March 1, 2004
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