Plug

After pending at FERC for five long years, El Paso Corp’s ANR Pipeline told the Commission last week that it was calling it quits with the troubled Independence Pipeline and companion SupplyLink projects, which had been conceived and designed to bring cheap Canadian natural gas from the Midwest to East Coast markets.

Sierra Pacific Resources and Enron Corp. agreed last week to terminate their purchase and sale agreement for Enron’s wholly owned electric utility subsidiary, Portland General Electric. The termination had been hinted at during a recent conference call with Enron CEO Jeffrey Skilling. The western energy crisis was blamed for the cancellation.

BP Canada late Tuesday extinguished the fire on the remaining well at its Fort Saskatchewan plant by setting a plug downhole in the well to isolate the cavern that stores ethane at the natural gas liquids (NGL) facility. The plant fire started following an explosion Aug. 26, which caused two wells to catch fire (see Daily GPI, Sept. 4). BP said it was sending emergency crews home and would bring in a recovery team to return operations to normal. The BP team now will focus on what caused the incident and will bring all pipeline systems and operations up by the end of the week. Most of the systems affected by the fire are now fully or partially operational, BP said, with the Peace and AEGS systems operating at 100%; Co-Ed running at 80%; and Cochin operating at 50% volumes.

Enron Corp. has decided not to move forward with plans to construct a 500 MW power plant in Pompano Beach, FL, a decision that company spokesperson Eric Thode said is in keeping with Enron’s overall practice of going into a state with plans to build more plants than the company actually intends to construct. Thode emphasized that the move had nothing to do with public opposition to the facility.

Enron Corp. has decided not to move forward with plans to construct a 500 MW power plant in Pompano Beach, FL, a decision that company spokesperson Eric Thode said is in keeping with Enron’s overall practice of going into a state with plans to build more plants than the company actually intends to construct. Thode emphasized that the move had nothing to do with public opposition to the facility.

Sierra Pacific Resources and Enron Corp. agreed yesterday to terminate their purchase and sale agreement for Enron’s wholly owned electric utility subsidiary, Portland General Electric. The termination had been hinted at during a recent conference call with Enron CEO Jeffrey Skilling (see Daily GPI, March 26).

Someone pulled the plug on gas futures yesterday, but there’sstill plenty of water left in the tub. The July contract plunged42.5 cents but remained above $4 at $4.063.