Questar has scheduled line work near the Whitmore Park (MAP 204) receipt point on its Southern System for the May 13 gas day. Producers behind Whitmore Park and three other receipt points must shut in by 7 a.m. that morning and will be contacted by Gas Control to come back online once the work has been completed. Based on the current operating configuration and current nominations, Questar expects to reduce nominations an additional 40,000 Dth on Southern System volumes in the East of Price segment.
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Articles from Point
FERC Backs PG&E Pipe’s Action against Credit Risky Marketer, to a Point
PG&E Transmission, Northwest Corp. (PG&E-GTN) was correct last fall when it determined that Denver, CO-based marketer, e prime Inc., was no longer creditworthy under the pipeline’s tariff guidelines, and threatened to suspend service to the company, according to FERC. However, the agency has deferred ruling on whether PG&E-GTN had the authority to demand from e prime a 12-month pre-payment of charges to continue as a shipper.
FERC Backs PG&E Pipe’s Action against Credit Risky Marketer, to a Point
In what may be the prelude to a key ruling involving pipeline credit issues, FERC said PG&E Transmission, Northwest Corp. (PG&E-GTN) was correct last fall when it determined that Denver, CO-based marketer, e prime Inc., was no longer creditworthy under the pipeline’s tariff guidelines, and threatened to suspend service to the company. However, the agency deferred ruling on whether PG&E-GTN had the authority to demand from e prime a 12-months pre-payment of service to continue as a shipper.
Raymond James Analysts Bump Average 2003 Gas Price Forecast to $5 Mark
Going against the grain and current consensus views, Raymond James analyst Marshall Adkins and his group said Monday that they believe natural gas prices will average $5/MMBtu next year, which would be about 50% higher than average 2002 prices and substantially higher than most, if not all, other gas price forecasts by analysts, consultants and the federal government.
Early Indications Point to Active Hurricane Season in 2003
According to renowned hurricane forecaster Dr. William Gray of Colorado State University, it’s never too early to start thinking about the next hurricane season, particularly the 2003 season, which is expected to be more active than normal. Gray expects 12 named storms, eight hurricanes and three intense hurricanes (category 3-5) in 2003.
Early Indications Point to Active Hurricane Season in 2003
According to renowned hurricane forecaster Dr. William Gray of Colorado State University, it’s never too early to start thinking about the next hurricane season, particularly the 2003 season, which is expected to be more active than normal. Gray expects 12 named storms, eight hurricanes and three intense hurricanes (category 3-5) in 2003.
CEO: ConocoPhillips’ Future Growth in Upstream
Houston-based major ConocoPhillips has implemented a three-point plan designed to improve its return on capital employed from 12% to 14% over the next several years, with almost 75% of the 2003 capital budget directed toward improving the upstream business.
CEO: ConocoPhillips’ Future Growth in Upstream
Houston-based major ConocoPhillips has implemented a three-point plan designed to improve its return on capital employed from 12% to 14% over the next several years, with almost 75% of the 2003 capital budget directed toward improving the upstream business.
Iroquois Asks Delay in Consideration of its East Long Island Project
Iroquois Pipeline, having reached a critical point in development of its Eastern Long Island (ELI) expansion project, has asked FERC to defer further action on its application until at least January when Iroquois will provide a status update.
Allegheny Defaults on Credit Agreements, Shares Tumble
Shares of Allegheny Energy Inc. were off by more than an eye-popping 50% at one point last Tuesday after the company said that it is in technical default under its principal credit agreements and those of its subsidiaries, Allegheny Energy Supply Company LLC and Allegheny Generating Co., after it declined to post additional collateral in favor of several trading counterparties.