FERC has called on staff to convene a technical conference toreview various options to “resolve the jurisdictional and policyissues” posed by the proposed TriState Pipeline project. TheCommission issued an order calling for the conference after itfailed to act last week on TriState’s request for “expeditedrehearing” of a May decision in which it shelved theChicago-to-Dawn Hub project as proposed and suggested other optionsfor the sponsors to pursue.
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Futures Spike Amid Hurricane Fear
The futures market spiked higher Monday in response to thethreat to natural gas supplies in the Gulf of Mexico posed byHurricane Mitch. There was an early buying surge as non-commericaltraders struggled to close out short positions ahead of the rally.However, once the market started its momentum, buying came from allsegments of the market. The November contract settled up 13.4 centsto $2.298.
FERC Examines Market Center Obstacles on Eastern Pipelines
Seeking a generic response to the restraints on competitionposed by pipelines’ bundling of production area costs into marketarea rates, FERC has asked parties in cases involving threepipelines delivering to the East Coast to respond to itstransportation rulemaking.
FERC Examines Market Center Obstacles
Seeking a generic response to the restraints on competitionposed by pipelines’ bundling of production area costs into marketarea rates, FERC has asked parties in cases involving threepipelines delivering to the East Coast to respond to itstransportation rulemaking.