Positive

MI Electric Choice Continues Bid Process

Detroit Edison reported that its unique bid-phased electricchoice program in Michigan continues to receive a positive responsefrom new participants using the system. The fifth and final bidphase of the program showed that demand for capacity on itsdistribution system again exceeded the amount of space available,as the company received over 70 requests.

December 8, 2000

Futures Find Support at $3.80, Finish on Positive Note

With little in the way of fresh news on either the technical orfundamental front, natural gas prices took the path of leastresistance yesterday, slipping lower but settling above key supportat $3.80. After plumbing its lowest point in two months at $3.79shortly after 2 p.m. (EST), the August contract finished stronglyto settle at $3.86, down 2.4 cents on the day.

July 21, 2000

Transportation Notes

Pacific Gas & Electric had a systemwide Stage 1high-inventory OFO in effect Wednesday, with penalties of 25cents/dth for positive daily imbalances exceeding a 1% tolerance.The OFO is being reduced to a customer-specific one effectivetoday. As of Wednesday PG&E was projecting that linepack wouldremain slightly above its target operating limit through Friday,then jump to much above its target Saturday.

July 6, 2000

Coastal Touts Benefits of Gulfstream System

As it continues to assuage concerned landowners and perhaps keepa positive image in front of regulators, Houston’s Coastal Corp.yesterday touted the benefits of its proposed Gulfstream NaturalGas System LLC affiliate, saying that the Florida pipeline willpump $1.2 billion into the Sunshine state’s economy, most of thatcoming during the construction phase.

June 16, 2000

Transportation:

Pacific Gas & Electric had a systemwide high-inventory OFOin effect Monday but did not extend it through today. The Stage 2order carried penalties of $1/Dth for positive daily imbalancesexceeding a tolerance of 1%.

June 13, 2000

Transportation Notes

Florida Gas Transmission still has an Overage Alert Day notice ineffect today until further notice but loosened the tolerance forpositive daily imbalances from its initial 2% (see Daily GPI, May 25) to 15%.

May 31, 2000

Transportation Notes

Pacific Gas & Electric issued a systemwide high-inventoryOFO for today. While the tolerance for positive daily imbalances isfairly stringent at 3%, the non-compliance penalty is light at 25cents/Dth. As of Thursday PG&E was projecting above-targetlinepack through Sunday.

April 7, 2000

Storage, Chart Gap Gives Futures Bulls a Reason

Impressed with their handiwork following Tuesday’s positivemarket momentum, Nymex bulls were on the offensive again yesterdayas they loaded up on long positions ahead of yesterday’s storagereport. After opening at Tuesday’s high of $2.77, the Aprilcontract rumbled higher yesterday morning only to tumble back intothe $2.70s in the afternoon. The prompt month closed up 4.3 centsat $2.794.

March 23, 2000

Transportation Notes

Pacific Gas & Electric extended a high-inventory Stage 1 OFO(see Daily GPI, March 14) through todayand tightened the tolerance for positive imbalances from 3% to 1%.

March 16, 2000

Transportation Notes

Pacific Gas & Electric issued a high inventory Stage 1 OFOfor today with 3% tolerance for positive imbalances.

March 15, 2000