Precedent

El Paso Corp. subsidiary Tennessee Gas Pipeline (TGP) said it signed precedent agreements with shippers in support of two pipeline expansion projects that are designed to meet growing gas demand in the Northeast. The projects, which are called Northeast ConneXion-New England and Northeast ConneXion-New York/New Jersey, are being developed in response to customers’ requests for additional gas supply access from storage fields in New York, Pennsylvania and the Gulf Coast.

El Paso Corp. subsidiary Tennessee Gas Pipeline (TGP) said it signed precedent agreements with shippers in support of two pipeline expansion projects that are designed to meet growing gas demand in the Northeast. The projects, which are called Northeast ConneXion-New England and Northeast ConneXion-New York/New Jersey, are being developed in response to customers’ requests for additional gas supply access from storage fields in New York, Pennsylvania and the Gulf Coast.

Time and money drove parties to last week’s precedent-setting proposed Chapter 11 bankruptcy settlement between Pacific Gas and Electric Co. and state regulators because of the prospects of costly, time-consuming seemingly endless litigation. Nevertheless, many hurdles for the proposed deal emerged in the immediate aftermath last Friday, not the least of which were critical comments from regulators and the state’s governor.

Time and money drove parties to last week’s precedent-setting proposed Chapter 11 bankruptcy settlement between Pacific Gas and Electric Co. and state regulators because of the prospects of costly, time-consuming seemingly endless litigation. Nevertheless, many hurdles for the proposed deal emerged in the immediate aftermath last Friday, not the least of which were critical comments from regulators and the state’s governor.

Fresh from a precedent-setting electric rate settlement including a wholesale power cost coverage mechanism, Puget Sound Energy (PSE) of Bellevue, WA, is eyeing a similar natural gas settlement by Sept. 1 in what its executives described as an improved state regulatory climate during a conference call with financial analysts Friday. The utility, which is part of the Puget Energy corporate structure, has a $56 million, or 9.1%, gas rate increase pending with the Washington Utilities and Transportation Commission (WUTC).

Shell Gas & Power said last week it has entered into a binding precedent agreement to acquire all of the new capacity offered by Southern LNG in its recently concluded open season to expand its Elba Island liquefied natural gas (LNG) terminal near Savannah, GA. The deal connects the dots for Shell, providing a market for its overseas LNG export activities.

Shell Gas & Power said Thursday it has entered into a binding precedent agreement to acquire all of the new capacity offered by Southern LNG in its recently concluded open season to expand its Elba Island liquefied natural gas (LNG) terminal near Savannah, GA.

In light of the “national importance” and “precedent-setting character” of the pending bid-rigging and price-manipulation complaint against El Paso Natural Gas, California regulators and the state’s three principal utilities have asked that they be given a chance to make a pitch for their case before the full FERC.

In light of the “national importance” and “precedent-setting character” of the pending bid-rigging and price-manipulation complaint against El Paso Natural Gas, California regulators and the state’s three principal utilities have asked that they be given a chance to make a pitch for their case before the full FERC.