Progress

CIG said it “is beginning to see some progress in achieving balance in its storage fields,” but the Ft. Morgan and Latigo facilities “continue to operate above the storage guidelines.” Therefore the previously announced Strained Operating Condition, OFO and Underperformance Caps will remain in place until further notice, CIG said, adding that it will update its assessment of operating conditions for the upcoming weekend no later than 2 p.m. MDT Thursday.

El Paso Corp. Monday reported “significant” progress in selling several noncore assets, with agreements completed or nearly finalized that altogether should net the company close to $275 million.

Rockies Express (REX) has reassessed its progress in constructing its 1.8 Bcf/d REX-East pipeline, extending the date for completion by five months to the start of the 2009 winter heating season.

Rockies Express (REX) has reassessed its progress in constructing its 1.8 Bcf/d REX-East pipeline, extending the date for completion by five months to the start of the 2009 winter heating season.

In its sixth report to Congress, FERC said there has been “substantial progress towards development” of an Alaska natural gas pipeline since it last submitted a report earlier this year.

In a report to Congress Friday, the Federal Energy Regulatory Commission said there has been “substantial progress towards development” of an Alaska natural gas pipeline since it last submitted a report earlier this year.

There was a lot of talking on Capitol Hill about energy legislation last week, but in the end lawmakers made no substantive progress on energy policy before heading home for their month-long August recess. Last minute bills and threats, however, indicated they would be back to do it all over again in a short September session, before going off to get re-elected, or not.

BP is “extremely disappointed with where we are at right now in Alaska,” Lee Lunde, senior vice president of BP Canada Energy, said Thursday, commenting on the progress of legislation proposed by the new Alaska governor to spur construction of a natural gas pipeline going south to the Lower 48.

Ruling that Progress Energy Florida (PEF) was simply enhancing the reliability of its fuel supply, the Florida Public Service Commission (PSC) has granted the utility permission to recover the costs associated with transporting new supplies of domestic natural gas. The utility said it plans to enter into a series of agreements to move gas on a proposed pipeline known as the Southeast Supply Header (SESH).