Project

Mirant Sells Production Unit, Chinese Power Plant, Lowers Guidance

Mirant Corp. has sold its interest in the Shajiao C power project in China for $300 million and sold 96 Bcf of proved oil and gas reserves in Louisiana for $150 million. The sales were reported with its third quarter financial statement, which showed a net loss of $1 million ($0/share) and third quarter adjusted earnings of $149 million, or 33 cents/share. Adjusted earnings per share were below the 47 cents/share average of analysts’ expectations, and the company lowered its earnings guidance for the year to $1.-1.05 compared to the $1.39 average analysts’ expectations.

December 26, 2002

SGR Holdings Inks Deal to Hook Up MS Storage Project to Destin Pipeline

SG Resources Mississippi LLC (SGRM) has executed a pipeline interconnect agreement with Destin Pipeline Co. LLC as part of SGRM’s planned direct interconnection for the Southern Pines Energy Center, a new high deliverability salt cavern gas storage facility to be located in Greene County, MS.

December 23, 2002

SGR Holdings Inks Deal to Hook Up MS Storage Project to Destin Pipeline

SG Resources Mississippi LLC (SGRM) has executed a pipeline interconnect agreement with Destin Pipeline Co. LLC as part of SGRM’s planned direct interconnection for the Southern Pines Energy Center, a new high deliverability salt cavern gas storage facility to be located in Greene County, MS.

December 19, 2002

Transportation Notes

El Paso extended the bid period for its Bondad Expansion Project (see Daily GPI, Nov. 13) through Dec. 6. The deadline previously had been set for this Friday. The pipeline said the extension was made to accommodate customers who are interested in this expansion and who are also subject to the receipt point election process on El Paso. The results of that process will be available Dec. 2.

November 20, 2002

Transportation Notes

Tennessee reported completion of the Torrington Lateral project and is now accepting nominations at the Winsted and Torrington meters. The lateral originates in Massachusetts as a Zone 6 interconnect with Line 200 and go about 20 miles south to Torrington, CT.

August 20, 2002

Transportation Notes

Gulf South began performing scheduled maintenance Monday on Unit #1 at its Clarence (LA) Compressor Station. The project, which will last through Aug. 18, could reduce capacity on Index 129 (West 30-inch line) by an additional 50 MMcf/d to a total of 125 MMcf/d. The first potential reduction of 75 MMcf/d comes from ongoing work at the Goodrich (TX) Compressor Station (see Daily GPI, July 10 ). In addition, unscheduled maintenance was initiated Monday on Index 391 (20-inch line from Longview to Carthage in East Texas). The maintenance will continue until further notice and requires Gulf South to operate at a lower than normal operating pressure, but no service interruptions are expected.

August 6, 2002

Dominion Holds Open Season for Market Area Storage

Northeast market area demand growth has prompted Dominion Transmission Inc. (DTI) to plan a storage expansion project. Dominion is holding an open season for up to 6 Bcf of storage capacity and 100,000-200,000 Dth/d of deliverability under 15-year contract terms. The 30- to 60-day firm service would be available starting in the 2004-2005 winter heating season.

April 8, 2002

Falcon Begins Enhanced Storage Service at Hill-Lake Project

Falcon Gas Storage Co. said it has started natural gas deliveries from its Hill-Lake Gas Storage field in Eastland County, TX. Deliveries are being made through the new Cisco Pipeline, which links Hill-Lake with the North Texas Pipeline (owned jointly by TXU Fuels and El Paso Energy Partners) and Lone Star Pipeline’s Line “X.”

February 22, 2002

Sempra Energy Reports Lower 3Q Earnings Due to NS Bailout

Despite lower earnings due to a one-time charge tied to its abandoning a natural gas distribution project in Nova Scotia, San Diego-based Sempra Energy’s CEO on Thursday raised the bar for shorter and longer-term earnings growth — principally in the nonutility businesses. Sempra took a one-time, after-tax charge of $25 million, or 12 cents/diluted share, for giving up its natural gas distribution franchise in Nova Scotia.

October 29, 2001

Columbia Gas Sets Open Season For New Midwest Project

Columbia Gas Transmission is conducting an open season to test the level of interest in moving Midcontinent gas collected by other pipelines into its Ohio territory to serve the growing power generation load.

October 15, 2001