As hinted by its linepack projections Tuesday (see Daily GPI, Sept. 2), PG&E declared a systemwide Stage 2 low-inventory OFO on its California Gas Transmission System for Thursday, setting penalties of $1/Dth for noncompliance with a 5% tolerance on negative daily imbalances.
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Black Hills Defers Debt Financing in ‘Extraordinary’ Credit Market
Black Hills Corp., in the face of “extraordinary developments in the financial sector,” has revised projections for this year and next, cutting 2009 capital expenditures (capex) in half and going for continuing bridge loans instead of the previously planned long-term funding of its $383 million acquisition debt.
Black Hills Defers Debt Financing in ‘Extraordinary’ Credit Market
Black Hills Corp., in the face of “extraordinary developments in the financial sector,” has revised projections for this year and next, cutting 2009 capital expenditures (capex) in half and going for continuing bridge loans instead of the previously planned long-term funding of its $383 million acquisition debt.
Analysts: Weak Economy to Soften Gas Demand
Expectations of a troubled economy in 2009 shouldn’t weigh too heavily on the minds of gas producers if analysts at Barclays Capital are correct in their demand projections. Demand will be weak to be sure, but not as weak as some might fear, they say.
Analysts: Weak Economy to Soften, Not Cripple, Gas Demand Next Year
Expectations of a troubled economy in 2009 shouldn’t weigh too heavily on the minds of gas producers if analysts at Barclays Capital are correct in their demand projections. Demand will be weak to be sure, but not as weak as some might fear, they say.
Alberta Seeing Diminished Flows From Revenue Tap
The Alberta government is spending more but enjoying it less after accepting industry projections of a steady decline ahead in natural gas production. While hiking spending by 10.7% to help services from schools to sewers catch up with growth lubricated by oilsands development, the province braced for erosion of gas as its biggest revenue earner.
Alberta Seeing Diminished Flows From Revenue Tap
The Alberta government is spending more but enjoying it less after accepting industry projections of a steady decline ahead in natural gas production. While hiking spending by 10.7% to help services from schools to sewers catch up with growth lubricated by oilsands development, the province braced for erosion of gas as its biggest revenue earner.
EIA Raises Projections for 2006, 2007 Spot Gas Prices
The Energy Information Administration (EIA) in its Short-Term Energy Outlook for November has raised its projections for average spot natural gas prices this year and next now that the winter heating season has officially gotten under way and industry has begun to draw down the bulging storage levels that have helped to depress prices over the past couple of months.
EIA Raises Projections for 2006, 2007 Spot Gas Prices
The Energy Information Administration (EIA) in its Short-Term Energy Outlook for November has raised its projections for average spot natural gas prices this year and next now that the winter heating season has officially gotten under way and industry begins to draw down the bulging storage levels that have helped to depress prices over the past couple of months.
Transportation Notes
Citing “very cold weather projections in the Pacific Northwest over the next few days and record low throughput volumes across the Canadian border,” Northwest declared a Stage II (8%) Overrun Entitlement for Receiving Parties on the Wenatchee Lateral and a Stage III Overrun Entitlement (13%) for all other Receiving Parties located north of the Kemmerer (WY) Compressor Station for the gas days of Wednesday and Thursday. Northwest said its tariff provides that an Overrun Entitlement will subject a receiving party to penalties if the party’s takes of gas exceed its confirmed nominations by more than the allowed threshold percentage. Northwest said it “encourages customers to secure adequate supplies from Canadian supply sources during this cold period.”