Protection

MRT said a System Protection Warning will take effect today,primarily impacting services north of the Glendale (AR) Station. Italso will limit firm volumes to their primary direction of flow.

MRT is lifting today a System Protection Warning that had beenimplemented Tuesday (see Daily GPI, Dec. 12).

Pacific Gas & Electric and Sonat did not extend OFOs beyondTuesday, and MRT is letting its System Protection Warning expirethis morning.

MRT is issuing a System Protection Warning for today throughFriday in conjunction with planned maintenance at its UnionvilleStorage Facility in North Louisiana. For today’s entire gas dayWest Line shippers west of Unionville will be limited to a maximumof 40% of their nomination. If excess volumes continue to flow intothe system during this warning, MRT said, an OFO and/or curtailmentof ISS storage injections may become necessary.

The D.C. appellate court has issued a final ruling upholding theEnvironmental Protection Agency’s (EPA) 1998 clean-air rulerequiring several states east of the Mississippi River to enforcestrict nitrogen-oxide (NOx) emission standards.

The D.C. appellate court issued a final ruling last weekupholding the Environmental Protection Agency’s (EPA) 1998clean-air rule requiring several states east of the MississippiRiver to enforce strict nitrogen-oxide (NOx) emission standards.

Coho Energy is exiting bankruptcy protection with new seniormanagement and a new bank facility. Coho and five of its affiliatesfiled for Chapter 11 Aug. 23. At the time, Coho listed totalliabilities of $425 million. Under the reorganization plan, Coho’sthree largest institutional bondholders converted their debt into90% of the equity of the reorganized company. These bondholdersalso provided the majority of the $72 million of subordinatednotes, as provided under the reorganization plan. The bondholdersare Appaloosa Management, Oaktree Capital Management and PPMAmerica.

As polluting utilities were preparing to fight a broadEnvironmental Protection Agency emissions-reduction edict issuedlast week, they were hit with an appeals court decision upholdingan earlier EPA order on the same subject – nitrogen oxide (NOx)emissions.

As polluting utilities were preparing to fight a broadEnvironmental Protection Agency emissions-reduction edict issuedlast week, they were hit with an appeals court decision upholdingan earlier EPA order on the same subject — nitrogen oxides (NOx)emissions.