A unit of Williams and Redbud Energy LP announced today the execution of agreements in which Williams will provide up to 51,980 Dth/d of firm natural gas transportation service to the natural gas-fueled Redbud Energy Facility near Luther, OK. In conjunction with the agreement, Williams’ Central pipeline system said it will seek permission from the Federal Energy Regulatory Commission (FERC) to construct a 30-inch diameter pipeline and measurement and flow control facilities to the plant. Williams said it proposes to have the new facilities in service by Dec. 15, 2002. Full operation of the 1,100 MW Redbud combined-cycle generation facility is scheduled for June 1, 2003. Financial terms of the agreement were not disclosed. “We are very pleased to have reached this agreement with Redbud to help them utilize clean-burning, economical natural gas for their proposed state-of-the-art power generation facility near Luther. This agreement is another example of Williams’ strong commitment to the fast-growing power generation market,” said Dean Jones, vice president of customer services and rates for Williams’ Central and Texas Gas systems.
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TransCanada, National Fuel Propose 215-Mile Pipeline
TransCanada PipeLines Ltd. and National Fuel Gas Co. last Wednesday proposed a new 215-mile, 30-inch natural gas pipeline project that would provide initial capacity of 500 MMcf/d from Dawn, ON to the Ellisburg-Leidy area in Pennsylvania. The companies said they made the decision to begin the Northwinds Pipeline, which will cost $350-$400 million, after examining initial technical, environmental and market assessments in Canada and the United States.
TransCanada, National Fuel Propose 215-Mile Pipeline
TransCanada PipeLines Ltd. and National Fuel Gas Co. on Wednesday proposed a new 215-mile, 30-inch natural gas pipeline project that would provide initial capacity of 500 MMcf/d from Dawn, ON to the Ellisburg-Leidy area in Pennsylvania. The companies said they made the decision to begin the Northwinds Pipeline, which will cost $350-$400 million, after examining initial technical, environmental and market assessments in Canada and the United States.
XTO Hedges Approximately 80% of 2002 Volumes at $3.88
Fort Worth, TX-based XTO Energy Inc. announced that in order to provide stability in the future, it has hedged additional natural gas volumes. The company reported it has now locked in approximately 80% of its projected 2002 natural gas production at an average NYMEX price of $3.88/Mcf.
MGE Seeks Gas, Electric Rate Hike in WI
In order to continue to provide reliable natural gas and electric service to its customers, Madison Gas and Electric Co. (MGE) reported that it has filed an application with the Public Service Commission of Wisconsin that includes replacement power expenses for an extended outage at the Columbia Generating Station.
Northern Alabama Gets New Gas Storage Facility
The Northwest Alabama Gas District is opening a new gas storage facility in the state to provide the municipal gas company and other third-party providers with flexibility to meet peak-day requirements while lowering their average cost of gas. The facility, which was funded by $20.3 million in revenue bonds issued by the District in 2000, is located in Lamar County and is expected to give northwestern Alabama an additional asset for attracting new business and industry.
Northern Alabama Gets New Gas Storage Facility
The Northwest Alabama Gas District is opening a new gas storage facility in the state to provide the municipal gas company and other third-party providers with flexibility to meet peak-day requirements while lowering their average cost of gas. The facility, which was funded by $20.3 million in revenue bonds issued by the District in 2000, is located in Lamar County and is expected to give northwestern Alabama an additional asset for attracting new business and industry.
Seven Powder River Properties Available Online
Schlumberger subsidiary IndigoPool.com said Thursday it would provide the online marketplace to divest of seven coalbed methane property packages in the Powder River Basin of Wyoming. The project, co-developed by Waterous & Co. and IndigoPool, allows potential buyers to evaluate the properties online.
Last-Minute Talks Delay CA Energy Bill Markup
Plans by the House Energy and Commerce Committee to mark up emergency legislation designed to provide relief to the troubled California wholesale energy markets were delayed yesterday after last-minute negotiations broke out between Democrats and Republicans over the measure.
Barton Bill Could Get Full Energy Panel Markup This Week
Emergency legislation designed to provide relief to the troubled California wholesale energy markets could get consideration by the full House Energy and Commerce Committee this week, a Capitol Hill staffer told NGI last week.
