Quotation

To paraphrase a quotation attributed to Mark Twain (aka Samuel Clemens), everybody talks about the weather, but nobody seems to agree about the forecasts. Will El Nino warm up the Northeast and cool off the South and wreak havoc on utility and natural gas earnings? Will the Pacific Northwest have less rain this winter? And, most important, will the snow stop long enough in the Northeast to shovel the walkways clear for a day?

To paraphrase a quotation attributed to Mark Twain (aka Samuel Clemens), everybody talks about the weather, but nobody seems to agree about the forecasts. Will El Nino warm up the Northeast and cool off the South and wreak havoc on utility and natural gas earnings? Will the Pacific Northwest have less rain this winter? And, most important, will the snow stop long enough in the Northeast to shovel the walkways clear for a day?

A popular Mark Twain quotation goes, “Everybody talks about theweather but nobody does anything about it.” Well, utilities andend-users don’t want anybody doing anything at all about theweather because it was the primary reason (again, for the umpteenthtime) for prices to return to double-digit descents Friday in mostcases.

Coastal Corp.’s Gulfstream Natural Gas System has sent a requestfor quotation (RFQ) to 10 pre-qualified contractors for installationof the offshore portion of its proposed 744-mile natural gas pipelinefrom Alabama across the Gulf of Mexico to Florida. The RFQ calls foroffshore assembly and installation of more than 400 miles of 36-inchdiameter pipe to to serve Gulfstream’s customers in Florida. Thepipeline says it has 10 large, non-affiliated Florida utilities andpower generation facilities signed to long-term commitments for themajority of its capacity. Gulfstream is one of two largeunder-the-Gulf pipelines proposed to serve the Florida Peninsula. TheFederal Energy Regulatory Commission last month issued preliminaryapprovals for both Gulfstream and Buccaneer pipelines, each of whichproposes to carry about a Bcf/d into the state. The latter issponsored by Williams and Duke Energy (see Daily GPI, April 26).

Coastal Corp.’s Gulfstream Natural Gas System has sent a requestfor quotation (RFQ) to 10 pre-qualified contractors forinstallation of the offshore portion of its proposed 744-milenatural gas pipeline from Alabama across the Gulf of Mexico toFlorida.