South Jersey Gas received approval from the New Jersey Board ofPublic Utilities to expand its residential transportation programallowing 12,500 more customers to select an independent natural gasmarketer. “Last year, 13,000 customers tested the uncharted watersof deregulation by signing up with an independent marketer,” saidCharles Biscieglia, president of South Jersey. “Finding ways tohelp our customers reduce energy costs is important to us andanything we can do to create a potential for savings is a positivestep.” Enrollment for the expanded program closes July 31, 1999.South Jersey serves 260,000 residential, commercial and industrialcustomers in Atlantic, Cape May, Cumberland, Salem, and significantportions of Camden, Gloucester and Burlington counties.
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Minnegasco received approval from the Minnesota Public UtilitiesCommission (MPUC) for a fixed-rate pilot program scheduled to beginNov. 1 in Mankato and North Mankato, MN. The program offers about12,700 residential and 1,600 commercial customers the option ofbeing billed a fixed rate for gas for one year. If successful, theprogram could be expanded to other communities served byMinnegasco.
Natural gas futures traders received a taste of both bearish andbullish news Monday, as the spot June contract turned in yetanother in a recent wave of volatile daily trading ranges. Thebears made their presence felt first after June easily fell belowthe double bottom trading formation in the $2.152-16 area toestablish a new low of $2.110. However, strong buying kicked in atthat point, and the June contract rode that momentum to settle theday up 5.5 cents at $2.257/MMBtu.
Crossroads Pipeline Co., East Ohio Gas and CNG Transmission saidthey received expressions of interest for 800,000 Dth/d of capacityon their proposed transportation project, which would bring gasfrom the Chicago hub through Crossroads’ existing system to marketsin East Ohio’s service territory and farther east via CNG’spipeline system. The proposed project initially would add 150,000Dth/d of firm capacity across all three systems.
The Canadian inlet to the proposed Portland Natural GasTransmission System has received approval from the National EnergyBoard, in time for completion on schedule this Nov. 1. Titled thePNGTS Extension, the route will be built by Trans Quebec &Maritimes Pipeline Inc. from a connection with the TransCanadasystem in eastern Quebec at Lachenaie to an exit into New Hampshireat East Hereford.