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ConocoWarns Against Price Reaction

On behalf of the Natural Gas Supply Association, Conoco GeneralManager Mike Johnson is scheduled today to recommend that thegovernment maintain a hands-off approach to the natural gas marketdespite concerns about a potential crisis from Senate Energy andNatural Resources Committee Chairman Frank Murkowski, Sen. CharlesE. Schumer (D-NY) and other lawmakers. Several congressmen andsenators have voiced concern recently about high prices, low storagelevels and rising demand (see Daily GPI, July 11).

July 26, 2000

CMP Endorsed For Maine Territories

Staff of the Maine Public Utilities Commission (PUC) recommendCMP Natural Gas (CMPNG) be allowed to serve “un-served” areas ofGorham and Westbrook, ME, as well as serve Calpine’s proposed540-megawatt gas-fired power plant in Westbrook. Last July, CMPNGand Calpine signed a long-term contract to provide gas deliveryservice contingent upon PUC approval. Construction of Calpine’s$200 million electric generating facility is under way and willrequire gas service by June 1.

November 4, 1999
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