Northwest implemented a Declared Deficiency Period at the Pleasant View Compressor Station Wednesday that is expected to last through Saturday. It referred to a previous posting about pigging data that revealed anomalies in the Pleasant View-to-La Plata Compressor Station corridor requiring immediate repair (see Daily GPI, Dec. 19). “Pressure restrictions required to safely complete the repairs have reduced the operating capacity at the Pleasant View Compressor Station to 275,000 Dth/d and current Primary nominations for gas day 12/20/06 are in excess of 310,000 [Dth/d],” the pipeline said, adding that the design capacity at Pleasant View Compressor is 352,446 Dth/d, resulting in a daily deficiency volume of 77,446 Dth/d.
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Atlas Pipeline Partners Completes $190M Elk City Gas Gathering System Purchase
Dallas-based Energy Transfer Partners LP. (ETP) said Thursday that it closed on the sale of its Oklahoma gathering, treating and processing assets, referred to as the Elk City system, to Atlas Pipeline Partners LP. for $190 million (see Daily GPI, March 10). The proceeds will be used to repay debt incurred in its recent acquisition of the Houston Pipe Line system and related storage facilities (see Daily GPI, Jan. 28).
Lay Pleads Innocent to 11 Criminal Charges
Kenneth Lay, once the toast of Houston’s social community and referred to by President Bush as “Kenny Boy,” on Thursday pleaded innocent to 11 criminal charges in connection with his actions at the failed company that he founded, Enron Corp. Lay, 62, who faces charges that in total carry 175 years in prison if he is convicted, also was charged by the Securities and Exchange Commission (SEC).
Screen Rally, Short-Covering Nudge Cash Upward
In what some sources referred to as “winter’s last hurrah,” cashprices began the week on an up-note as they garnered momentum froma futures rally and continued covering of first-of-month shortpositions. Cash prices at most trading areas around the countrygained 1-3 cents from weekend levels.
TU’s Bid for Energy Group Cleared
Texas Utilities’ Offer for The Energy Group will not be referredto the United Kingdom’s Monopolies and Mergers Commission. TheEnergy Group noted the waiver and said it will advise shareholdersas soon as possible on what they should do regarding the offersfrom PacifiCorp and Texas Utilities.