The simmering pot of market concerns regarding the market power of EnronOnline finally boiled over in public at last week’s LDC Forum near Chicago.
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EnronOnline Market Power Under Fire
The simmering pot of market concerns regarding the market powerof EnronOnline finally boiled over in public yesterday at Chicago’sLDC Forum. A representative from EnronOnline had to fend off verbalattacks from competitors and from the audience, who criticized thesystem as giving Enron the ability to manipulate prices and provideit with an unfair advantage over competitors.
FTC Takes Closer Look at El Paso-Coastal
The Federal Trade Commission (FTC) has asked El Paso Energy andthe Coastal Corp. to pony up with more information regarding theirproposed merger. The companies confirmed the request but wouldn’tsay what the FTC is seeking. The commission would not comment,saying the case is ongoing.
Ban on IT Gas Contracts Sought in New Jersey
New Jersey regulators were asked last week to re-evaluate thepolicy of gas utilities regarding interruptible contracts, withsome critics calling for a state-wide ban on IT service to providesome relief from the spikes in heating-oil prices witnessed thiswinter.
BP Amoco Touts 4Q Results
BP Amoco released what it called strong fourth quarter 1999results, and CEO John Browne had favorable remarks regarding futurenatural gas prices.
BP Amoco Touts 4Q Results
BP Amoco released what it called strong fourth quarter 1999results, and CEO John Browne had favorable remarks regarding futurenatural gas prices.
Supreme Court to Hear Drilling Ban Appeal
The U.S. Supreme Court agreed last Monday to hear appeals byUSX-Marathon and Mobil regarding the drilling ban on leasesoffshore North Carolina. The two producers want to be refunded the$156 million they spent in 1981 on leases that became subject to adrilling ban in 1990 when Congress adopted the Outer BanksProtection Act.
Transportation Notes
CIG said Friday an OFO begun Nov. 11 (see Daily GPI, Nov. 11) and regarding FT imbalances andand limitations on storage injections would remain in effect throughthe weekend. Based on the latest weather forecasts, CIG anticipatesbeing able to lift the OFO Tuesday. A new bulletin board posting todaywill update the OFO status.
Supreme Court to Hear Drilling Ban Appeal
The U.S. Supreme Court agreed Monday to hear appeals byUSX-Marathon and Mobil regarding the drilling ban on leasesoffshore North Carolina. The two producers spent $156 million in1981 on leases that became subject to a drilling ban in 1990 whenCongress adopted the Outer Banks Protection Act.
Parties Settle OFO, Balancing on PG&E
As the first of a two-part move toward an all-party settlementregarding California’s future natural gas restructuring, PacificGas and Electric is expected this week to file with stateregulators a proposed settlement for the tighter management ofsystem imbalances – both their frequency and cost. A proposal,including provisions for using individual operational flow orders(OFOs), will be sent to the California Public Utilities Commissionfor approval Oct. 20, according to sources close to thenegotiations last week.