Reinstating

Reinstating requirements applicable to commodity pool operators (CPO) to apply to certain mutual fund operators, which were excluded in amendments passed in 2003, would level the playing field for investors with respect to pooled vehicles that utilize the same instruments to meet their investment objectives, CPO Steben & Co. of Rockville, MD said in comments filed at the Commodity Futures Trading Commission (CFTC) Monday.

Only a day after ending a three-day systemwide Stage 2 high-inventory OFO Tuesday, Pacific Gas & Electric is reinstating it Wednesday on its California Gas Transmission system. As on Sunday and Monday of the previous OFO, the new one will have $1/Dth penalties for exceeding a 5% tolerance for positive daily imbalances.

Pacific Gas & Electric allowed Saturday’s high-inventory OFO to lapse Sunday before reinstating it for Monday’s gas day. The OFO was to be lifted again Tuesday.

Power producers in the Empire State are preparing to make a full-court press after this November’s elections to get New York State lawmakers to reinstate a power plant siting law that expired at the end of 2002, the CEO of the Independent Power Producers of New York (IPPNY) told NGI.

The Federal Energy Regulatory Commission last week proposedreinstating its authority to make well determinations so thatqualified producers can obtain Section 29 tax credits for high-costgas wells that were drilled prior to 1993.

The Federal Energy Regulatory Commission yesterday proposedreinstating its authority to make well determinations so thatqualified producers can obtain Section 29 tax credits for high-costgas wells that were drilled prior to 1993.

Tennessee is reinstating service constraints downstream ofStation 325 (Libertyville, NJ) in Zones 5 and 6 (see Daily GPI,Dec. 21) effective today.