Replace

Pacific Gas & Electric did not extend a Stage 3 high-inventory OFO beyond Saturday.

Buoyed by its success in an aggressive drilling program thathelped to replace 329% of its 2000 natural gas production,Williams’ exploration and production unit now plans to drill morethan 300 wells this year — a record number in a single year forthe company — concentrating its talents in Wyoming’s Green RiverBasin and New Mexico’s San Juan Basin.

Commissioner William Massey will take over the reins at FERCwhen Chairman James J. Hoecker steps down this week after more thanseven years at the agency. His term will begin Jan. 19.

FERC Chairman James J. Hoecker announced last week during theCommission’s regular meeting that he will step down on Thursday(Jan. 18), ending his three-year-plus stint as chairman and morethan seven years on the panel. Before those words were evenuttered, the White House notified Commissioner William Massey thathe would take the baton from Hoecker beginning Jan. 19.

Columbia Gas Transmission has filed to replace its outmodedfive-day capacity bidding process with daily interactive bidding,including a daily sequence of postings, an interactive biddingperiod and after-hours market, and a shortened ROFR period(RP00-374)

Columbia Gas Transmission has filed to replace its outmodedfive-day capacity bidding process with daily interactive bidding,including a daily sequence of postings, an interactive biddingperiod and after-hours market, and a shortened ROFR period(RP00-374)

Texas Eastern will replace a main line valve at the discharge ofthe Angleton Compressor Station south of Houston today andThursday, causing the shut-in of the Reliant HL&P,Amoco-Spencer Highway and Big Three Industries meters. The projectpreviously had been scheduled to start Monday, June 5. Due tovolumes currently scheduled in the South Texas/East Texas Zones,the pipeline will not accept any due-pipe nominations or supplylength in TABS-1 pools during this work.

Cash quotes continued to rise Wednesday in both swing deals fortoday and in what little bit of bidweek business remained to bedone. However, doubt was growing about how much longer theunprecedented recent price strength can be maintained after futuresreacted negatively to a storage report for the first time in morethan a month.

Daniel Adamson, FERC director of the Office of Energy Projects,fired off a letter of rejection to Millennium Pipeline earlier thismonth, regarding an amendment application for a proposed routechange along the highly controversial power transmission right ofway in Westchester County, NY. He also told Millennium officials toconsider substituting a proposed extension of the Iroquois GasTransmission system for the Millennium project.