Requirements

To fulfill the terms of El Paso Corp.’s western energy settlement, the company on Tuesday priced an offering of 8.8 million shares of common stock at a public offering price of $8.35 per share — 50 cents higher than the company had announced last month (see Daily GPI, Dec. 24, 2003).

NiSource subsidiary Northern Indiana Public Service (NIPSCO) filed a motion for clarification of an order issued by Indiana regulators in September that will require the utility to refund gas customers $3.8 million and make significant modifications to its use and valuation of gas storage, and its hedging and gas volatility mitigation measures. However, the company decided late on Friday not to appeal the order, said NIPSCO spokesman Larry Graham.

NiSource subsidiary Northern Indiana Public Service (NIPSCO) has filed a motion for clarification of an order issued by Indiana regulators in September that will require the utility to refund gas customers $3.8 million and make significant modifications to its use and valuation of gas storage, and its hedging and gas volatility mitigation measures. It was the first time Indiana regulators had ordered a refund based on NIPSCO’s purchased gas adjustment (PGA) mechanism.

Prequalification credit-worthiness requirements for prospective replacement shippers in capacity release programs are “unworkable for many capacity release transactions, particularly short-term releases,” Reliant Energy Services said last week in rebutting a call by KeySpan Delivery Cos. for prequalification, including the posting of collateral by non-creditworthy shippers.

Prequalification credit-worthiness requirements for prospective replacement shippers in capacity release programs are “unworkable for many capacity release transactions, particularly short-term releases,” Reliant Energy Services said in rebutting a call by KeySpan Delivery Cos. for prequalification, including the posting of collateral by non-creditworthy shippers.

The third time was not a charm for full-requirements (FR) shippers on El Paso Natural Gas. After postponing the deadline twice in response to FR customers’ pleas, FERC last Wednesday said the systemwide conversion of FR service to contract demand (CD) service on El Paso will go forward as planned on Sept. 1.

The third time was not a charm for full-requirements (FR) shippers on El Paso Natural Gas. After postponing the deadline twice in response to FR customers’ pleas, the FERC on Wednesday said the systemwide conversion of FR service to contract demand (CD) service on El Paso will go ahead as planned on Sept. 1.

The Federal Energy Regulatory Commission last week voted out a rule updating its requirements for regulated companies to record and report liabilities and other costs associated with the retirement or decommissioning of plant assets.

A draft report on the pipeline infrastructure requirements for optimizing the flow of Rocky Mountain natural gas indicates that with strategic planning and significant pipe development, the region could reach its gas production potential of about 7.5 Bcf/d by 2005 and 10.9 Bcf/d by 2010.