Requires

In a market environment where the only certainty is that there is none, natural gas wholesale buying requires a philosophy that is constantly reviewed and reiterated to organizational leaders, said Val Trinkley, general manager of EnergyUSA, speaking at GasMart 2008 in Chicago Thursday. The energy marketer with NiSource conducted a workshop on “Natural Gas Risk Management — Developing a Strategy.”

In a market environment where the only certainty is that there is none, natural gas wholesale buying requires a philosophy that is constantly reviewed and reiterated to organizational leaders, said Val Trinkley, general manager of EnergyUSA, speaking at GasMart 2008 in Chicago Thursday. The energy marketer with NiSource conducted a workshop on “Natural Gas Risk Management — Developing a Strategy.”

Creating value in the supplier/marketer relationship requires knowledge of both the market and potential counterparties, a pair of consultants said during a panel discussion moderated by New York Mercantile Exchange’s (Nymex) Joe Raia, senior vice president of marketing, at GasMart 2008 in Chicago last week.

Creating value in the supplier/marketer relationship requires knowledge of both the market and potential counterparties, a pair of consultants said during a panel discussion moderated by New York Mercantile Exchange’s (Nymex) Joe Raia, senior vice president of marketing, at GasMart 2008 in Chicago Wednesday.

Due to limited operational flexibility and in order to maintain linepack, Tennessee issued a systemwide Balancing Alert OFO Thursday. The OFO requires that all shippers under LMSMA, LMSPL and LMSPA contracts (including SA contracts acting as balancing parties) maintain an actual daily flow rate not exceeding 2% or 500 Dth, whichever is greater, of scheduled quantities. Penalties are $15/Dth plus the applicable Regional Daily Spot Price for underdeliveries by receipt point operators and overtakes by delivery point operators that exceed this tolerance. As a result of Tennessee’s OFO, East Tennessee Natural Gas issued its own Balancing Alert OFO; see the bulletin board for details.

A state district court judge in Billings, MT, upheld state water quality standards that had been challenged by coalbed methane (CBM) producers. Conservation groups claimed “a major legal victory” while at least one producer said it was in compliance and no changes to operations would be necessary.

The U.S. District Court for the Southern District of New York has approved a settlement agreement between 15 states, consumer groups, environmental groups and the Department of Energy (DOE) that requires DOE to raise the energy efficiency standards on about 20 common domestic appliances and some industrial equipment. According to DOE’s estimates, the new standards covered by the agreement will reduce energy use by as much as 35 quadrillion Btus over a 30-year period.

FERC staff reported last Wednesday 100% compliance with a final rule that requires regulated natural gas and oil pipelines and public utilities who participate in intra-corporate pool arrangements with their unregulated parents and affiliates to submit written agreements to the agency for agreement.

FERC staff reported Wednesday 100% compliance with a final rule that requires regulated natural gas and oil pipelines and public utilities who participate in intra-corporate pool arrangements with their unregulated parents and affiliates to submit written agreements to the agency for agreement.