Requires

Natural gas and electric companies that report prices to index developers are required to include information on trades at all points regardless of whether they are liquid or illiquid, said FERC Friday in an order clarifying its July policy statement on energy price indexes (see Daily GPI, July 24).

A final rule that requires closer FERC scrutiny of the cash-sharing programs of regulated subsidiaries and their unregulated parent companies “falls far short” of providing the needed “insulation” to justify separate credit ratings for Commission-regulated companies, a Standard & Poor’s analyst said.

A final rule that requires closer FERC scrutiny of the cash-sharing programs of regulated subsidiaries and their unregulated parent companies “falls far short” of providing the needed “insulation” to justify separate credit ratings for Commission-regulated companies, a Standard & Poor’s analyst said.

As is already required of hazardous liquid pipelines, the Department of Transportation’s Office of Pipeline Safety (OPS) has enacted revised safety standards that call on natural gas transmission and distribution pipelines to use the same level of protection against atmospheric corrosion despite the vintage of their pipe facilities.

FERC last week gave the green light for Transcontinental Gas Pipe Line to spin off its South Texas mainline and lateral facilities to an unaffiliated Texas intrastate pipeline, Enbridge Pipelines LP.

In what some shippers see as ironic given the sorry status of the pipeline’s own credit rating, PG&E Gas Transmission Northwest’s (GTN) existing collateral demands on credit-risky customers have raised skepticism from federal regulators and shippers alike in recent weeks. The proposed tougher-than-federally-required credit standards for the pipeline’s shippers have been put on hold by the Federal Energy Regulatory Commission, which wants to hold a technical conference on the issue.

In what some shippers see as ironic given the sorry status of the pipeline’s own credit rating, PG&E Gas Transmission Northwest’s (GTN) existing collateral demands on credit-risky customers have raised skepticism from federal regulators and shippers alike in recent weeks. The proposed tougher-than-federally-required credit standards for the pipeline’s shippers have been put on hold by the Federal Energy Regulatory Commission, which wants to hold a technical conference on the issue.

The New Jersey Board of Public Utilities announced last weekthat it would require interruptible natural gas customers tomaintain a seven-day supply of alternative fuels on site, orthrough a firm contractual arrangement. The action will help tomake energy prices in New Jersey a little less volatile going intothe heating season, the BPU said.

The New Jersey Board of Public Utilities announced yesterdaythat it would require interruptible natural gas customers tomaintain a seven-day supply of their alternative fuel source onsite, or through a firm contractual arrangement. The action willhelp to make energy prices in New Jersey a little less volatilegoing into the heating season.