FERC denied requests for rehearing and stay by numerous pipeline customers and approved stiffer creditworthiness standards for Natural Gas Pipeline Company of America (NGPL), including a plan to suspend service within five business days if a shipper falls behind in payments a second time within six months and another plan that would halve the time period to 15 days for suspending service when a shipper is delinquent in payments.
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FERC Grants NGPL’s Stiffer Credit Restrictions, Rejects Some Provisions
FERC denied requests for rehearing and stay by numerous pipeline customers and approved stiffer creditworthiness standards for Natural Gas Pipeline Company of America (NGPL), including a plan to suspend service within five business days if a shipper falls behind in payments a second time within six months and another plan that would halve the time period to 15 days for suspending service when a shipper is delinquent in payments.
Transportation Notes
Algonquin lifted Monday a long-running ban on accepting due-shipper imbalance make-up nominations, leaving no restrictions in place on its system.
FERC Eases Flow of Information Between Itself and Market Monitors
FERC last Wednesday issued an order lifting restrictions on the flow of communication between the federal agency and its market monitors spread out across the country. An unfettered, two-way stream of information between FERC and the market monitors is seen as a key element in the Commission’s overall efforts to stay on top of energy markets throughout the United States.
Transportation Notes
Affiliated pipelines Texas Eastern and Algonquin removed all remaining transportation restrictions Tuesday.
DOE: Atlantic Canadian Gas Has 87% Share of New England Market
As the fight over a demand for Canadians-first restrictions against exports of natural gas produced offshore Nova Scotia went to the final stage of oral hearings, a report in Washington highlighted the value of an open border to the industry. Canadian exporters cornered a record 87% of the gas market in New England during 2001, said a review of the trade by the U.S. Department of Energy (DOE).
DOE: Atlantic Canadian Gas Has 87% Share of New England Market
As the fight over a demand for Canadians-first restrictions against exports of natural gas produced offshore Nova Scotia went to the final stage of oral hearings, a report in Washington highlighted the value of an open border to the industry. Canadian exporters cornered a record 87% of the gas market in New England during 2001, said a review of the trade by the U.S. Department of Energy (DOE).
DOE: Atlantic Canadian Gas Has 87% Share of New England Market
As the fight over a demand for Canadians-first restrictions against exports of natural gas produced offshore Nova Scotia went to the final stage of oral hearings, a report in Washington highlighted the value of an open border to the industry. Canadian exporters cornered a record 87% of the gas market in New England during 2001, said a review of the trade by the U.S. Department of Energy (DOE).
Enbridge Sides with Producers Against Protectionism, Export Restrictions
The supply side of the Canadian natural gas industry added a key ally in its fight against proposals to restricting gas exports to the U.S. Northeast. Despite losing a pipeline project because of producer determination to dedicate Nova Scotia production to U.S. markets, Enbridge Inc. has come out on the side of producers in a battle against a new appeal from the New Brunswick government for intervention at the National Energy Board. The province is demanding rights to review and potentially block all natural gas export transactions.
Calpine Gets Contract for Florida Plant
Florida’s onerous restrictions on new power plant construction aren’t holding back Calpine Corp. The company announced it has signed a contract to supply power from a new 540 MW combined cycle plant to Tampa-based Seminole Electric Cooperative.