ANR Pipeline signed agreements with Wisconsin Public ServiceCorp. (WPSC) that will result in the extension to 2010 of firmnatural gas transportation and storage service agreements that werescheduled to expire over the next three years. “These contractextensions reinforce the strong relationship that Wisconsin PublicService and ANR have shared for many years,” said Jeffrey A.Connelly, president and CEO of ANR and senior vice president,natural gas, of parent Coastal Corp. “Wisconsin Public Service isconfident these contracts will continue to provide our customerswith reliable natural gas service at competitive rates into thenext millennium,” said Patrick D. Schrickel, president and chiefoperating officer of Wisconsin Public Service Corporation. Theagreements are subject to regulatory approvals. WPSC is acombination gas and electric utility serving about 225,000 gascustomers and 380,000 electric customers in an 11,000-square-mileservice territory in Wisconsin and upper Michigan.
Result
Articles from Result
EPA Brings Lawsuits Against 32 Coal-Fired Utility Plants
As a result of one of the most extensive environmentalinvestigations ever, federal authorities last week filed a stringof lawsuits and other actions against 32 coal-fired utility plantsin the South and Midwest for allegedly failing to installpollution-control equipment when major facility upgrades were made.These actions, they said, contributed significantly to the higherlevels of nitrogen oxide (NOx), sulfur dioxide (SOx) andparticulate matter emissions over the years.
Transwestern Says Project Satisfies New Policy
Transwestern Pipeline Co. said its proposed Gallup expansionsatisfies all the requirements of the new policy statement forcertificating pipeline projects and as a result should be”expeditiously” approved by FERC.
GRI Technology Fuels Gas Reburns in Coal Boilers
Baltimore Gas & Electric expects to see a 65% reduction innitrogen oxide (NOx) emissions this summer as a result of a new gasreburn system installed on two of its coal-fired electricgeneration boilers and the Gas Research Institute is taking credit.
Coal’s Share of Generation to Dwindle, WEFA Says
Tougher environmental regulations could result in the shutdownof about 30% of the existing U.S. coal-fired generation capacityover the next decade, opening the potential for the gas industry tocapture an additional 10 Bcf/d of natural gas demand , says a keyexecutive with WEFA Inc.
Analysts: El Paso-Southern No Deal So Far
It’s been all talk but no action and as a result industryanalysts are starting to back away from rampant rumors of apotential merger between Southern Co. and El Paso Energy.
Analysts: El Paso-Southern Merger Dead for Now
It’s been all talk but no action and as a result industryanalysts are starting to back away from rampant rumors of apotential merger between Southern Co. and El Paso Energy.
Mitchell Finishes Job Cuts, Cuts Budget
Mitchell Energy & Development Corp. completed its previouslyannounced work force reduction and set its capital budget. As aresult of the company-wide downsizing and restructuring effort, 235positions have been eliminated, a 21% reduction in totalemployment. With these changes, the company expects annual salaryand benefits costs savings of about $17 million.
Increased Activity Yields Same Result as Futures Slip Again
After being limited to a moribund 2.5-cent range Wednesday, theMarch futures contract snapped back to life yesterday as bulls andbears took turns exerting their influence on the market, which ledto a 7.5-cent trading range. Thursday’s 3-cent setback andsubsequent $1.746 settle would be considered an almost non-eventamid typical winter volatility, but the move was a welcome changeto traders who have grown weary of the slight moves and tighttrading ranges over the past month. Those traders reactedaccordingly, burgeoning estimated volume to 86,227.
NOI Could Result in More Dynegy-El Paso-Like Contracts
Allowing interstate gas pipelines to sell long-term turnbackcapacity at market-based rates, without first requiring a showingof a competitive market or mitigation measures, could trigger morealleged “anticompetitive” contract arrangements between pipes andmarketers – similar to the one between Dynegy Marketing and Tradeand El Paso Natural Gas, warned California regulators.
