Resulting

A reduction in generating resources, resulting from potential risk factors such as an aging number of power plants, environmental regulations, as well as financial uncertainty in the market, could bring about deficit electricity conditions in certain areas of New England within the next two to four years, ISO New England (ISO-NE) said on Thursday.

Shareholders have approved Devon Energy’s $5.3 billion purchase of Ocean Energy, which makes Devon one of the largest North American independent producers of oil and gas with an enterprise value of more than $20 billion and 2.2 billion boe of proved reserves.

“Due to anticipated milder temperatures and reduced operational flexibility resulting from the Bear Creek storage field test,” Tennessee said an OFO Action Alert will take effect Friday until further notice for all LMS-MA, LMS-PA and LMS-SA balancing parties and delivery (from Tennessee) for LMS-PL shippers with meters located in Zones 0, L and 1. If the Action Alert proves insufficient to maintain system integrity, the pipeline said, an OFO Balancing Alert may become necessary.

Skyrocketing natural gas prices and the resulting energy crisis demand immediate legislative action, according to the Industrial Energy Consumers of America (IECA), a non-profit association of major industrial firms with at least 31 supporting members including Alcoa, Bayer, Dow Chemical, the Steel Manufacturers Association and others.

Skyrocketing natural gas prices and the resulting energy crisis demand immediate legislative action, according to the Industrial Energy Consumers of America (IECA), a non-profit association of major industrial firms with at least 31 supporting members including Alcoa, Bayer, Dow Chemical, the Steel Manufacturers Association and others.

As of Thursday afternoon Matagorda Offshore Pipeline System had not announced any shut-ins resulting from its pigging operation this week (see Daily GPI, Dec. 10). However, it has scheduled similar pig runs from the Mustang Island 758 platform to the onshore Tivoli (TX) Station for Jan. 6-10 and Jan. 21-24, and in each case advised shippers that shut-ins will be needed if liquids volumes are too great to be handled at Tivoli.

Due to a scheduled pig run late last week resulting in “very high liquid levels” on the Matagorda Offshore Pipeline System, scheduled volumes from MOPS into interconnects with Florida Gas Transmission, Gulf South and Tejas Gas Pipeline remained at zero Monday until further notice (see Daily GPI, Nov. 11).

FERC Administrative Law Judge Curtis L. Wagner asked parties involved in a settlement conference, which resulting from this week’s FERC order extending its power market mitigation program, to provide information to his office on a number of subjects, including a list of forward contracts, as early as today. Daily GPI June 19

TransCanada PipeLines is predicting earnings growth of between7% and 10% in 2001 based on stable revenue resulting from a newmainline transmission settlement, the performance of its powerbusiness, and projected cost savings from numerous divestitures,including a cut back in gas marketing.