Mississippi River Transmission (MRT) may have jumped the gun abit when it proposed to hold auctions as part of a new method ofawarding capacity to shippers on its pipeline system. But thecompany said it shouldn’t be punished for coming up with the ideaprior to the release of FERC’s Notice of Proposed Rulemaking(NOPR), in which short-term capacity auctions are a major issue.
Articles from River
Southern California Gas announced yesterday it plans to auctionits options to buy the Southern California portions of the KernRiver and Mojave Pipeline systems. The options give SoCalGas theright to purchase the California portions of the two lines, theutility’s only gas transportation competitors in the region, in2012.
Amoco Corp. and Snyder Oil Corp. traded interests in Wyomingproperties to help each company focus its gas operations in theGreen River Basin. Amoco acquired Snyder’s interest in asubstantial portion of the Jonah field in Sublette and Sweetwatercounties. In exchange, Amoco gave Snyder 75% of its interest in theBeaver Creek Unit in Fremont County, WY. Amoco retained 25%interest in Beaver Creek. The deal involved property only.