The cash market managed to scrape together enough cooling demand to record gains at virtually all points Monday, even with the negative guidance of the previous Friday’s 9-cent decline by September futures. The return of industrial load from its weekend decline provided a little additional support.
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El Paso Conversion Plan ‘Whipsawed’ by Shipper Scrape over Capacity
The FERC-ordered plan to convert all transportation on El Paso Natural Gas to contract demand (CD) service by the end of the year “has to a large extent been whipsawed” by the fierce tug-of-war for capacity being waged between existing full-requirements (FR) customers and California CD customers, the pipeline told the Commission last week.
September 2, 2002
El Paso Conversion Plan ‘Whipsawed’ by Shipper Scrape over Capacity
The FERC-ordered plan to convert all transportation on El Paso Natural Gas to contract demand (CD) service by the end of the year “has to a large extent been whipsawed” by the fierce tug-of-war for capacity being waged between existing full-requirements (FR) customers and California CD customers, the pipeline told the Commission.
August 28, 2002
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