Scrapped

Enterprise Products Partners and Quicksilver Gas Services have scrapped plans to take a stake in TransCanada Corp.’s proposed Pathfinder Pipeline, which would help transport Rockies gas to markets in the Midwest. The credit crunch and unrest in capital markets were blamed.

Enterprise Products Partners and Quicksilver Gas Services have scrapped plans to take a stake in TransCanada Corp.’s proposed Pathfinder Pipeline, which would help transport Rockies gas to markets in the Midwest. The credit crunch and unrest in capital markets were blamed.

Less than a week after House leaders scrapped expanded Outer Continental Shelf (OCS) development as part of the deficit-reduction package, two members of the House Resources Committee are expected to introduce stand-alone legislation by Tuesday that would eliminate the moratorium with respect to drilling for natural gas on the federal OCS.

The Public Utilities Commission of Ohio (PUCO) last Tuesday essentially scrapped the quarterly rate revision for the winter because of declining gas costs, ordering Columbia Gas of Ohio and Dominion East Ohio to file new rates for December by Nov. 24 to reflect the actual cost of natural gas for December and to file new rates for January seven days before the expiration of December rates.

The Public Utilities Commission of Ohio (PUCO) Tuesday essentially scrapped the quarterly rate revision for the winter because of declining gas costs, ordering Columbia Gas of Ohio and Dominion East Ohio to file new rates for December by Nov. 24 to reflect the actual cost of natural gas for December and new rates for January seven days before the expiration of December rates.

The Public Utilities Commission of Ohio (PUCO) Tuesday essentially scrapped the quarterly rate revision for the winter because of declining gas costs, ordering Columbia Gas of Ohio and Dominion East Ohio to file new rates for December by Nov. 24 to reflect the actual cost of natural gas for December and new rates for January seven days before the expiration of December rates.

Dynegy Inc. and Exelon Corp. have scrapped a $2.25 billion transaction under which Dynegy would have sold its Illinois Power subsidiary to Illinois-based Exelon. The announcement came after Illinois lawmakers failed to approve legislation needed to facilitate Exelon’s purchase of Illinois Power.

In what some predicted would be a “watershed” decision, FERClast week scrapped a proposal in which Viking Gas Transmissionsought authority to incrementally price existing transportationcapacity as it opened up on its system without filing a full-scalerate case. The Commission did not generically address the issue inthe order, leaving open the door to similar proposals by otherpipelines.

In what some predicted would be a “watershed” decision, FERClast week scrapped a proposal in which Viking Gas Transmissionsought authority to incrementally price existing transportationcapacity as it opened up on its system without filing a full-scalerate case. The Commission did not generically address the issue inthe order, leaving open the door for similar proposals by otherpipelines.