Sept

Chevron Keystone Gas Storage LLC, a subsidiary of Chevron Corp., said Tuesday it is holding a nonbinding open season through Sept. 14 for 3 Bcf of capacity at its natural gas storage facility located near Kermit, TX.

FERC Wednesday approved Central New York Oil and Gas Co. LLC’s (CNYOG) request to place in service “on or before” Sept. 1 three of the four remaining storage wells and associated gathering facilities in Pennsylvania that were authorized as part of the Phase II expansion of the company’s Stagecoach Storage facility in southwestern New York State.

The Commodity Futures Trading Commission (CFTC) said Thursday it will hold a hearing on Sept. 18 at its headquarters in Washington, DC, to examine the oversight of energy trading on regulated exchanges and exempt commercial markets (ECMs).

Dominion Resources’ agreement to sell two natural gas utilities to Equitable Resources Inc. has been extended until at least Sept. 1 to allow time for a Federal Trade Commission (FTC) challenge to part of the deal to be sorted out, the companies said Thursday.

As many as seven storms — of an expected 13-14 named storms — could strike the U.S. coast during the 2007 Atlantic hurricane season, AccuWeather.com said last week. Three or more of the storms are likely to be Category 3 or greater on the Saffir/Simpson scale, the forecaster said.

As many as seven storms — of an expected 13-14 named storms — could strike the U.S. coast during the 2007 Atlantic hurricane season, AccuWeather.com said Tuesday. Three or more of the storms are likely to be Category 3 or greater on the Saffir/Simpson scale, the forecaster said Tuesday.

Between Sept. 1 and Dec. 29, there were 11.2% fewer heating degree days (HDD) than normal, and the first two weeks of the new year are expected to be 18% warmer-than-normal, lowering the odds for a “normal” cold winter and higher natural gas prices, Stephen Smith Energy Associates noted last week in a monthly forecast.

In the last four months of 2006, between Sept. 1 and Dec. 29, there were 11.2% fewer heating degree days (HDD) than normal, and the first two weeks of the new year are expected to be 18% warmer-than-normal, lowering the odds for a “normal” cold winter and higher natural gas prices, Stephen Smith Energy Associates noted in a monthly forecast.

Ex-Enron Corp. CFO Andrew Fastow, who was sentenced to six years in prison last month (see Daily GPI, Sept. 27), will be given a day pass through October to allow him to participate in a deposition to prepare for a trial against several of Enron’s former banking partners. Also on Friday, Dynegy Inc. agreed to pay Enron $44 million to resolve litigation issues, a bank settled with Enron for another $20 million, and Enron’s former corporate secretary received probation for helping prosecutors convict Enron founder Kenneth Lay and ex-CEO Jeffrey Skilling.