It should come as no surprise to anyone following the gasindustry that a recent survey of companies found the gas world tobe of “two minds” when it comes to supply-demand issues.
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Alliance: Lack of Takeaway Capacity Not a Problem
Some speculated Alliance Pipeline might be hurt by FERC’s movenot to issue preliminary determinations (PDs) to the four projectsthat would provide takeaway capacity for Canadian gas from Chicagoto East Coast markets. But Alliance officials last week quicklydismissed that notion.
Consumers Energy, FERC Agree on No-Fault
In a case that points up the marketplace failure of FERC’scapacity release rules, Consumers Energy and the Commission’senforcement section have come to a no-fault agreement over chargesConsumers collected payments in excess of maximum lawful rates forupstream pipeline capacity released to shippers.
Pipes Should Drop SFV; Volumetric Rates
If pipelines want the freedom to negotiate competitive deals,they must first get rid of the “most notorious symbol of marketpower” – the straight-fixed variable rate design (SFV) – and offervolumetric rates, Dynegy Marketing and Trade told FERC last week.
CERI: Gas Poised for Long-Term Growth
Gas markets should see sustained growth from now until 2015,according to a study just completed by the Canadian Energy ResearchInstitute (CERI). Demand is projected to grow in all markets withthe highest growth rates coming from use of gas for powergeneration.
Consultants ‘Surprised’ At Static Gas Reserves
Inadequate reserve replacement last year should set off an alarmin the gas industry given continuing increases in gas demand,according to a new report by Arthur Andersen and John S. HeroldInc. Proved domestic gas reserves were essentially unchanged in1997 despite a 24% increase in extensions and discoveries to 10.1Tcf, the highest level of drillbit gas reserve additions in thefive-year study period, according to the study titled U.S. UpstreamPerformance Trends. The study noted, however, that negative reserverevisions of 1 Tcf, including a 623 Bcf downward revision by EEXCorp. and smaller downward revisions by Amoco, Mobil and PioneerNatural Resources, are included in the figures.
House Legislative Option to Heat Up Restructuring Debate
The congressional debate over electricity restructuring so farhas focused on whether its should be done as comprehensivelegislation or as piecemeal reform of the Public Utility HoldingCompany Act (PUHCA), but a third option may be tossed into the fraysoon.