Altra has finally thrown in the towel in the electronic natural gas trading arena. Overwhelming competition over the past few years from a number of different systems, some of which also have been forced out of the business, pressured Altra to announce it will shut down the Altrade system on March 31. All natural gas trades and transactions in the system will continue as scheduled until that date, the company told customers in a letter last week.
Shuts
Articles from Shuts
Interior Complies with TRO, Shuts Down Web Site
The Interior Department has shut down its web site in compliance with a temporary restraining order (TRO) issued by a federal judge in Washington, DC.
December 10, 2001
Enron Possible Takeover Target; Shuts London Broadband Office
Enron Corp.’s incredible stumble in the stock market and continued concerns by the investment community may offer some inroads for other energy companies that have long envied the world’s largest energy trader’s ability to capture and sustain its huge share of the marketplace. Some analysts are even speculating that Enron could possibly become a takeover target, an irony considering it has long been considered the model energy marketer that has set the gold standard for others to follow.
October 26, 2001
El Paso Blast Kills 10; Shuts Down South Mainline
Federal and company investigators Monday swarmed over the sceneof the devastating El Paso Natural Gas mainline explosion thaterupted near daybreak Saturday, engulfing a party of weekendcampers along the Pecos River near Carlsbad, NM, and killing 10people. Two other persons were hospitalized in critical condition.
July 9, 2001
El Paso Re-Opens One Line; Shuts Down Another
The Department of Transportation (DOT) on Friday gave El Paso Natural Gas the go-ahead to re-start on a restricted basis the South Mainline line that ruptured and caused the fatal explosion in New Mexico nearly a year ago (see Daily GPI, Aug. 22, 2000), interrupting some supplies to the southwestern and California gas markets for weeks and months afterward.
July 9, 2001
Destin Shuts In 600 MMcf/d
The offshore Destin Pipeline shut in about 600 MMcf/d of gasthat was flowing on its system Sunday but is expected to resumeflows sometime today pending repairs to a liquids pipelinedownstream of the Pascagoula gas processing plant.
March 6, 2001
Transportation Notes
El Paso will will allow neither injections nor withdrawals whenit shuts in the Washington Ranch storage facility April 19-25 formaintenance. Saying the project will severely limit its flexibilityin controlling linepack, El Paso asked in advance for customercooperation in “balancing very closely” scheduled receipts anddeliveries.
April 13, 1999
Screen Gives Cash a Lift; Westcoast Shuts In McMahon
Taking a cue from a last-day uptick in the Henry Hub futurescontract for February, late-January cash prices ranged from flat toup about a nickel Wednesday. February bidweek numbers were alsomoving a bit higher in several instances, sources said.
January 28, 1999
SCANA Shuts Down Wholesale, Focuses on Retail in Southeast
SCANA Corp. announced it is refocusing its marketing strategy onthe retail business in the Southeast and is shutting down itsHouston office and its wholesale gas marketing operation. Thecompany would not say how much natural gas its wholesale operationhandles on a daily basis.
January 25, 1999
SCANA Shuts Down Wholesale, Focuses on Retail in South
SCANA Corp. announced it is refocusing its marketing strategy onthe retail business in the Southeast and is shutting down itsHouston office and its wholesale gas marketing operation. Thecompany would not say how much natural gas its wholesale operationhandles on a daily basis.
January 25, 1999
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