Significant

Citing significant market area demand, Florida Gas Transmissionissued an Overage Alert Day notice, effective Tuesday until furthernotice, with a daily imbalance tolerance of 15%.

Due to significant demand in its market area, Florida GasTransmission issued an Overage Alert Day notice, effective Thursdayuntil further notice, with 8% tolerance for negative dailyimbalances.

The cash market was doing a skyrocket imitation Monday amidsignificant fundamental influences, along with a large dose ofsupport from both natural gas and oil futures. Only a fewRockies/Pacific Northwest and Western Canada points failed to riseby about 20 cents or more (MRT and ANR ML-7 were among theexceptions elsewhere).

Citing significant market-area demand, Florida Gas Transmissionissued an Overage Alert Day notice Tuesday with 6% tolerance fornegative daily imbalances. The notice will remain in effect untilfurther notice.

After a lengthy absence, resistance is redeveloping in Canadaagainst any lasting new commitments of significant natural-gassupplies to markets in the United States.

After a lengthy absence, resistance is redeveloping in Canada tolong-term commitments of significant Canadian gas supplies tomarkets in the United States.

Citing significant demand in its market area, Florida GasTransmission issued an Overage Alert Day notice Friday that was toremain in effect until further notice east of Station 12 innorth-central Florida. The notice had a 4% tolerance for negativedaily imbalances.

The U.S. Court of Appeals for the D.C. Circuit upheld the mostsignificant aspects of FERC Orders 888 and 889 in a ruling releasedon Friday. “Finding few defects in the orders, we uphold them innearly all respects,” the court stated in its decision(Transmission Access Policy Study Group, et al. v. FERC No.97-1715).

FERC last week conditionally approved a significant re-design ofthe New England bulk power market in an attempt to reduce the pricevolatility stemming from congestion of the region’s transmissionsystem. But it could be as long as two years before the regionalmarket feels the benefits of the changes.