With working gas in storage expected to hit a record end-of-season low, gas demand slated for solid growth this year and production projected to rise by only a slim margin, the Energy Information Administration (EIA) in its short-term energy outlook for March predicts that the annual average price for wellhead natural gas will hit a record high in 2003.
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EIA: Low Storage/Production, Escalating Demand Spell Record Annual Prices in 2003
With working gas in storage expected to hit a record end-of-season low, gas demand slated for solid growth this year and production projected to rise only marginally, the Energy Information Administration (EIA) in its short-term energy outlook for March predicts that the annual average price for wellhead natural gas will be a record high in 2003.
Next FERC Meeting Slated for Sept. 26
FERC does not plan to re-schedule the regular bi-monthly meeting that was canceled last week in the wake of the terrorist attacks in New York City and Washington, D.C., said a spokeswoman for the agency. Instead, its next meeting will be Sept. 26.
Next FERC Meeting Slated for Sept. 26
FERC does not plan to re-schedule the regular bi-monthly meeting that was canceled this week in the wake of the terrorist attacks in New York City and Washington, D.C., said a spokeswoman for the agency. Instead, its next meeting will be Sept. 26.
Iroquois Eastchester Extension Powers Up NYC
Iroquois Gas Transmission System LP’s Eastchester ExtensionProject became fully subscribed last week and is slated to bring230 MDth/d to power electric generation to serve residential,industrial and commercial customers in New York City – now servedby Consolidated Edison Energy Inc., KeySpan Ravenswood Inc., OrionPower Holdings Inc., Mirant New York Management Inc. and VirginiaPower Energy Marketing Inc.
Review Slated for Northern Volumetric Rates
Northern Natural’s innovative volumetric rate proposal, whichcould provide customers with a method of better managing weatherrisk, is headed to a technical conference and further FERC andindustry scrutiny.
Technical Conference Slated to Probe Koch PAL Deals
FERC has accepted and suspended subject to refund fournegotiated parking and lending (PAL) agreements between KochGateway Pipeline and its marketing affiliate, Koch Energy Trading.In addition, the Commission has scheduled a technical conference onthe matter to explore what it called “serious concerns” raised byprotesters about Koch’s dealings with its affiliate and use of itsnegotiated rate privileges. The Commission in August 1996 grantedKoch’s negotiated rate authority.
CA Gas Consumer Protection Law Key to Future Unbundling
California regulators this week (Dec. 16) are slated to take acritical step in eventually opening the natural gas industry tomore competition when they decide whether to follow staffrecommendations and push for a natural gas consumer protection lawwhen the state legislature reconvenes next month. Staff at theCalifornia Public Utilities Commission are asking the five-memberregulatory body to adopt a proposed consumer protection bill thatwas outlined last August as part of a report to the statelegislature, which has openly expressed concerns about unbundlingnatural gas to the same degree as the state’s electric industrybecause of customer and public safety issues related to thedistribution and use of gas.
CA Gas Consumer Law Key to Unbundling
California regulators this week are slated to take a criticalstep in eventually opening the natural gas industry to morecompetition when they decide whether to follow staffrecommendations and push for a natural gas consumer protection lawwhen the state legislature reconvenes next month. Staff at theCalifornia Public Utilities Commission are asking the five-memberregulatory body to adopt a proposed consumer protection bill. Thisis in response to the state legislature, which has openly expressedconcerns about unbundling natural gas to the same degree as thestate’s electric industry because of customer and public safetyissues related to the distribution and use of gas.
Half-Day Conference Slated for Independence, MarketLink
FERC announced yesterday it wants to hold a half-day publicconference Sept. 29 to address the “steady flow” of Congressionalinquiries into the Independence and MarketLink pipeline projects.The conference will be used to gather “supplemental information” onthe projects, but the Commission said it does not intend to reopenthe record on them.