CIG implemented a Strained Operating Condition (SOC) Wednesday that it expected to remain in effect “through the end of September, unless specifically terminated sooner.” Storage inventories are at or near reservoir guidelines, CIG said, and thus its “ability to absorb imbalances caused by mismatches between scheduled receipts and deliveries or those imbalances arising from variations in actual gas flow from scheduled quantities is extremely limited.” The limitation includes capacity to handle storage injections in excess of each customer’s Available Daily Injection Quantity or inventory levels above Maximum Available Capacity. During the effective period of the SOC capacity for interruptible storage injections will not be available, CIG said.
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Articles from Sooner
Colder Temperatures Than Expected Generate Price Rally
A rebound from last week’s swing price weakness came sooner thanmany traders expected, but it happened for precisely the reasonthey had anticipated. “When we finally get some cold weather,prices will start turning upward again” summarized the conventionalwisdom of a number of traders last week.
Williams Wins Right to Challenge El Paso Settlement
No sooner has El Paso Natural Gas resolved its dispute withSouthern California Edison over the 1996 capacity-turnbacksettlement than another potential threat has cropped up. Last weekthe D.C. Circuit Court of Appeals gave Williams Field ServicesGroup Inc. another bite at the apple to challenge the rates in thecontroversial settlement.
Williams Wins Right to Challenge El Paso Settlement
No sooner has El Paso Natural Gas resolved its dispute withSouthern California Edison over the 1996 capacity-turnbacksettlement than another potential threat has cropped up. Last weekthe D.C. Circuit Court of Appeals gave Williams Field ServicesGroup Inc. another bite at the apple to challenge the rates in thecontroversial settlement.
