Specific

Projecting linepack falling beneath its minimum target levelsthrough Friday, Pacific Gas & Electric issued acustomer-specific OFO for today.

Pacific Gas & Electric expanded Friday’s customer-specific OFO(see Daily GPI, Oct. 20) into asystemwide Stage 2 high-inventory OFO Saturday with $1/Dth penaltiesfor positive daily imbalances exceeding a 5% tolerance.

Anticipating linepack that would exceed its upper-level target,Pacific Gas & Electric issued a customer-specific OFO fortoday.

Pacific Gas & Electric had a customer-specific OFO in effectSunday but did not extend it.

Finding Friday’s customer-specific OFO (see Daily GPI, Sept. 22) insufficient to keep itsprojected linepack from rising well above target levels over theweekend, Pacific Gas & Electric expanded it to a systemwide Stage3 high-linepack OFO for Saturday. The order carried $5/Dth penaltiesfor positive daily imbalances exceeding a 2% tolerance.

Pacific Gas & Electric, projecting above-target linepacktoday through Sunday, issued a customer-specific OFO effectivetoday until further notice.

Independent oil and gas operator Central Resources entered intotwo definitive sale agreements to sell specific oil and gasproperties and related facilities located in West Texas, themid-continent and Rockies areas, the four corners area and alongthe Texas, Louisiana and Mississippi Gulf Coast. Total proceedsfrom the sale are estimated at $70 million. Denver-based CentralResources CEO Paul Zecchi said the company will use the cashproceeds on “future acquisition and development opportunities”domestically as well as internationally. The sale transactions wereeffective on June 1, and are expected to be completed inmid-to-late September.

Pacific Gas & Electric had a customer-specific OFO in placeSunday but did not extend it.

Pacific Gas & Electric issued a customer-specificlow-inventory OFO that takes effect today.