Sponsors

Pennsylvania Rep. Frank Tulli, one of the sponsors of a statenatural gas deregulation bill that stalled last year, said thelegislation once again is on the fast track now that Gov. Tom Ridgehas proposed eliminating the 5% gross receipts tax levied on thestate’s residential gas users.

Pennsylvania Rep. Frank Tulli, one of the sponsors of a statenatural gas deregulation bill that stalled last year, said thelegislation once again is on the fast track now that Gov. Tom Ridgehas proposed eliminating the 5% gross receipts tax levied on thestate’s residential gas users.

Columbia Gas Transmission Corp., a partner in MillenniumPipeline, has joined the growing ranks of pipeline sponsors thatare asking FERC to issue preliminary determinations (PDs) posthaste so that they can finalize shipper commitments and meet theirprojected in-service dates.

With all regulatory approvals in place at both Federal andProvincial levels, sponsors of the Sable Island Offshore EnergyProject last week signed both their key commercial agreements andthe Facilities Alliance Agreement to engineer, construct andinstall production and gathering facilities to handle delivery of 3.5 Tcf of gas from offshore Nova Scotia. This formally commits theowners to the $2 billion first phase, which will deliver the firstgas in late 1999.