Stabilized

Dynegy Inc.’s share price continued to show small gains on Friday, following an upbeat speech a day earlier by CEO Bruce Williamson, in which he told analysts that the company has shifted its focus from “stabilizing the company to running the company strategically.”

Dynegy Inc.’s share price continued to show small gains on Friday, following an upbeat speech a day earlier by CEO Bruce Williamson, in which he told analysts that the company has shifted its focus from “stabilizing the company to running the company strategically.”

Saying linepack had stabilized, El Paso canceled Friday an Overpull Penalty Alert that had been issued Wednesday morning. While the OFO was still in place, El Paso postponed repairs on the Dilkon Station’s B turbine until next week. The pipeline had expected to begin the work, which will cause a 30 MMcf/d reduction of North Mainline capacity, last Wednesday.

Natural gas futures prices stabilized late Wednesday after sinking to a new two-day low following the AGA announcement that 22 Bcf had been withdrawn from underground storage last week. The January contract settled at $2.719, down 8.4 cents for the session but well above its late-session low of $2.63. Estimated volume was light, as just 67,503 contracts changed hands.

Saying linepack had stabilized, El Paso canceled an Unauthorized Overpull Penalty alert late Wednesday afternoon. The OFO had been initiated Monday.

Florida Gas Transmission did not extend Tuesday’s Overage Alert Day notice into the Fourth of July holiday.

Saying linepack had stabilized, El Paso canceled an Unauthorized Overpull Penalty alert late Tuesday afternoon.

Saying linepack had stabilized, El Paso canceled an Unauthorized Overpull Penalty alert Wednesday, one day after it had gone into effect. The pipeline also said it will take Line 1100 between the Eunice and Pecos River stations down for repairs June 26. Six interconnects will be unable to deliver into El Paso that day, and the total flow of gas through Eunice Station to the South Mainline will be limited to 245 MMcf/d. Plants upstream of Eunice and in the Monument area will compete for space with San Juan and Anadarko gas moving south from Plains Station.

El Paso canceled an Unauthorized Overpull Penalty situation Tuesdayafter linepack was stabilized. The OFO had been declared Sunday (seeDaily GPI, Jan. 30).