Merchant Gas Storage Proposal Eyes Fast Track

The prospect for more liquid energy markets with stepped-upintra-day deal-making is driving development of a second merchantunderground natural gas storage facility in northern Californiawith proximity to Pacific Gas and Electric’s backbone transmissionsystem (Line 401), according to the Sacramento-based manager ofWestern Hub Properties LLC.

September 21, 1998

More Pipeline Audits on the Way in May

FERC said it plans to begin audits of three additionalinterstate pipelines next month as part of its stepped-up effort tocrack down on abuses involving marketing affiliates. The on-siteaudits of Columbia Gas Transmission, Great Lakes Gas TransmissionL.P. and CNG Transmission are expected to get underway around May18, according to a spokeswoman.

April 29, 1998

Enron Stops California Dreamin’ for Residentials

Frustrated by the pace of electric competition’s development inCalifornia, Enron has stepped out of the battle for residentialcustomers, at least for the time being. Enron blamed severalfactors for its decision. Consumer response has been disappointing,and state regulations put a crimp on the profitability of thebusiness.

April 23, 1998

Market Thumbs Nose at NGC’s Capacity

No one stepped up to take either of the two 593,000 MMBtu/dpackages of El Paso Natural Gas transportation capacity NGC postedfor release over the past 10 days. One package was offered thoughthe end of April and the other through December 1999. Theycomprised 40% of the 1.3 Bcf/d NGC holds on El Paso and 80% of itsaccess to the San Juan Basin under the purchased contracts. NGC’sMike Flinn said market players missed a huge opportunity. One thatNGC isn’t likely to offer again.

April 13, 1998

Refund Pass-through Challenged; Hearings Sought

The producer refund case has taken a unique turn as severalpipelines have stepped up to argue that while natural gas producersmust pay them the $500 million in refunds – yesterday was thedeadline for payment – they don’t believe they have to pass thatmoney on to their customers.

March 10, 1998
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