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In the story titled “El Paso Takes New Precautions in Preparation for Another Active Hurricane Season,” which ran in the April 13 edition of NGI’s Daily Gas Price Index, it was incorrectly reported that El Paso “was forced to sell off assets, issue debt and enter into new credit facilities to maintain liquidity while paying” for hurricane repairs. The hurricane costs were only one of the factors influencing liquidity. Other factors, including oil and gas derivative transactions put in place in prior years, also had an impact, creating the need to sell assets, issue debt and enter into new credit facilities.

It’s not about the regasification, at least not anymore. The U.S. market for liquefied natural gas (LNG) has enough receipt terminal capacity for now (see related story) and plenty planned for the future. Those whose business it is to worry about gas supply have turned their attention to U.S. market competitors and the potential for upstream problems that could disrupt supply.

In the story, “Report Recommends States Encourage Use of Long-Term Gas Contracts,” which appears in Tuesday’s Daily GPI, Donald L. Mason, chairman of the Gas Committee of the National Association of Regulatory Utility Commissioners, should have been identified as a commissioner with the Ohio Public Utilities Commission.

Despite a flat futures market Wednesday and a somewhat bearish winter weather forecast by the National Oceanic and Atmospheric Administration (see related story), cash prices were generally up 10-60 cents, aside from a few flat locations in the Northeast and Gulf Coast and a massive decline at Northwest South of Green River.

With a 555 kW natural gas cogeneration system as its central element, Chevron Energy Solutions Friday declared an energy efficiency success story at one of San Diego Community College District’s campuses, Miramar College, claiming 30% energy reductions and $200,000 annual fuel bill savings. The net cost of the energy services contract was $4.5 million after the college received a $555,000 rebate from the state.

While production is coming back online following Tropical Storm Cindy’s passing (see related story), concerns over her big brother, newly upgraded Hurricane Dennis, combined with bullish storage predictions helped keep natural gas futures elevated Wednesday.

One of the nation’s largest banks, Wachovia Corp., is offering a new twist on the “Big Bank Moves in on NatGas Market” story, teaming with a Tulsa, OK, E&P company, Resolute Holdings, parent of Resolute Natural Resources, to offer its customers, both producers and gas users, what they’ve asked for: some stability around their physical gas sales and purchases.

One of the nation’s largest banks, Wachovia Corp., is offering a new twist on the “Big Bank Moves in on NatGas Market” story, teaming with a Tulsa, OK, E&P company, Resolute Holdings, parent of Resolute Natural Resources, to offer its customers, both producers and gas users, what they’ve asked for: some stability around their physical gas sales and purchases.

For a utility that has spent millions of dollars and more than a decade to boost its environmental programs, Pacific Gas and Electric Co. now can tout its 33-story headquarters building in downtown San Francisco as another ecological resource of immense value since two nesting endangered peregrine falcons set up a permanent household atop the building and are nurturing their second group of eggs over the past 12 to 15 months. The scene has attracted widespread attention from local news media, academia and bird lovers in California.