Sunday

Northern Natural Gas had a System Overrun Limitation notice in effect Saturday and Sunday but lifted it Monday.

The currency devaluation instituted last Sunday in Argentina is expected to impact both the sales and costs of Dallas-based Pioneer Natural Resources Co., which has 17% of its oil and gas reserves in the South American country. The company expects it will likely recognize non-cash charges to reflect the impact of the peso devaluation, but it is too early to assess what those charges may be.

Argentina’s economic “restoration plans” that include a devaluation of the currency announced last Sunday will impact a number of companies with operations in South America, including Sempra Energy, Duke Energy and other private-sector investors in utility and energy projects in South America’s third largest economy. San Diego-based Sempra with 43% stakes in two Argentine natural gas utilities Monday said it was closely monitoring the situation and assessing to see if the potential impact on future earnings would be enough to warrant a formal announcement.

Cuba Wadlington Jr., president and CEO of Williams’ gas pipeline division and executive vice president of Williams, died Sunday in Tulsa of complications related to cancer. He was 58. From 1995-99, Wadlington served as senior vice president and general manager of Williams’ Transco natural gas pipeline system. From 1988 to 1995, he served as senior vice president and general manager of Williams Western Pipeline Co, executive vice president of Kern River Gas Transmission Co. and director of Northwest Pipeline Corp. and Williams Western Pipeline, all affiliates or subsidiaries of Tulsa-based Williams.

Following Enron Corp.’s inevitable Chapter 11 bankruptcy filing on Sunday, reports of exposure to possible losses due to the energy giant’s failure continue to come in from companies and financial institutions around the world, reflecting the broad reach both of the company’s business and its stock.

Transco said maintenance is scheduled for the Mobile Bay Gas Processing Plant from Sunday through Tuesday. The overall Btu content of gas on Transco’s system downstream of the plant may increase temporarily during this period.

Florida Gas Transmission ended an Overage Alert Day notice Saturday after it had been in effect since the previous Sunday (Aug. 26), but said yesterday a new OFO could become necessary as early as today.

Florida Gas Transmission extended an Overage Alert Day notice that had been issued Sunday through at least Monday’s gas day, but loosened the tolerance for negative daily imbalances from 10% to 15%.

Pacific Gas & Electric kept a Stage 3 high-inventory OFO declared for Saturday in place through Sunday, cutting the imbalance tolerance from 1% to zero. No OFO was in effect Monday or today.