South Jersey Gas (SJG) posted a gas sendout record over the Jan. 29-30 weekend because of teeth-chattering cold temperatures averaging 17 degrees and blizzard conditions. Most folks in New Jersey apparently stayed home for the weekend and cranked up their heat. The utility company set a record for a three-day sendout at 1,197,580 decatherms of gas, which broke the prior record of 1,159,578 decatherms set Jan. 23-25 last winter. “Despite consistently cold weather, our portfolio of gas supplies was more than sufficient to meet our customers’ needs,” said Ed Graham, president of SJG. “We employ a prudent natural gas supply strategy which allows us to handle extreme winter temperatures like those recently affecting our region.” SJG has invested $380 million during the last eight years to improve its delivery system and infrastructure and because of growing demand on its system. The company serves 311,000 residential, commercial and industrial customers in seven New Jersey counties.
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Blizzard, Severe Cold Test South Jersey Gas’ Delivery System
South Jersey Gas (SJG) posted a gas sendout record over the weekend because of teeth-chattering temperatures averaging 17 degrees and blizzard conditions. Most folks in New Jersey apparently stayed home for the weekend and cranked up their heat.
FERC Santa Hands Out Certificates, Industry-Friendly Orders
While Wall Street was kicking the natural gas and electric sector in the teeth, the Federal Energy Regulatory Commission played Santa Claus last week and gave most of the regulated energy companies — with the exception of El Paso Corp. — exactly what they wanted for Christmas.
AES Sinks its Teeth into Midwest Power Market, Buys IPALCO
AES Corp. has set the table to take another big bite of theMidwest power generation market after agreeing to buy IPALCOEnterprises Inc. of Indiana for $3.04 billion in stock and assumeddebt. The Arlington, VA, power plant developer, which expects toclose the sale early in 2001, plans to build additional facilitiesin IPALCO’s Indiana territory and eventually begin sellingelectricity in the growing Chicago marketplace.
