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Florida Gas Transmission lifted an Overage Alert Day notice Saturday, then reinstated it for Sunday and Monday at 25% tolerance for negative daily imbalances.

Florida Gas Transmission lifted Saturday an Overage Alert Day notice that had been in effect for a week, then reinstated the notice Tuesday at 25% tolerance for negative daily imbalances.

Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO with 1% tolerance for positive imbalances Sunday, then lifted it Monday.

Giving back almost all of the 18.7 cents it had gained on Wednesday, the May futures contract Thursday afternoon retreated 16.8 cents to close at $5.765. The decline ended a hectic day that saw the prompt month challenge the $6 mark, notching a high of $5.99. However, it appeared overhead selling prevented the market from breaking above the psychological $6 level, sending prices lower.

Sen. Jeff Bingaman (D-NM) in a letter to the White House Wednesday outlined “13 specific steps” that President Bush could take using his existing authority to cut high-flying prices for natural gas and gasoline.

Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Sunday with 3% tolerance for positive daily imbalances, then discontinued it Monday. SoCalGas did not extend its declaration of a high-linepack OFO beyond Saturday.

The Public Utilities Commission of Ohio (PUCO) said Thursday that it modified and then adopted a stipulation and recommendation from Columbia Gas of Ohio and a collaborative group of parties that relates to Columbia’s rate, natural gas choice program, gas cost recovery, and long-term forecast report, among other things.

Northern Natural Gas kept a System Overrun Limitation in place Saturday and Sunday, then lifted it Monday. NNG said early Monday afternoon that a mechanical problem caused a force majeure situation at the Chatfield (MN) Compressor Station. Based on weather forecasts, there was potential for some level of curtailment on the LaCrosse/Tomah branchline as a result, NNG said. Preliminary indications are that the force majeure could last for up to a week, it added. See the bulletin board for a list of affected points on the LaCrosse/Tomah branchline.

MRT implemented a System Protection Warning Friday, then lifted it Saturday.