CIG said it “is beginning to see some progress in achieving balance in its storage fields,” but the Ft. Morgan and Latigo facilities “continue to operate above the storage guidelines.” Therefore the previously announced Strained Operating Condition, OFO and Underperformance Caps will remain in place until further notice, CIG said, adding that it will update its assessment of operating conditions for the upcoming weekend no later than 2 p.m. MDT Thursday.
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House Panel to Review Approach to Gas Pipe Inspections
A House subcommittee will hold a hearing Wednesday to respond to requests for the federal government to change its law requiring natural gas pipelines to reinspect their systems every seven years.
MMS Follows Precedent, Reverses Chevron Arms-Length Ruling
The Minerals Management Service (MMS) recently determined that natural gas sales transactions between Chevron Corp. and Dynegy Inc. were “arm’s-length” and therefore not subject to collection of additional royalties as if they were “nonarm’s-length,” as the MMS had previously maintained.
MMS Cites Previous Ruling Reversal in Chevron ‘Arm’s-Length’ Decision
The Minerals Management Service (MMS) recently determined that natural gas sales transactions between Chevron Corp. and Dynegy Inc. were “arm’s-length” and therefore not subject to collection of additional royalties as if they were “nonarm’s-length,” as the MMS had previously maintained.
FERC Draws Line in the Sand Over Market-Based Rate Filing Compliance
FERC last Wednesday announced procedures to bring more than 200 companies into compliance with Commission regulations or have them risk losing their market-based rate authority.