Senate Energy Committee Chairman Frank Murkowski (R-AK) saidyesterday there will be a third mark-up session on electriccompetition legislation on June 7. About 30 amendments have beensubmitted for mark-up so far. “We will have staff work to pare downthe number of amendments, and I will meet personally with Sen.[Jeff] Bingaman and staff to come to grips with the concerns.”Bingaman (D-NM) is ranking minority member of the committee.Murkowski cited the extent of federal jurisdiction vs. statejurisdiction as the main difference among committee members.”Secondary issues are things like benefit funds, renewable mandatesand nuclear decommissioning…..” He urged committee members tocome to terms with the idea of a comprehensive electric bill,adding “I’m not going to be the one who kills a comprehensivebill.”
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Industry Brief
El Paso Energy’s Petal Gas Storage said Friday it plans toproceed with the construction of a third salt cavern at itsexisting facilities in Mississippi based on the success of an openseason, which ended May 5. It noted it received service requests inexcess of the capacity proposed in the open season, and is now inthe process of evaluating the bids. The proposed expansion, ifapproved by FERC, would add 5 Bcf of working gas storage capacityto Petal’s existing storage facilities in Hattiesburg, MS, givingthe storage company a total of 15 Bcf of actual working gascapacity and 1.5 Bcf/d of withdrawal capacity.
Unable to Crack Support, Futures Get Stuck in the Middle
What a difference a week can make. For the third time in fourdays the April futures contract tested, but was unable to breakbelow stubborn support in the $2.71-74 area, leaving traders littlechoice but to bid up futures despite warming temperatures andfalling cash prices. The April contract finished up an impressive5.3 cents at $2.847. This advance came on the heels of last week’sprice activity, which saw the April contract twice test equallystubborn resistance at the $2.88-90 level. Aside from one falsebreakout to $2.67, the spot contract has consolidated within the$2.70-90 area since March 1.
Transportation Notes
Northern Natural Gas completed repairs and restored serviceWednesday after damage by a third party caused a force majeuresituation Tuesday on its East Leg. Line pressure was reduced andservice was curtailed temporarily downstream of Belleville(Lafayette County, WI).
Barton Backs His Choice for Vacant FERC Seat
The race for the vacant Republican seat at FERC is gettingawfully crowded as a third candidate from Capitol Hill has signaledhis interest in the post.
Barton Backs His Choice for Vacant FERC Seat
The race for the vacant Republican seat at FERC is gettingawfully crowded as a third candidate from Capitol Hill has signaledhis interest in the post.
Third CA Merchant Power Plant Approved
California regulators gave San Jose, CA-based Calpine Corp. andits partner, San Francisco-based Bechtel Enterprises, the okay tobuild a $450 million, 880 MW natural gas-fired power plant, theDelta Energy Center, near the Dow Chemical facility in Pittsburg,CA, an industrial town in the East San Francisco Bay area.Construction is expected to get under way this summer, bringing tothree the number of merchant plants approved by Californiaauthorities, all involving Calpine.
Florida Power Issues RFP for 530 MW in 2003
In an attempt to decide between buying third-party capacity orbuilding the facilities to generate the capacity itself, FloridaPower Corp. issued an RFP yesterday, seeking bids from companiesinterested in generating 530 MW for the electric company beginningin Nov. 2003.
Trunkline Negotiates with Several Parties to Sell Facilities
Trunkline Gas Co. has indicated it has “entered into discussionswith several parties” to either sell or spin down one-third of itsmainline system – about 720 miles – for the purpose of convertingthe facilities for transporation of refined petrolum products.
Trunkline Negotiating to Sell Facilities
Trunkline Gas Co. has indicated it has “entered into discussionswith several parties” to either sell or spin down one-third of itsmainline system – about 720 miles – for the purpose of convertingthe facilities for the transportation of refined petroleumproducts.
