Today

Tennessee Gas Pipeline’s Eastern Express Project 2000 is a muchdifferent expansion today-mainly much smaller-as it arrives at FERCthan when it was announced more than a year ago. Last winter, thecompany said there was market interest in more than 4 Bcf/d of firmcapacity along nearly every stretch of its system, from the Gulf ofMexico north, from Chicago and Niagara east and from New Hampshiresouth. But Tennessee filed an application yesterday with FERC toadd only 168 MMcf/d of capacity along the northernmost part of itspipeline at connections with PNGTS and Maritimes.

Avista Energy announced today it has moved into the top ten inthe power marketing ranks with completion of its acquisition ofVitol Gas & Electric LLC, one of the top 20 energy marketingcompanies in the United States.

TransColorado Gas Transmission Co. said it would start fillingadditional portions of the TransColorado Pipeline in New Mexico andwestern Colorado today with gas as it prepares to commence Phase 2operations in February.

Here today; gone tomorrow was the prevailing mentality in thefutures arena yesterday when the coldest temperatures of the yearwere more than offset by forecasts calling for a warm-up by earlynext week. And as has been the case for most of the month, it wascash prices that not only led the way for the futures market, butalso notched a larger change on the day-where the January contracttrickled down, 2.2 cents to settle at $1.925, cash prices sank by adime on many pipes.

Anyone working for a gas company today won’t be in a few yearsif a prediction of BT Alex Brown Managing Director Edward TirelloJr. comes true. “On convergence, I believe that the electriccompanies will buy up all of the gas companies over the next fiveyears, and that will be the end of it.”

Anyone working for a gas company today won’t be in a few yearsif a prediction of BT Alex Brown Managing Director Edward TirelloJr. comes true. “On convergence, I believe that the electriccompanies will buy up all of the gas companies over the next fiveyears, and that will be the end of it.”

A joint study to be released today reveals that the price datareported by the gas industry’s three major publications – NaturalGas Intelligence, Inside Ferc and Gas Daily – is both consistentand reliable.

The Federal Energy Regulatory Commission has conditionallyapproved a new interruptible park and loan service (PLS) to starttoday on Williams Gas Pipelines Central. The service – allowingcustomers to park or request a loan of gas at each of Williams’pools – was designed to give those customers greater flexibility ina market that has evolved from a monthly to a daily business. FERCapproved the service subject to refund and certain conditions.

Pacific Gas & Electric extended a low-inventory Stage 1 OFO(see Daily GPI, Sept. 1) through today. Penalties were unchanged,but the negative imbalance tolerance was tightened to 5%.