Told

Enough’s enough, shippers and customers of El Paso Natural Gas told FERC Friday in requesting fast-track processing of a complaint requesting immediate mandatory expansion of the pipeline and a change in its contracting practices to convert unlimited full requirements obligations to set contract demand pacts.

Enough’s enough, shippers and customers of El Paso Natural Gas told FERC Friday in requesting fast-track processing of a complaint requesting immediate mandatory expansion of the pipeline and a change in its contracting practices to convert unlimited full requirements obligations to set contract demand pacts.

A California gubernatorial candidate and current secretary of state, Bill Jones, Thursday told major power generators and marketers they need to make some changes in how they do business in the state, or face the possible wrath of the state voters next year with an anti-electric industry ballot measure.

A spokeswoman with Mirant Corp. told NGI on Wednesday that an explosion occurred at Unit 5 of the company’s 447 MW Lovett power station in Tompkins Cove, NY. The blast injured one employee and shut down the entire generating facility, spokeswoman Jamie Stephenson said.

Is that an “I told you so” coming from the Barrett Resources board room? Yesterday, Royal Dutch/Shell raised its bid $5 a share for the Denver-based independent, and is now valuing the gas-rich company at $2.01 billion. Shell launched a hostile takeover bid in March for $55 a share, but Barrett had said the offer was too small (see Daily GPI, March 12).

Is that an “I told you so” coming from the Barrett Resources board room? On Thursday, Royal Dutch/Shell raised its bid $5 a share for the Denver-based independent, valuing the gas-rich company at $2.01 billion. Shell launched a hostile takeover bid in March for $55 a share, but Barrett had said the offer was too small (see NGI, March 12). With the new offer of $60 a share on the table, Barrett said it now will take the offer into consideration.

Using the baseball movie Field of Dreams as a metaphor for the energy industry, Ocean Energy Inc.’s CFO William Transier told producers they have to “go the distance” if they believe the North American natural gas market will grow to 30 Tcf within 20 years. By overcoming the challenges, producers can build a “supply of dreams.” But, he warned, it won’t be a shutout.

Using the baseball movie Field of Dreams as a metaphor for the energy industry, Ocean Energy Inc.’s CFO William Transier told producers they have to “go the distance” if they believe the North American natural gas market will grow to 30 Tcf within 20 years. By overcoming the challenges, producers can build a “supply of dreams.” But, he warned, it won’t be a shutout.

While California’s independent grid operator, Cal-ISO, told FERCyesterday the state was overcharged as much as $6.2 billion forwholesale power bought over the last 11 months, Dynegy Inc.disputed an earlier presumption by FERC that it was among thesuppliers that were overcharging California buyers in January andFebruary.