Told

TransCanada PipeLines and Nova Gas Transmission (NGTL) toldtheir shippers they are looking into expanding their pipelinesystems to increase deliveries to the Pacific Northwest. Thecompanies plan to assess the feasibility of expansions of NGTL andTransCanada’s BC System in British Columbia and are offeringshippers the opportunity to “rationalize” their firm contractholdings on those systems effective November 2002.

The mega-utility merger of Consolidated Edison (ConEd) andNortheast Utilities (NU) may be on ice. NU has told ConEd toprovide assurances by 9 a.m. Friday that it intends to go throughwith the deal or else face legal action. The only remainingregulatory hurdle for the $3.8 billion merger (excluding $3.9billion in NU debt) is a letter of approval from the Securities andExchange Commission (SEC), which is expected by mid-March.

Westcoast Energy CEO Michael Phelps told Reuters news serviceafter a New York investors conference yesterday that he expectsMaritimes & Northeast gas volumes to triple in five years tomore than 1.6 Bcf/d.

TransCanada PipeLines and Nova Gas Transmission (NGTL) toldtheir shippers Friday they are looking into expanding theirpipeline systems to increase deliveries to the Pacific Northwest.The companies plan to assess the feasibility of expansions of NGTLand TransCanada’s BC System in British Columbia and are offeringshippers the opportunity to “rationalize” their firm contractholdings on those systems effective November 2002.

Though they’ve been told again and again by state regulatoryofficials that a California crisis can’t happen in Texas, twoHouston lawmakers have filed legislation to expand the state’sauthority to limit electric deregulation, which begins on a pilotbasis in June. And in Oklahoma, legislators have decided topostpone deregulation for at least two years.

Though they’ve been told again and again by state regulatoryofficials that a California crisis can’t happen in Texas, twoHouston lawmakers filed legislation last week to expand the state’sauthority to limit electric deregulation, which begins on a pilotbasis in June. And in Oklahoma, legislators have decided topostpone deregulation for at least two years.

Now that most of the production data for the third quarter isin, analysts generally are saying they “told you so” because U.S.gas production is barely making desperately needed gains.Production is, however, growing slightly more than expected, andsome observers see huge gains to be made next year.

Now that most of the production data for the third quarter isin, analysts generally are saying they “told you so” because U.S.gas production is barely making desperately needed gains.Production is, however, growing slightly more than expected andsome observers see huge production gains to be made next year.

Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.