Tool

New York retail gas marketers last Friday were given a new tool to manage their daily citygate gas delivery imbalances, but they also could face tougher action by Consolidated Edison if they fail to deliver required supplies.

New York retail gas marketers last Friday were given a new tool to manage their daily citygate gas delivery imbalances, but they also could face tougher action by Consolidated Edison if they fail to deliver required supplies.

The “evolution” of natural gas storage into an arbitrage tool increasingly utilized by marketing companies may be leading some industry observers to misinterpret the results of the American Gas Association’s (AGA) weekly storage report and the changes in storage levels over time, according to TXU Chairman David Biegler.

Bending another tool in its arsenal to shaping up the electricpower market, the Federal Energy Regulatory Commission (FERC) hasapproved an 11.6% rate of return for Southern California Edison,replacing the 9.68% rate set earlier by an administrative law judge(ER97-2335, et al).

Bending another tool in its arsenal to shaping up the electricpower market, the Federal Energy Regulatory Commission (FERC) hasapproved an 11.6% rate of return for Southern California Edison,replacing the 9.68% rate set earlier by an administrative law judge(ER97-2335, et al).

Shippers dabbling in the released capacity market have a newtool in the form of an Internet-based service that will alert themwhen capacity they are interested in becomes available.CapacityCenter.com this week launched a Web site that gives the gasindustry access to a database of current and historical informationfrom the released capacity market. CapacityCenter.com utilizes adatabase of gas capacity information compiled over the past fiveyears by Skipping Stone subsidiary TransCapacity.

Shippers dabbling in the released capacity market have a newtool in the form of an Internet-based service that will alert themwhen capacity they are interested in becomes available.CapacityCenter.com this week launched a Web site that gives the gasindustry access to a database of current and historical informationfrom the released capacity market. CapacityCenter.com utilizes adatabase of gas capacity information compiled over the past fiveyears by Skipping Stone subsidiary TransCapacity.

TransCanada yesterday was continuing to evaluate an electronicfailure on its 36-inch Western Alberta System. A tool used duringan in-line inspection run failed. Arrival of a de-watering pig atthe Knight compressor station has been delayed until about noonmountain time today. Work on the system between the Miekle Riverand Knight compressor station in northwestern Alberta began May 31,impacting receipt capacity by about 1 Bcf/d. The system should beup to regular flows again some time by Saturday, a spokesman said.The outage had been scheduled to end June 9.

After nearly two years of deliberation, the Commodity FuturesTrading Commission last week conditionally approved a new rule,permitting the New York Mercantile Exchange to hold a three-yearpilot during which futures contracts can be exchanged for positionsin swap transactions (EFS transactions).