The latest bid by Tres Palacios Gas Storage (TPGS) to reduce the FERC-certificated capacity at its underground natural gas storage facility on the Gulf Coast has drawn protests from Riverway Storage Holdings LLC and Underground Services Markham (USM), which opposed the company’s last attempt to reduce its capacity.
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Tres Palacios Storage Cavern Downsizing Bid Draws Opponents
The latest bid by Tres Palacios Gas Storage (TPGS) to reduce the FERC-certificated capacity at its underground natural gas storage facility on the Gulf Coast has drawn protests from Riverway Storage Holdings LLC and Underground Services Markham (USM), which opposed the company’s last attempt to reduce its capacity.
Tres Palacios Can’t Abandon Unused Storage Capacity, FERC Says
The market might not want Tres Palacios Gas Storage LLC’s (TPGS) extra Gulf Coast cavern capacity, but the company can’t abandon it either, FERC said on Thursday.
Market Wins If We ‘Survive,’ Storage Operator Tells FERC
What’s good for Tres Palacios Gas Storage LLC (TPGS) is good for the market, the company told FERC in a motion filed last Tuesday in its ongoing bid to abandon a portion of its Gulf Coast capacity that has become uneconomic.