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The California Independent System Operator’s (Cal-ISO) claim that market power has inflated wholesale energy costs in the state by more than $6.2 billion since last May (see NGI, March 26) should be rejected because the figure came from a report that was approved by the organization’s illegally formed governing board, contends Williams Energy Marketing and Trading.

The California Independent System Operator’s (Cal-ISO) claim that market power has inflated wholesale energy costs in the state by more than $6.2 billion since last May (see Daily GPI, March 23) should be rejected because the organization is run by an illegally formed governing board, contends Williams Energy Marketing and Trading.

FERC last week ordered El Paso Merchant Energy and El PasoMerchant Energy-Gas L.P. to stop stonewalling and turn overprotected materials to parties involved in a complaint case thatalleges the affiliates received preferential treatment when theyacquired 1.2 Bcf/d of California-bound firm capacity on El PasoNatural Gas.

FERC last week ordered El Paso Merchant Energy and El PasoMerchant Energy-Gas L.P. to stop stonewalling and turn overprotected materials to parties involved in a complaint case thatalleges the affiliates received preferential treatment when theyacquired 1.2 Bcf/d of California-bound firm capacity on El PasoNatural Gas.

FERC yesterday ordered El Paso Merchant Energy to stopstonewalling and turn over protected materials to parties involvedin a complaint case in which it’s alleged the affiliate receivedpreferential treatment when it acquired 1.2 Bcf/d of firm capacityon El Paso Natural Gas.

Although fundamentals seemed to be ignored in Tuesday’s mostlysofter market, traders apparently got a wake-up call Wednesday tothe fact that temperatures remained near or below freezing innearly all areas outside the desert Southwest and were expected tostay that way through the end of 2000. The result was largeWednesday advances at nearly all pricing points, with a few gainsexceeding a dollar.

Vacant capacity on TransCanada PipeLines Ltd. will rise to about1.7 Bcf/d or 24% as of Nov. 1 as shippers of Canadian natural-gasproduction turn to transportation alternatives coming available tothem for the first time in industry history.

Vacant capacity on TransCanada PipeLines Ltd. will rise to about1.7 Bcf/d, or 24% of total capacity, by Nov. 1 as shippers ofCanadian gas production turn to transportation alternatives comingavailable to them for the first time in industry history.

In what may turn out to be a Pyrrhic victory, bulls weresuccessful on two fronts Friday — testing resistance at $3.00 andposting a gain for the third straight session. However, thoseachievements may have come at a price because even dyed in the woolbulls were shaking their heads after watching heavy selling enterthe market once prices reached over the $3.00 mark.