Unveils

Transcontinental Gas Pipe Line announced that it is currently in the planning stages to develop an expansion of its pipeline system in the Northeast United States. Known as the Sentinel Expansion Project, Transco said the endeavor could have a capital cost of up to $300 million.

As its offshore energy sector grows and sets it further apart from other Canadian provinces, Nova Scotia last Wednesday released a new energy strategy that involves, among other things, establishing a Department of Energy, introducing limited competition for some electric power customers, adding a royalty trust from offshore proceeds and setting new air pollution standards. The strategy also expects “major future benefits” from using natural gas and has set a plan in motion to remove barriers that would allow the new system to operate on a firm commercial basis.

When the reconstituted Alaskan Northwest Natural Gas Transportation Co. presents its proposal for a northern pipeline this winter, it will be one item in a master plan crafted by TransCanada PipeLines Ltd. to maintain and expand the Canadian role in the continental market.

When the reconstituted Alaskan Northwest Natural Gas Transportation Co. presents its proposal for a northern pipeline this winter, it will be one item in a master plan crafted by TransCanada PipeLines Ltd. to maintain and expand the Canadian role in the continental market.

Atlanta, GA-based IntercontinentalExchange (ICE) announced last week that weather derivatives are now available on the ICE online trading system.

Reliant Energy Wholesale Group unveiled a new natural gas index and associated financial risk management instrument, designed to enable natural gas traders to better hedge risk for their companies and portfolio clients during the heating season. The Weather-Sensitive Gas Load Index (WGLI) measures current and forecasted residential and commercial natural gas consumption. To work with the index, Reliant has developed a financial instrument tailored for gas traders, called the WGLI Swap.

Atlanta, GA-based IntercontinentalExchange (ICE) said Tuesday that weather derivatives are now available on the ICE online trading system.

The Department of Energy (DOE) has announced several new projects aimed at expanding future approaches for storing natural gas, improving gas transportation and pipeline reliability and integrity.

FERC Chairman Pat Wood III this week named Cynthia A. Marlette acting general counsel at the Commission, effective immediately, and also announced the appointment of Kevin F. Cadden to head the federal agency’s office of external affairs.