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Independence Upheld; Transco, ANR Projects Advance

FERC had a very busy day yesterday on the natural gas side.First, it upheld its July order in which it awarded a certificateto the Midwest-to-East Coast Independence Pipeline, fending offcontinuing questions about the binding nature of the project’sprecedent agreements and its market need. Federal regulators alsogave the go-ahead for Phase II of ANR Pipeline’s Wisconsinexpansion, a Reliant Energy Gas Transmission expansion in Arkansas,and awarded a preliminary determination to Transcontinental GasPipe Line for its proposed Sundance expansion in the Southeast.

September 28, 2000

CA Utilities Gear Up For Winter Gas Bill Hikes

With electricity price shock still very much on their minds,California’s three major investor-owned gas utilities are alreadygearing up for potential similar shock surrounding natural gasbills this winter as gas futures prices are hovering twice as highas they were a year ago. Wednesday natural gas futures hit anotherall-time high, topping $5.

September 11, 2000

CA Utilities Gear Up for Winter Gas Bill Hikes

With electricity price shock still very much on their minds, California’s three major investor-owned gas utilities are already gearing up for potential similar shock surrounding natural gas bills this winter as gas futures prices are hovering twice as high as they were a year ago. Wednesday natural gas futures hit another all-time high, topping $5.

September 8, 2000

Transportation Notes

Pacific Gas & Electric issued a systemwide Stage 2 low-inventory OFO effective today. It has a very stringent tolerance of 1% for negative daily imbalances and penalties of $1/Dth.

July 21, 2000

Prices Plunge, And a Repeat Is Expected Today

How low can you go? Some traders likely were asking themselvesthat very question Wednesday afternoon after seeing cash pricescrater by about 20 cents or more at nearly all points that morningand then watching the screen go into a swoon immediately after theAGA storage report, which means the cash market is expected toregister big losses again today.

June 8, 2000

TransCanada Begins Exit from Midstream

TransCanada PipeLines has taken the first steps in a bold planto divest $3 billion in assets in its Canadian midstream,international and refined products transportation businesses. Thecompany sold subsidiary NovaGas Canada LP’s Provost gas plant andgathering system to a subsidiary of Midcoast Energy Resources Inc.last week for an undisclosed sum and completed the sale of its PeshCreek processing complex and East Australia pipeline system earlierthis month. The total value of the two Canadian processing planttransactions comes to about $42 million.

March 27, 2000

Lower Prices Yield to Lack of Load, Plenty of Supply

The cash market finally caved in Friday under the weight of verylittle heating demand and abundant available supplies, sendingprices lower for the first time in the fledgling March aftermarket.

March 6, 2000

MRT, Columbia Rank High In Customer Survey

Mississippi River Transmission (MRT) and Columbia Gas SystemInc. got very high marks for being responsive to their customers,according to the results of the latest pipelinecustomer-satisfaction study released last week by Mastio & Co.

March 6, 2000

Fuel Cells: The Gas Grills of the ’00s?

Year 2000 could very well be the year of the fuel cell on WallStreet as next year is expected to see the first commercializationof the technology on Main Street. While most consumers have yet tohear of the systems that could one day be big, gas-poweredbatteries in their backyards, investors certainly are aware.

January 28, 2000

Vastar Earnings Up 56%, Reserves Up 170%

“1999 was a very good year for Vastar,” according to VastarResources President Charles D. Davidson, who had the numbers toback up the boast: a 56% increase in earnings over 1998, along witha 170% replacement of reserves.

January 20, 2000