Houston-based Amerex Natural Gas Inc. and sister company AmerexPower Inc. together bought the gas and electricity brokeragebusinesses of Houston-based BTU Brokers Ltd. for an undisclosedprice. As a result, Amerex’s daily average of physical and papergas deals grew 12.4% to $287 million, and physical and paper powerdeals increased 5% to $175 million for a combined annual value of$121 billion in gas and power deals.
Volumes
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Transportation Notes
Citing cold weather and operational conditions, MRT issued anOFO Wednesday. All IT and AOR (Authorized Overrun) volumes flowingnorth of the Glendale (AR) Station on the Main Line wereinterrupted. Affected customers should re-source their Main Linesupplies to the East Line or take their Main Line IT and/or AORreceipts to zero, MRT said.
Transportation Notes
Westcoast took its McMahon Plant off-line at midafternoon Sundayfor unplanned repairs to the inlet facility. Authorized volumes forSunday’s gas day were cut in half. A force majeure declaration forMcMahon was lifted early Monday morning.
Leadership Isn’t Just Volumes Traded
Convergence obviously is alive and well in the energy industry, but it’s not exactly what a lot of people seem to think it is, according to Dynegy CEO Chuck Watson. Convergence isn’t just about gas and power coming together. It’s not just marketing gas and power and growing market share.
Leadership Isn’t Just Volumes Traded
Convergence obviously is alive and well in the energy industry,but it’s not exactly what a lot of people seem to think, accordingto Dynegy CEO Chuck Watson. Convergence isn’t just about gas andpower coming together. It’s not just marketing gas and power andgrowing market share.
Transportation Notes
Pacific Gas & Electric issued a low-inventory Stage 1 OFOfor today carrying penalties of $1/dth for negative imbalancesexceeding 5% of scheduled volumes.
California Seeks Input on Prepaid Gas Purchase Plan
An ambitious plan to prepay for large volumes of gas under amulti-year contract is under consideration by the California agencyresponsible for procuring natural gas for state facilities.Staffers of Natural Gas Services, a unit of the state’s Departmentof General Services, would like to hear ideas about implementingsuch a program from potential suppliers.
NGSA Protests FERC’s Order for EDI
“Gas Producers cannot justify the expense of implementing[electronic data interchange] on all pipelines because ofinsufficient volumes on any particular pipeline,” the Natural GasSupply Association said last week in opposing FERC’s mandate foracross the board implementation of EDI by June 1, 1999.
Transportation Note
Transwestern said its La Plata compressor station will be downthrough Thursday, March 5, for construction. There will be zerovolumes flowing from the Ignacio area to the Blanco Hub.Interconnects affected are NWPL-La Plata, WFS Ignacio Plant, andAmoco Florida River Plant. Capacity from the Blanco Hub to Thoreauwill remain at 800,000 MMcf/d. The same scenario also will applyMarch 28 through 31, Transwestern said.