Warned

Trunkline warned Friday evening that based on system operations and continuing weather conditions, it no longer could absorb excess receipts upstream of Centerville in the East Louisiana pool. It issued a critical system warning for the pool that remains in effect until further notice. If the excess receipts continue, an OFO with 2% tolerance and $25/Dth penalties may become necessary, Trunkline said.

U.S. Chamber of Commerce President Thomas Donohue last week warned against re-opening the stock exchanges on New York City’s Wall Street before the damaged electricity and telephone grids have been repaired.

Comptroller General David M. Walker last Friday warned of “possible litigation” against the Bush administration over undelivered energy policy documents. Walker said he received an “inadequate” amount of information on Thursday from the vice president’s office in response to a request from the Government Accounting Office (GAO). It would be the first time the investigative branch of Congress went to court against the executive branch.

The General Accounting Office warned last week that it is prepared to go to the mat to obtain information from Vice President Dick Cheney related to the workings of the Cabinet-level task force on energy policy, even if it means filing a civil lawsuit.

The General Accounting Office warned this week that it is prepared to go to the mat to obtain information from Vice President Dick Cheney related to the workings of the Cabinet-level task force on energy policy, even if it means filing a civil lawsuit.

Price caps are “much like steroids — they make you look good in the short term, but they kill you in the long run,” warned Rep. J.C. Watts of Oklahoma and chairman of the House Republican Conference during the Natural Gas Roundtable last week.

Price caps are “much like steroids — they make you look good in the short term, but they kill you in the long run,” warned Rep. J.C. Watts of Oklahoma and chairman of the House Republican Conference during the Natural Gas Roundtable yesterday.

Preparing the way for the Administration’s energy policyexpected in the next couple weeks, Energy Department SecretarySpencer Abraham warned a meeting of the U.S. Chamber of Commerce”the nation faces a major energy supply crisis over the next twodecades.”

The future is bright for investors in the power market, butrather dim for the nation’s power users, Salomon Smith Barney (SSB)warned in a new report titled “The U.S. Electric Shock.”