Warned

Moody’s Investors Service warned yesterday that some municipalelectric utilities face a dangerous possibility of having to buymore power than expected on the spot market because of very lowhydroelectric supplies.

As it had warned earlier (see Daily GPI, Dec. 12), ANR saidFriday it will issue an OFO restricting receipts into its Southeastsystem with Btu content exceeding 1,050 per cubic foot. The OFOstarts Jan. 1, 2001 and will remain in effect until further notice.It was caused by “the current and scheduled shutdown of numerousprocessing plants on ANR’s system,” the pipeline said. Therestriction will not apply to receipts that are dedicated andconfirmed by a known processing plant that is in operation and/orwhere the heat content of the receipts exceeds 1,050 Btus per cubicfoot but the pentanes (C5+) and heavier components do not exceed0.05 gallons per Mcf, ANR said.

FERC staff warned Independence Pipeline Co. and ANR Pipeline last week that their certificate authority to build the much-maligned Independence project and associated SupplyLink expansion “could be in jeopardy” if they don’t submit by May 1, 2001 the initial plans for how they intend to comply with Commission-imposed environmental requirements.

FERC staff warned Independence Pipeline Co. and ANR Pipelinelast week that their certificate authority to build themuch-maligned Independence project and associated SupplyLinkexpansion “could be in jeopardy” if they don’t submit by May 1,2001 the initial plans on how they intend to comply withCommission-imposed environmental requirements.

Texas Railroad Commissioner Tony Garza warned the statelegislature and the Texas Congressional delegation last week of anexpected 55% increase in natural gas prices this winter for smallcustomers and the expected continuation of high prices for the nextyear to 18 months.

Texas Railroad Commissioner Tony Garza warned the statelegislature and governor yesterday of an expected 55% increase innatural gas prices this winter for small customers and the expectedcontinuation of high prices for the next year to 18 months.

The Natural Gas Council on Friday warned the ClintonAdministration and Congress of abnormally high natural gas pricesthis winter and requested additional funding for the Low-IncomeHome Energy Assistance Program (LIHEAP) for low-income households.

The Natural Gas Council on Friday warned the ClintonAdministration and Congress of abnormally high natural gas pricesthis winter and requested additional funding for the Low-IncomeHome Energy Assistance Program (LIHEAP) for low-income households.

The Energy Information Administration warned last week in itsShort Term Energy Outlook that recent natural gas market activity”reveals the backdrop of vulnerability…..to potential supplyshortfalls,” particularly in light of increasing demand from thepower sector and the winter heating season approaching.