Florida Gas Transmission ended Saturday an Overage Alert Day (OAD) that had begun on the previous Tuesday, but it warned Monday of the possibility of another OAD being declared due to “freezing weather [being] forecasted in Florida by Tuesday night/Wednesday morning.” The pipeline followed through by declaring a new OAD Tuesday, setting the tolerance for negative daily imbalances at 25%.
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Transportation Notes
El Paso warned shippers Wednesday afternoon of the potential for a Strained Operating Condition (SOC), saying its linepack was expected to drop below 7,200 MMcf that night because of evening loads in the Phoenix area and the continuation of takes in excess of scheduled deliveries. However, the pipeline canceled the SOC warning Thursday due to customer response being sufficient to increase its linepack “to acceptable levels.” Washington Ranch storage remained on maximum withdrawal, El Paso added.
FERC: Pipes Risk Penalties if Fail to File Contract Deviations
FERC last Wednesday warned interstate natural gas pipelines that they face the risk of stiff penalties if they fail to comply with the agency’s requirement to report transportation contracts containing deviations from their pro forma open-access tariffs.
FERC: Pipes Risk Penalties for Failing to File Contract Deviations
FERC Wednesday warned interstate natural gas pipelines that they face the risk of penalties if they fail to comply with the agency’s requirement to report transportation contracts containing deviations from their pro forma open-access tariffs.
Summer Price Outlook: Is the Cavern Half Full or Half Empty?
While one analyst team sees a 50% chance for a late-summer gas price collapse, another warned last week that a projected 250 Bcf year-over-year storage deficit at injection season’s end could set the stage for Henry Hub price spikes, given the continued dearth of incremental liquefied natural gas (LNG) supplies available to the United States.
Summer Price Outlook: Is the Cavern Half Full or Half Empty?
While one analyst team sees a 50% chance for a late-summer gas price collapse, another warned this week that a projected 250 Bcf year-over-year storage deficit at injection season’s end could set the stage for Henry Hub price spikes, given the continued dearth of incremental liquefied natural gas (LNG) supplies available to the United States.
Avista: Consumers to See Effects of High-Priced Gas in Fall
Avista warned that high natural gas prices will show up in customer rates this fall when annual purchased gas cost adjustments (PGA) are filed with the public utility commissions in Washington, Idaho and Oregon.
Dominion CEO: ‘Energy Train Wreck’ Without Realistic U.S. Policy
Dominion CEO Thomas F. Farrell II warned last week that the United States “is headed for an energy train wreck” if the country does not create a national energy policy “grounded in economic realism, common sense and market principles.”
Dominion CEO: ‘Energy Train Wreck’ Without Realistic U.S. Policy
Dominion CEO Thomas F. Farrell II warned Monday that the United States “is headed for an energy train wreck” if the country does not create a national energy policy “grounded in economic realism, common sense and market principles.”
Transportation Notes
El Paso, which had warned shippers of a potential Pack Strained Operating Condition (SOC) Nov. 4 and said last Friday the warning remained in effect (see Daily GPI, Nov. 12), made the SOC a reality Monday. It declared a systemwide Pack SOC for the Nov. 13-20 gas days, setting the imbalance tolerance initially at 10% but saying it will reduce the tolerance if conditions do not sufficiently improve. El Paso cited “milder weather than usual for this time of year” as well as a planned outage of its Washington Ranch storage facility that was to have begun Monday and run through Nov. 19. However, due to “extremely high linepack” impacting its system, El Paso said it had delayed the Washington Ranch work to Tuesday through Nov. 20.