Warning

Pacific Gas & Electric and Sonat did not extend OFOs beyondTuesday, and MRT is letting its System Protection Warning expirethis morning.

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.

Energy and Environmental Analysis, Inc. (EEA) released a reportyesterday warning that the North American gas market is on coursefor entering the winter heating season with dangerously low storagelevels.

CMS Energy’s Chairman William T. McCormick Jr. cited “asignificant lack of adequate transmission capacity,” and noincentives to build more, as threats to the reliability of thenation’s power delivery system in a deregulated environment.

CMS Energy’s Chairman William T. McCormick Jr. cited “asignificant lack of adequate transmission capacity,” and noincentives to build more, as threats to the reliability of thenation’s power delivery system in a deregulated environment.

Affiliated pipelines Texas Eastern and Algonquin notified shippersTuesday evening that OFOs (or a Critical System Warning in Algonquin’scase) similar to those canceled Monday (see Daily GPI, Jan. 25) would go into effect later thatnight. As before, the OFOs require uniform hourly deliveries in themarket area and carry other restrictions such as no acceptance ofdue-shipper imbalance nominations. Effective today Algonquin isallowing only Primary Firm services through its Cromwell (CT)Compressor Station.

Despite warning investors last week that warm weather during the fourth quarter could negatively impact earnings by as much as 10 cents/share last week, CMS Energy has nonetheless deemed 1999 a success. Its earnings will be released in mid-January, a company spokesman said.

Despite warning investors that warm weather during the fourthquarter could negatively impact earnings by as much as 10cents/share, the CMS has nonetheless deemed 1999 a success. Itsearnings will be released in mid-January, a company spokesman said.