As if there weren’t enough sites to click on already, energybuyers will be getting yet another deal-making space on theInternet. Dynegy and Williams agreed to invest $25 million each fora minority equity stake in eSpeed Inc., an interactive electronicmarketplace engine for business-to-business (B2B) e-commerce.
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El Paso Proposes ‘Pathed’ Method of Capacity Allocation
Although stating several times the FERC-ordered changes to itsexisting capacity-allocation procedures weren’t “necessary orappropriate,” El Paso Natural Gas has proposed a new allocationscheme that would assign “pathed” and “non-pathed” rights for thedelivery of shippers’ gas to the California market.
Tennessee, CNG Join East-Bound Bandwagon
As if its plate weren’t already full, “the market” received another East-bound pipeline project to “sort out” with the announcement of El Paso Energy’s Tennessee Gas Pipeline and Consolidated Natural Gas’ CNG Transmission Atlantic Alliance Project. Atlantic Alliance would transport up to 750,000 Dth/d from the Chicago market center and the Niagara Import Point in upstate New York into eastern markets.