Withdrawn

Storage Report a Nonevent; February Gas Continues Lower as Year-End Nears

Coming in well within industry expectations, the Energy Information Administration (EIA) reported Thursday morning that 162 Bcf was withdrawn from underground stores for the week ended Dec. 23. The report fell on mostly deaf ears within the industry as February natural gas futures worked lower into the afternoon to settle at $11.223, down 41.4 cents from Wednesday’s close.

December 30, 2005

Cascade Plans Decoupling Profitability from Delivered Volumes

Pacific Northwest utility Cascade Natural Gas Corp. said it has withdrawn its application for a Conservation Alliance Plan that was filed on Oct. 31 at the Washington Utilities and Transportation Commission (WUTC) but will pursue implementing a new rate design in its upcoming general rate case. The new rate structure would promote conservation and would not tie the company’s profitability to the volume of natural gas that it delivers.

December 19, 2005

Cascade Plans to File New Rate Structure Decoupling Profitability from Delivered Volumes

Pacific Northwest utility Cascade Natural Gas Corp. said it has withdrawn its application for a Conservation Alliance Plan that was filed on Oct. 31 at the Washington Utilities and Transportation Commission (WUTC) but will pursue implementing a new rate design in its upcoming general rate case. The new rate structure would promote conservation and would not tie the company’s profitability to the volume of natural gas that it delivers.

December 14, 2005

Maryland Bill to Block Washington Gas LNG Storage Facility Withdrawn

Legislation that sought to block Washington Gas from converting facilities in the Washington, DC, suburb of Chillum, MD, to a liquefied natural gas (LNG) storage facility was withdrawn in the Maryland House of Delegates last week.

April 18, 2005

Maryland Bill to Block Washington Gas LNG Storage Facility Withdrawn

Legislation that sought to block Washington Gas from converting facilities in the Washington, DC, suburb of Chillum, MD, to a liquefied natural gas (LNG) storage facility was withdrawn in the Maryland House of Delegates earlier this week.

April 14, 2005

FERC Staff: Mistake by Dominion Storage Clerk Will Cost U.S. Consumers $200M-$1B

FERC staff said Friday that an incorrect e-mail attachment sent by a “clerk” at Dominion Transmission to weekly storage surveyors at the Energy Information Administration (EIA) led to the erroneous storage report last month and subsequent jump in futures prices. FERC staff estimates the error and price run-up cost U.S. consumers $200 million to $1 billion in their December cost of gas.

December 20, 2004

Futures Erupt Higher on Bullish Storage Data

Natural gas futures extended to new two-week highs Thursday on the surprising news that 9 Bcf was withdrawn from underground storage facilities last week. Bulls were quick to react to the data, and were responsible for propelling the market 17 cents higher in the five minutes following the 10:30 a.m. EDT release. The market continued to chop higher in the late morning and afternoon in an extremely active session that saw more than 90,000 contracts change hands. May finished at $5.419, up 22.4 cents for the day.

April 11, 2003

Transportation Notes

PG&E Gas Transmission-Northwest (GTN) reported discovering internal problems with the B unit at Station 6, requiring that the unit be withdrawn from service. As a result, Kingsgate capacity was restricted to 2,400 MMcf/d in Thursday’s Intraday 1 scheduling cycle until further notice.

August 10, 2001

Enron Withdraws Protest over LNG Capacity

Enron Americas LNG Co. has withdrawn its protest alleging that Southern LNG Inc. showed preferential treatment when it awarded the entire capacity of its facility on Elba Island in Georgia, which it is seeking to reactivate, to its marketing affiliate. Since filing the protest in August, the two companies “have negotiated a commercial resolution regarding the future use of the Elba Island Terminal.” Enron LNG said it now supports Southern LNG’s bid for a preliminary determination by Dec. 31 and final approval in the first quarter of 2000 to upgrade and reactivate the mothballed terminalling facility. (See Daily GPI, Aug. 19).

October 20, 1999
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