The Federal Energy Regulatory Commission has granted finalenvironmental approval to the U.S. portion of Vector Pipeline,moving it within one step of receiving certification. TheCommission’s action comes in the wake of the National EnergyBoard’s final approval of the Canadian leg of the project.
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ALJ Backs Transco’s Refusal Of Interconnect to ANR
A FERC administrative law judge (ALJ) has agreedTranscontinental Gas Pipe Line was well within its rights when itdenied ANR Pipeline an additional interconnection to its mainlinesystem in Louisiana, saying that Transco’s action did notdiscriminate, violate antitrust principles or cause ANR to losebusiness.
ALJ Backs Transco’s Refusal of ANR Interconnect
A FERC administrative law judge (ALJ) has agreedTranscontinental Gas Pipe Line was well within its rights when itdenied ANR Pipeline an additional interconnection to its mainlinesystem in Louisiana, saying Transco’s action neither wasdiscriminatory, caused ANR to lose business nor violated antitrustprinciples.
Report Puts Offshore Gulf Production on Edge
Well depletion rates in the Gulf of Mexico have reached astartling 38% this year and within the next three years could reach49%, according to a report by Houston-based Simmons & Co.International.
Pruner Sees Power Companies Dominating the Market
Because of the size of the power industry, electric companieswill own the gas industry within the next decade, according to anofficial of Engage Energy. Of the 300 LDCs and about 110investor-owned utilities remaining in the country, roughly 100 willbe remaining at the end of the next decade, said David Pruner ofEngage Energy in Houston. The top-50 IOUs will control almost 80%of the entire energy market, he said at the DOE-NARUC natural gasconference in Pittsburgh yesterday.
Alliance Moves Much Closer to Reality
Canadian approvals are expected to fall into place within thenext three months after the U.S. leg of the Alliance PipelineProject earned its environmental seal from FERC last week. “Thisputs us firmly on track,” Alliance spokesman Jay Godfrey said.FERC’s approval of the final environmental impact statement (FEIS)firmed up a schedule that – following a one-year delay due to aprolonged fight before Canada’s National Energy Board – calls forconstruction of the C$3.7-billion (US$2.6-billion), 1.3 Bcf/dpipeline to start next spring. That will be in time for completionand a start on deliveries in the fall of 2000, Godfrey said.
Another Dull Day At the Merc
Volatility at the New York Mercantile Exchange has become so low the April contract was only able to trade within a narrow 3.5 centrange Tuesday, from $2.14-$2.175. The contract settled unchangedat $2.155.