Koch Gateway Pipeline last week lost out in its years-long questat FERC to be the first major interstate pipeline to winmarket-based rates for its primary firm and interruptibletransportation services on a system-wide basis. The issue is nowripe for court review.
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PP&L Inc. named John Cotter vice president-energy marketing& trading. Cotter, who has more than 20 years of experience inthe marketing and trading of electricity, gas and oil, has servedas senior vice president-marketing for PP&L EnergyPlus,PP&L Inc.’s electricity sales subsidiary. He replaces MichaelT. Steffes, who last week resigned from PP&L, Inc. to pursueother interests. Cotter has been serving in the PP&L EnergyPlussenior vice president position since October.
Rockies Less Produced than Other Regions
After years of having been plagued by low prices relative to theHenry Hub, Rocky Mountain producers appear to be well positioned tohelp meet the projected 30 Tcf gas market. Even when Canada isconsidered, less gas has been drawn from Rockies basins on apercentage of projected reserves basis than from other NorthAmerican producing regions, noted Thomas A. Petrie of PetrieParkman & Co.
New Jersey Sets Obstacles For MarketLink
The state of New Jersey, scene of a massive natural gas pipeline explosion five years ago, has launched an attack on Transco’s MarketLink project — which had no connection with the blast — demanding more stringent safety requirements on interstate pipelines and additional proof there is a need for added pipeline capacity.
New Jersey Sets Obstacles for MarketLink
The state of New Jersey, scene of a massive natural gas pipelineexplosion five years ago, has launched an attack on Transco’sMarketLink project – which had no connection with the blast -demanding more stringent safety requirements on interstatepipelines and additional proof there is a need for added pipelinecapacity.
Industry Briefs
Northern States Power Co. issued a request for proposals (RFP)for up to 1,200 MW of power generation capacity and associatedenergy for a period of 10 years, beginning sometime between May 1,2003, and May 1, 2005. NSP will use the additional resources tomeet increased retail customer demand. NSP is seeking peaking,intermediate and base-load resources. The RFP is open to allsources of power, including renewable resources. NSP will selectwinning proposals based on cost, environmental impact and deliveryguarantees. Before awarding the contract(s), NSP will submit theevaluation of the proposals to the Minnesota Public UtilitiesCommission (MPUC) for review. For a copy of the RFP or moreinformation, contact David L. Zuck at (612) 330-6452. He also maybe reached via fax, (612) 330-5868, or e-mail,david.l.zuck@nspco.com.
TransCanada’s CEO Resigns, Reorganization Planned
After five years as head of one of Canada’s largest energy companies, George Watson submitted his resignation to TransCanada’s board of directors last week citing “personal reasons.” The resignation, which becomes effective July 31, comes just weeks before the company plans to announce a structural shake-up designed to support its strategic direction. No details of the reorganization are being divulged at this time, a company spokesman said.
TransCanada’s CEO Resigns
After five years as head of one of Canada’s largest energycompanies, George Watson submitted his resignation to TransCanada’sboard of directors last week citing “personal reasons.” Theresignation, which becomes effective July 31, comes just weeksbefore the company plans to announce a structural shake-up,designed to support its strategic direction. No details of thereorganization are being divulged at this time, a company spokesmansaid.
Industry Briefs
Conoco yesterday held its first meeting of stockholders in 18years following the company’s record-setting $4.4 billion initialpublic offering in October 1998, that launched Conoco’s eventualseparation from DuPont. Conoco CEO Archie Dunham said the finalsplit-off from DuPont is expected to occur in the third quarter ofthis year when DuPont will offer its shareholders the opportunityto exchange DuPont shares for Conoco shares.
Industry Briefs
Industrial consumption of natural gas increased 3.3% annually inthe eight years between 1985 and 1992, according to an in-depthanalysis of industrial energy demand by the Gas Research Institute.The increase, which was nearly twice the rate of competing fuels,”was largely due to a 28% increase in gas used for industrialheating and power, including a significant expansion ofcogeneration systems in the paper, chemical and petroleumindustries,” GRI said. The report, “The Implications of the Changesin Industrial Energy Demand 1985-1992 (GRI-99/0030), also analyzesindustrial energy consumption data nationally, regionally and byindustry. “The report looks in detail at changes in product mix,processes and energy use during the eight-year period for the sixmajor energy-intensive industries – food, paper chemical, petroleumrefining, primary metals, and stone, clay and glass, and the twomost rapidly growing, but less energy-intensive industries, rubberand metal durables,” said Marie Lihn, GRI project manager. “Thedata can provide real insight into potential future energyconsumption in each of these key industrial sectors.” To ordercopies of the report, call Kelly Murray at 703-526-7832 (fax 7808)or e-mail at baseline@GRI.org. The report is $125 for GRI members,$175 for non-members, plus shipping and taxes.