Daily GPI

Houston’s Enterprise Products Partners L.P. has purchasedAcadian Gas LLC’s extensive southern Louisiana assets, whichinclude 1,000-plus miles of pipeline, more than 1 Bcf/d of capacityand a leased natural gas storage facility with 3.4 Bcf of capacityfrom Coral Energy LLC for $226 million in cash. Coral Energy, alsobased in Houston, is an affiliate of Shell Oil Co.

Advancing its reputation as one of the more innovative pipelinesin the industry when it comes to ratemaking, Reliant Energy GasTransmission (REGT) submitted a rate filing with FERC that willgive customers an ‘in-kind’ balancing option. The plan is part ofto its Automatic Nomination Service (ANS), a ‘just-in-time’ supplymanagement service.

Florida Power & Light is having to do a delicate balancingact to minimize the impact of high gas and oil prices onresidential customers.

Sempra Energy Chairman and CEO Stephen Baum has called on stateregulators to award electric generation greater priority in theinterruptible queue so its gas supply won’t be among the first tobe cut during extreme cold-spells and in emergency situations.

Illinois Power, now a subsidiary of leading marketer DynegyCorp., is changing its game plan, telling regulators it wants todrop out of the more conservative Midwest Independent SystemOperator (MISO) to join the Alliance Regional Transmission Operator(Alliance RTO).

Aquila Energy has won a five-year weather hedge contract toserve the Sacramento Municipal Utility District, a move designed toprotect the California utility from the combined effects of lowprecipitation and the wide swings in electricity prices now facedby other communities in the state.

In its first major power sale from its still unfinished merchantenergy plant in Arizona, Calpine Corp. has entered into a five-yearpower sales agreement with the Imperial Irrigation District todeliver 150 MW of electricity from its South Point Energy Center tothe district’s Southern California customers beginning in May 2002.

FERC issued a favorable environmental assessment on Central NewYork Oil & Gas Co.’s (CNYOG) Stagecoach Natural Gas StorageFacility, which is to be located near Binghamton, NY.

Nymex Chairman Daniel Rappaport last week sent a letter to Rep.Larry Combest, Chairman of the House Committee on Agriculture,raising concern over a subsection of H.R. 4541, the “CommodityFutures Modernization Act of 2000,” which would exempt electronicenergy derivatives trading from regulatory oversight.