Northwest Natural Gas Co. reported that the Oregon PublicUtility Commission (OPUC), in an order issued Nov. 12, authorized anet revenue increase from NW Natural’s Oregon operations of $0.2million/year. The revenue increase will come from rate increasesaveraging about 1.3% for Oregon residential customers, partiallyoffset by rate decreases for certain commercial and largeindustrial customers.
Topic / NGI All News Access
SubscribeNGI All News Access
Articles from NGI All News Access
BGE Shaking it Up For Deregulation
With Baltimore Gas and Electric Co.’s (BGE) deregulationsettlement in hand, parent Constellation Energy Group isanticipating the transfer of BGE non-nuclear generating plants andmaking organizational changes.
Great River, Minnesota Power Joining Assets
Great River Energy of Elk River, MN, and Minnesota Power Inc. ofDuluth, MN, plan to combine power supply assets and customer loadsfor power pool operations. MPEX, a division of Minnesota Power,will provide power trading, least-cost supply and risk managementservices for the combined operations. Ownership of existing assetsand customer supply arrangements will not change.
Scana, Powertel Jointly Target GA Customers
SCANA Energy and affiliate Powertel, Inc., one of the largestwireless PCS telecommunications providers in the Southeast,announced plans to jointly market their services at 30 kiosklocations in Kroger grocery stores in Greater Atlanta, Macon,Augusta and Savannah beginning today. Powertel will provide thepersonnel for the kiosks locations, which were built and installedby SCANA. Customers will soon be able to sign up for Powertel andSCANA services, make bill payments and receive information on otherservices while shopping at Kroger.
Transportation Notes
Northwest lifted Tuesday an entitlement for undertakes north ofKemmerer (WY) Station that had begun a week earlier (see Daily GPI, Nov. 10). Although linepack has returned toan acceptable level, the pipeline said, Jackson Prairie storage”remains virtually full with approximately 300,000 [dekatherms] ofavailable physical capacity.” Northwest is not authorizing anyimbalance paybacks until further notice.
Warm Weather Depressing Cash Market Again
Prices failed to maintain the upward momentum that had begun theweek, slipping lower by a nickel to a dime at nearly all pointsTuesday. Traders were unable to ignore the cumulative negativedemand effect of more than 40 cities setting all-time hightemperature records for the month of November over the previousweek. And although one marketer said the screen had little bearingon day-to-day cash pricing, the nickel-plus drop in futuresprovided no support for cash.
Weather and Storage Play Havoc on Futures Prices
Still reeling from a “devastating” weather picture the naturalgas futures market gapped lower on the open yesterday and continuedlower as traders added to short positions. By slipping 7.3 cents to$2.451 the December contract came perilously close to breakingthrough the lowest level of any spot contract since summer lowswere put in. The January contract, meanwhile, fared even worse,dropping 8.5 cents to finish at $2.596.
Independence, MarketLink Get Environmental Nod
The proposed Independence Pipeline and MarketLink expansion -the two most controversial pipeline projects pending before FERC -have won final environmental clearance, which virtually cinchestheir approval at the Commission. Last March FERC assured sponsorsit would act on these two projects, as well as the proposedMillennium Pipeline, during its fall session. Both Independence andMarketLink are on the docket for FERC’s regular meeting next week.
Chilly Northeast Leads Recovery From Weekend Declines
The cash market made a strong rebound Monday from the weekend’sprice plunge as nearly every point rose by 15 cents or more. Inmost cases the gains did not recover all of the price territorythat had been lost Friday. However, the Northeast—one of the fewregions seeing any weather close to resemblingwinter —didmanage to make up for just about all of Friday’s citygate declines.
Futures Resume Downturn; Friday’s Gains Erased
Warm weather forecasts and the large separation between cash andfutures prices spoiled the nice rally futures traders had goinglate last week. Prices opened down a nickel, made slight gains andthen slid the rest of the day. After opening at $2.600, Decemberposted a mid-day high at $2.635 and then collapsed to a low of$2.520. It settled down 12.5 cents at $2.524. January lost 10.7cents to settle at $2.681, and February slipped 8.5 cents to endthe day at $2.640/MMBtu.