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Crystal Oil Closes Petal Storage Deal

Crystal Oil Co. of Shreveport, LA, last week closed on itspreviously announced acquisition of Petal Gas Storage Co. Theacquisition of Petal will complement and provide synergies with thesalt dome storage facility already owned by Hattiesburg Gas StorageCo., a subsidiary of Crystal, and which is located less than onemile from the Petal facility. With the acquisition of Petal,Crystal’s subsidiaries will have more than 6.7 Bcf of gas storageworking capacity with the ability to deliver in excess of 670MMcf/d in this major corridor to the northeastern gas markets. JoeAverett, Crystal president, said the acquisition makes Crystal thelargest independent provider of salt cavern gas storage in the U.S.

March 16, 1998

Analyst Says Mexican Tariff Holds Up Pipes

The current North American Free Trade Agreement (NAFTA) tariffon gas imports into Mexico is holding up pipeline development fromthe U.S. to northern Mexico, said consultant George Baker of Baker&amp Associates.

March 16, 1998

FERC to Hold Conference on ISOs

FERC has scheduled a public conference for April 15-16 toexamine the future of ISOs in administering the electrictransmission grid on a regional basis. The Commission isconsidering whether policy changes are necessary “in order topromote competition and reliability in bulk power markets.”

March 16, 1998

Connecticut Yankee Nuke May Undergo Gas Conversion

The 580-MW Connecticut Yankee Atomic Power nuclear project inHaddam, CT, may be converted to burn natural gas if engineeringstudies now underway indicate such a conversion is feasible.

March 16, 1998

FERC: Tetco Expansion Fails Market Test

While some see FERC’s decision in the Granite State GasTransmission case last week as a major shift in its certificatepolicy, others believe the Commission’s dismissal of Texas EasternTransmission’s (Tetco) application to expand the capacity of itsLebanon Lateral reaffirmed that very policy.

March 16, 1998

Alliance Triggers Tribal Disputes

The proposed Alliance Pipeline ran into two potential stumblingblocks last week – aboriginal politics and the U.S. EnvironmentalProtection Agency – which are not necessarily related.

March 16, 1998

New, Efficient Engine Could Burn Natural Gas

Rolls-Royce has announced a new line of engines that may changethe face of distributed generation. Since 1994 the automotivecompany has been conducting research to design a new generator thatwill help propel the company into the major leagues for distributedgeneration around the world.

March 16, 1998

Wisconsin PSC Approves Voyageur Contracts

The Public Service Commission of Wisconsin approved gas supplyagreements between a coalition of state utilities and four Canadiansuppliers for up to 105 Bcf/year for five years to be deliveredthrough the proposed Viking Voyageur pipeline.

March 16, 1998

GRI Restructuring Settlement Okayed

Chief Administrative Law Judge Curtis L. Wagner last weekcertified to FERC for its approval the Gas Research Institute (GRI)funding settlement that sets the stage for its seven-year journeyto become a voluntary-funded organization.

March 16, 1998

Westcoast, IPL Square Off Over New Brunswick Distribution

After winning the contest to build the Maritimes &amp Northeastexport pipeline for natural gas produced offshore Nova Scotia(Sable Island), Westcoast Energy now has entered a contest with IPLsubsidiary Consumers Gas Energy to build gas distribution systemsin the Canadian Maritimes province of New Brunswick.

March 16, 1998