Thunder Creek Gas Services LLC, a joint venture of KN Energy andDevon Energy, has completed construction on a major new gatheringtrunkline designed to meet the expanding production in Wyoming’sPowder River Basin, which is being touted as the “most active”coal-bed methane play in the nation.
NGI The Weekly Gas Market Report
Articles from NGI The Weekly Gas Market Report
WI Landowners Join ANR in Fighting Guardian
A group of Wisconsin landowners is seeking to join ANR Pipeline in its fight against Wisconsin Gas and its Guardian Pipeline project.
Cinergy Cries Force Majeure On Power Deliveries
Slightly more than one year after Midwest power prices spiked to$7,500/MWh from $25/MWh, causing suppliers to default on contracts,companies to go out of business and federal regulators to concludeit was a one-time anomaly, the power market did it again.
Internet Sites Serving Marketers, Customers
For those seeking to sell energy in a competitive environment,it’s a happy coincidence widespread consumer use of the Internethas come about at the same time deregulation of gas and powerunfolds. Several Internet sites have been established to simplifyshopping for consumers and reduce the cost to marketers of reachingsales prospects.
Internet Problems Disrupt Altrade Gas Trading
An IBM Internet outage that affected many western and Canadiancustomers last week temporarily cut off access to Altrade’selectronic gas trading system Thursday afternoon costing thecompany and its customers at least 5 Bcf/d in trading volume duringa peak bidweek trading period.
Oxy Pondering Sale of CanadianOxy Shares
Occidental Petroleum Corp. of Los Angeles is reviewing itsinvestment in Canadian Occidental Petroleum Ltd. and consideringall options, the company said. Oxy’s investment in CanadianOxy ofCalgary dates back to 1971, and Occidental currently owns 40.2million shares, or about 29%, of the company’s outstanding commonshares.
FGT Takes Lead in Race To Serve Generation Market
Florida Gas Transmission (FGT) pulled ahead in the crowded race to serve the expanding gas-fired power generation market in the Florida peninsula when FERC last week issued a favorable preliminary determination on the non-environmental aspects of its Phase IV mainline expansion project.
FERC Tries to Wean AGL Off of Waivers
Fearing the potential side effects of waivers on the interstatemarket, FERC last week decided to give Atlanta Gas Light (AGL) onlya short-term extension of its waivers to Commission regulations topreserve the “status quo” of retail gas unbundling in Georgia whileit explores other non-waiver solutions for utilities.
AGL Income Hit by Sales Customer Exodus
While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas Lightcustomers have chosen alternate suppliers.
ScottishPower, PacifiCorp Merger Nears Finish Line
ScottishPower PLC and PacifiCorp announced they have brokered asettlement in principle with the staff of the Oregon Public UtilityCommission (OPUC) that essentially clears the way for the firstacquisition by a foreign company of a U.S. power utility.