Public Service Co. of Colorado and Cheyenne (WY) Light Fuel& Power will implement Operational Balancing Procedures in allareas effective Saturday and Sunday. The effect is to requireshippers to cut nominations to a level that does not exceedestimated daily consumption taken from a previous “Model Day” (inthis case July 4, 1999). Imbalance paybacks will not be allowedduring the OBP period.
El Paso will hold several meetings in mid-August to explain theRight of First Refusal posting it will make in early September tooffer the 1.3 Bcf/d of capacity now held by Dynegy. The meetings arescheduled for Aug. 16 in Los Angeles; Aug. 17 in San Francisco;Aug. 18 in Phoenix; Aug. 19 in Dallas; and Aug. 20 in Houston. Thoseplanning to attend are asked to RSVP to Lisa Holmes at (915) 496-2568or via e-mail (firstname.lastname@example.org). Dynegyacquired the capacity, which had been turned back by Pacific Gas &Electric, for the 1998-99 period in a controversial procedure thatstill remains the subject of contention (see Daily GPI, May 7, May 12and May 20).
Sonat’s cumulative system cash-out imbalance is growing longerrapidly. Wednesday the pipeline estimated the long position at1,406,078 Dth as of July 12, more than three times as much as a weekpreviously (see Daily GPI, July 9).
Storm damage has rendered El Paso’s IDELHI2 interconnect at Wahainoperable until further notice. However, minimal impact isexpected since “very little gas” has been scheduled through thepoint thus far this year, El Paso said
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