Transportation 2001 P

08/10/2001 -- ISO New England may avoid power outages today
Thunderstorms and local power distribution outages interrupting service in Boston may provide enough demand relief for the New England Independent System Operator to get through the day without rolling blackouts. Continued hot and humid weather, more power plant outages, and reduced imports mean another very difficult day for ISO New England.
08/09/2001 -- Northeast scrambles to find extra power
The Northeast scrambled for every available spare megawatt Thursday as electricity consumption records continued to fall. Thursday, the PJM Interconnection LLC, the grid operator for the mid-Atlantic states, issued a request at 11:20 a.m. EDT to purchase emergency energy. PJM's said its ability to import from the West could be limited by external transmission congestion and asked for emergency bids from the North, if the energy is available.
08/08/2001 -- Williams plans 10 bcf gas storage facility in Louisiana
Williams, Tulsa, has leased underground storage salt caverns in LaFourche Parish, La., that it intends to develop into a 10 bcf gas storage facility in phases over the next 5 years. Williams entered into the agreement with brine provider Texas Brine Co. for the Chacahoula salt caverns 10 miles southwest of Thidobaux.
08/08/2001 -- EIA cuts oil demand forecast for 2001
The US Energy Information Administration cut its forecast for world oil demand growth this year to 1 million b/d for 2001 from its previously predicted 1.2 million b/d. But the agency said in its monthly assessment of world energy markets that demand will not be as weak as some have forecast.
08/07/2001 -- DOE, governors to examine power infrastructure issues
The Bush administration and the National Governors Association Tuesday formed a task force headed by Sec. of Energy Spencer Abraham and Michigan Gov. John Engler to examine electricity infrastructure issues. The task force will look into current state and federal policies and make recommendations in three areas, DOE said.
08/07/2001 -- Ecuador and Peru revive crude oil pipeline talks
Ecuador and Peru resumed talks on the possibility of linking their crude oil pipeline systems. Canada's Alberta Energy Co. Ltd. completed a prefeasibility study earlier this year financed through the Canadian-Peruvian binational energy and mines technical committee.
08/07/2001 -- Heat keeps power tight on East Coast
With the continuing heat wave on the East Coast, grid system operators called for conservation and warned of extremely tight power conditions continuing for several more days. New York, New England, and the PJM Interconnection area are suffering from hot humid weather causing these grid operators to issue calls for voluntary conservation.
08/06/2001 -- With Texas power prices hitting $500, investigation possible
Texas electricity prices Monday gyrated between $1/Mw-hr and $500/Mw-hr, but the price swing was relatively mild compared to the $15,000/Mw-hr price set in the real time market during 1 hr Friday. Texas regulators said the price run ups are too high and warned the market warrants investigation, if prices don't settle down soon.
08/06/2001 -- Petrobras awards $136 million in contracts to Stolt Offshore
Petroleo Brasileiro SA (Petrobras) extended its current contract 1 year and awarded a new 4-year contract for the deepwater pipelay vessel Seaway Condor, operated by Stolt Offshore SA of Sunbury-on-Thames, Middlesex, UK, officials said Monday.
08/06/2001 -- Egypt, Libya form oil and gas pipeline firm
After more than 5 years of negotiations, Egypt and Libya agreed to form a $100 million firm, the Arab Co. for Oil & Gas Pipelines (Al-Tayoub), to transport crude to Egypt and natural gas to Libya.
08/06/2001 -- Seven Heads consortium begins drilling
A consortium began drilling in the Seven Heads prospect off Ireland, said operator Ramco Energy PLC, Aberdeen. Ireland converted the group's licensing option to a lease. Ramco said its interest in the Seven Heads project increased to 49% from 37.5%, because of expenditures it made during the licensing option phase.
08/03/2001 -- California PUC expands shipping choice for intrastate gas customers
The California Public Utilities Commission adopted a new tariff August 2 that would allow Southern California Gas Co. (SoCal) customers more flexibility in choosing gas transportation suppliers. A new so-called "peaking" rate applies only to customers who use a different interstate pipeline for base load service and then use SoCal to provide peak gas needs.
08/03/2001 -- Seneca Lake Storage plans gas storage facility in Reading, NY
Seneca Lake Storage Inc. plans to develop a high-deliverability natural gas storage facility in depleted salt caverns in Reading, NY. Seneca Lake is a wholly owned subsidiary of Energy East Enterprises Corp., Albany, NY.
08/02/2001 -- Electric Power news briefs, Aug. 2
Canadian Hydro Developers Inc. ... American Electric Power Co. Inc. ... Buckeye Power Inc. ... CMS Energy Corp. ... Calpine Corp. ... Pavilion Technologies Inc. ... KFx Inc. ... Peoples Energy Corp. ... Electric City Corp. ... Kern River Gas Transmission Co. ... Midwest Independent Transmission System Operator Inc.
08/02/2001 -- CNRL says Ladyfern area well in British Columbia can produce 100 MMcfd
Canadian Natural Resources Ltd., Calgary, said a recently drilled well in the Ladyfern area of British Columbia is capable of producing more than 100 MMcfd from the Slave Point formation. CNRL said the well is similar in productive capability to another tested in May at 150 MMcfd.
08/01/2001 -- Tax dispute halts planning for gas pipeline across Timor Sea
Phillips Petroleum Co. said Tuesday it and its partners have postponed indefinitely a decision to build a gas pipeline from Bayu-Undan field in the Timor Sea to Darwin, Australia. East Timor representatives wanted to increase taxes to recoup a 127% refund of exploration and development expenses.
07/31/2001 -- Williams reports second quarter net of $339.5 million
Williams, Tulsa, said all its energy businesses performed within expectations for the quarter, yielding second quarter net income of $339.5 million on revenue of $2.8 billion. For the same quarter in 2000, Williams and its subsidiaries reported net income of $351.8 million on revenue of $2.3 billion.
07/31/2001 -- Atmos to acquire storage and pipeline facilities in Kentucky
Atmos Energy Corp., Dallas, has agreed to acquire storage and associated pipeline facilities in Kentucky from Kentucky Pipeline & Storage Co. Inc. for $13 million. The deal is subject to approval from the Kentucky Public Service Commission.
07/31/2001 -- Earnings up, Entergy bearish on power prices
Utility holding company Entergy Corp. Tuesday reported second quarter profits rose on the strength of its nuclear power plants' and trading venture's performance, beating Wall Street estimates. Top executives also indicated they have turned bearish on power prices because of pent up coal capacity and climbing reserve margins in most regions of the country.
07/31/2001 -- US fuel economy study sidesteps auto mileage recommendations
The US National Academy of Sciences Monday said the fuel efficiency program for passenger vehicles must be updated to reflect improved auto technology and to reduce US reliance on foreign oil. But the report did not offer specific fuel economy recommendations.

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