323 lines
13 KiB
Plaintext
323 lines
13 KiB
Plaintext
Message-ID: <4491033.1075855476236.JavaMail.evans@thyme>
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Date: Fri, 3 Nov 2000 22:50:00 -0800 (PST)
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From: enerfax1@bellsouth.net
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To: enerfaxweb@egroups.com
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Subject: Enerfax Daily's free web version of gas & power prices and info
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Enerfax Daily-Power and Gas Prices & Info
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Mime-Version: 1.0
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Content-Type: text/plain; charset=ANSI_X3.4-1968
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Content-Transfer-Encoding: 7bit
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X-From: "Enerfax Energy" <enerfax1@bellsouth.net>
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X-To: <enerfaxweb@egroups.com>
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X-cc:
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X-bcc:
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X-Folder: \Frank_Ermis_Dec2000\Notes Folders\All documents
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X-Origin: Ermis-F
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X-FileName: fermis.nsf
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?
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Subject: Click and go to http://www.enerfax.com if can not view properly.htm
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
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[IMAGE]
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[IMAGE]
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Click here for a daily email link
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Enerfax Daily
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page ? -? November 3, 2000? -? ? Need a Past Issue
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-Click Here
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page ? -? November 3, 2000
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[IMAGE]
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back up above $5.00 maybe as early as next week. Natural gas for next day
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delivery was up across the US and Canada yesterday as the cash market
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followed the futures rally. Natural gas for next day delivery at the Henry
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hub rose $0.11 to $4.47 per MMBtu. Cash prices have fallen to a sharp
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discount to futures, as heating demand is expected to increase in December.
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[IMAGE]
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Columbia Pays for Imbalances
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Columbia Gas Transmission and Columbia Gulf Transmission will have to pay
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$27.5 million after an investigation by FERC into natural gas imbalance
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transactions. In the order, FERC approved a stipulation and consent
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agreement that directed the pipelines to compensate customers that were
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excluded from an arrangement that allowed shippers to generate revenue
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through seasonal price fluctuations.
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[IMAGE]
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[IMAGE]
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[IMAGE]
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[IMAGE]
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page 5? -? November 3, 2000
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[IMAGE]
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NEB Releases Energy Market? Assessment
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? ?The National Energy Board has released its latest in a series of Energy
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Market Assessment? reports entitled Canadian Natural Gas Market Dynamics and
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Pricing. The report identifies the factors that affect natural gas prices
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and describes the current functioning of the regional gas markets in
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Canada. The Board's report concludes that Canada has become part of an
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integrated North American natural gas market. Natural gas can be bought from
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many supply sources and delivered to any market centre through an extensive
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North American pipeline grid. With the increased integration of the markets,
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regional supply and demand forces are felt throughout the marketplace. It
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also says that a combination of strong economic growth in North America, a
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preference for natural gas fired electricity generation, and low natural
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gas prices led to sustained growth in demand throughout the 1990s. However,
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the growth in natural gas supply has lagged during the last few
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years. This is primarily attributable to the low oil price environment of
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1997/1998 which reduced cash flow for the producing sector. In turn,
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drilling activity decreased throughout North America. Since demand growth
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has outpaced supply growth, natural gas prices have increased significantly
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over the last year. With oil prices recovering sharply in 1999/2000, the
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producing sector has responded and drilling activity is at high levels.
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Despite the drilling activity, there is a lag between developing additional
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gas supplies and connecting those supplies to the market. In time, there
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will be a supply and demand response and accompanying relief in natural gas
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prices is expected. A period of market adjustment is necessary any time the
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dynamic between supply, transportation and demand is significantly changed.
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It is difficult, if not impossible, to predict with certainty any movements
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in the commodity markets. The Report found that recent increases in the
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commodity
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[IMAGE]
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[IMAGE]
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Enerfax Daily? -? Page 6? -? November 3, 2000
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[IMAGE]
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Enerfax Daily? -? Page 7? -? November 3, 2000
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[IMAGE]
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Transco SouthCoast Expansion in Service
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? ? Williams has placed its SouthCoast Expansion project into service,
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increasing capacity on the Transco pipeline system by 204,099 dekatherms per
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day to provide additional firm transportation capacity to serve markets in
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Alabama and Georgia. The $108 million expansion loops 44 miles of 48, 42,
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and 24-inch pipeline in Alabama and Georgia and adds 31,500 horsepower of
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compression at compressor stations in Rockford, AL and Newnan, GA. The new
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facilities increase capacity on Transco's mainline from Station 85 in
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Butler, AL to mainline delivery points in Zone
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[IMAGE]
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Financial Summary
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[IMAGE]
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")} TC
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[IMAGE]
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