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Enron Mail |
You probably could have predicted this given the fact that Calpine has
dropped plans for over $20B in capital projects. This should help prop up basis expectations for at least the near - long term. Congratulations! Jeff Sonoran Pipeline scrapped Kinder Morgan Energy Partners and Calpine said Friday they have dropped plans for a $1.7 billion, 1,160-mile gas pipeline from the San Juan Basin in northern New Mexico to California. "The Sonoran Pipeline was unable to secure sufficient binding commitments to make a successful project given market conditions," the companies said in a statement said. "Both KMP and Calpine will continue to evaluate other opportunities to serve the growing California market." But no firm plans were mentioned. Plans for the Sonoran Pipeline were announced last spring. Sponsors had called for a 750,000 Mcf/day system that could be expanded with compression to up to 1 Bcf/day. Jeffery C. Fawcett Vice President Sempra Fiber Links 440 Louisiana Street Suite 900 Houston, TX 77002 Houston Office: 713-236-7720 Houston Fax: 713-236-7721 San Diego Office: 619-696-4673 email: jfawcett@sempra.com
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