Henry Hub delivery point still under force majeure, no power yet

Houston (Platts)--3Oct2005

Entering its third week of force majeure conditions since Hurricane Rita
struck the US Gulf Coast, a Sabine Pipe Line spokesman said Monday that its
Henry Hub delivery point in Vermilion Parish, Louisiana, is still without
power. 
     The spokesman said the main complex, which houses most of the buildings,
pipelines, and compressor stations had been drained of water late last week,
but a timetable for when restoration of electricity services will happen
remains elusive.
     "Entergy continues to work on draining the power substations leading to
the Henry Hub and power them up. [Entergy] has given no timeframe on when that
process will be completed," he said.   
     Henry Hub is a key delivery point that interconnects with nine interstate
and four intrastate pipelines that serve markets in throughout the South,
Midwest, mid-Atlantic and Northeast regions. The Henry Hub daily and monthly
price indexes are widely used as benchmarks in both the physical and financial
gas markets.
                                     --Tom Castleman, tom_castleman@platts.com

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