Word: paso
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...frenzy? Mainly a natural gas producer, Aztec supplies several major pipeline companies, including El Paso and Southern Union. Anticipating deregulation of gas prices, which now seems close (the Senate has passed a bill), the company allowed some of its supply contracts to expire and then bargained to get the highest price possible. Aztec thus 1) positioned itself to cash in on its large untapped gas reserves in New Mexico when prices go up, and 2) put itself a giant step ahead of competitors who are locked into long-term contracts and must deliver at current prices for a while even...
...proposal, developed by the Alaskan subsidiary of the El Paso Co. of Texas, is aimed at keeping the gas under American control. The company would build an 809-mile-long pipeline from the North Slope to the Gulf of Alaska, closely paralleling the now half-completed trans-Alaska oil pipeline...
...consortium of 19 American and Canadian pipeline, oil and utility companies, would bring the gas to U.S. markets entirely overland through 5,450 miles of lines from the North Slope through Canada. Although the $9 billion Arctic Gas plan would cost about $1.2 billion more than the El Paso system, it would also apparently be simpler to operate. Unlike the El Paso proposal, it would require no fleet of special-purpose tankers, no liquefication and deliquefication plants and no complex reshuffling of regional gas supply patterns...
Political Decision. So far, neither proposal appears to have a clear edge over the other, though the Federal Power Commission is studying both schemes carefully before it grants one a transmission permit next December. Although El Paso's system would be slightly less expensive to build, it could use more energy in transportation and cost more to operate than Arctic Gas's scheme. Similarly, defense and environmental considerations roughly balance out for the two projects. In fact the critical question-whether to cross Canada -will probably be decided not by the FPC's impartial analysis...
...Dixon '47 a hard-drinking Texan who has flown from El Paso for the game remains puzzled: he is convinced he has seen Bateman before, playing under a different name for either UTEP or Paul Quinn College in Waco...