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Industry Briefs

Industry Briefs

Dominion Resources and Consolidated Natural Gas filed with the Federal Energy Regulatory Commission for approval of their previously announced merger plan. With yesterday's submission, the companies have completed all regulatory filings necessary for merger approval. The companies said in the joint filing that the merger plan satisfies requirements of Section 203 of the Federal Power Act. FERC must approve the transfer of the power marketing subsidiaries of CNG to Dominion Resources under Section 203. In addition to filing with FERC, the companies have completed merger filings with the U.S. Securities and Exchange Commission (SEC) and with public utility commissions in Virginia, North Carolina, Pennsylvania and West Virginia.

LG&E Power Inc. of Louisville, KY, a subsidiary of LG&E Energy Corp., said it will build a 450 MW gas-fired merchant power plant in Monroe, Ga., about 40 miles east of Atlanta. The project is expected to be completed by June 1, 2001. Pending all necessary permits, regulatory approvals and transmission agreements, site work will begin by first quarter 2000. Gas transportation will be provided by Transco Energy Co.

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