Conoco yesterday held its first meeting of stockholders in 18years following the company’s record-setting $4.4 billion initialpublic offering in October 1998, that launched Conoco’s eventualseparation from DuPont. Conoco CEO Archie Dunham said the finalsplit-off from DuPont is expected to occur in the third quarter ofthis year when DuPont will offer its shareholders the opportunityto exchange DuPont shares for Conoco shares.

South Carolina Pipeline, a subsidiary of Scana Corp., started anopen season May 10 for the Carolinas Pipeline project, a proposedinterstate natural gas pipeline that will supply gas service tocustomers in South Carolina and North Carolina. The CarolinasPipeline, which is projected to cost $153 million, will encompassthe majority of South Carolina Pipeline’s existing system, whichwould convert to an interstate pipeline and could be extended fromMarlboro County an additional 30-40 miles to Pembroke, NC, or toother points in North Carolina as the market demands. Plans are toprovide service from Gastonia through Greensboro, Durham andRaleigh to Wilmington. Firm transportation service is expected tocost 15-30 cents/Dth, based on a straight-fixed variable ratedesign methodology. Actual rates will be determined by marketdevelopments, terms of agreements and cost of construction. Theopen season will conclude June 30. SCPC plans to file its FERCapplication by the end of this year, with construction slated for2001 and an in-service date of first quarter 2002. For detailscontact Sam Dozier, vice president of customer service, at (803)217-6457.

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