NGI The Weekly Gas Market Report / NGI All News Access

NGC Reorganizes Trading, Marketing Operations

June 1, 1998
/ Print
| Share More
/ Text Size+

NGC Reorganizes Trading, Marketing Operations

NGC Corp. announced it is reorganizing its marketing and trading operations to reflect continued convergence of the gas and power industries and to "meet growing and different customer demands for a single source supplier." In particular, the company announced plans to combine the trading functions of Natural Gas Clearinghouse and Electric Clearinghouse, its gas and power marketing operations, and to make its gas liquids business a separate enterprise.

"By combining the electric and gas trading operations, NGC will be better able to achieve efficiencies and synergies that will result in enhanced service for customers," said Stephen W. Bergstrom, senior vice president of NGC Corp. and president of both subsidiaries. "Additionally, through the establishment of a unit to manage the downstream liquids business, we believe we can improve the value of this business."

Joel M. Staib has been appointed president of the energy trading division. Matthew K. Schatzman has been named president of energy marketing and origination, and Mark J. Stubbe has been named president of a new liquids marketing division. Rocco Canonica

©Copyright 1998 Intelligence Press, Inc. All rights reserved. The preceding news report may not be republished or redistributed in whole or in part without prior written consent of Intelligence Press, Inc.

ISSN © 2577-9877 | ISSN © 1532-1266
Comments powered by Disqus