NGC Corp. announced it is reorganizing its marketing and tradingoperations to reflect continued convergence of the gas and powerindustries and to “meet growing and different customer demands fora single source supplier.” In particular, the company announcedplans to combine the trading functions of Natural Gas Clearinghouseand 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 willbe better able to achieve efficiencies and synergies that willresult in enhanced service for customers,” said Stephen W.Bergstrom, senior vice president of NGC Corp. and president of bothsubsidiaries. “Additionally, through the establishment of a unit tomanage the downstream liquids business, we believe we can improvethe value of this business.”

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

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