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El Paso Exits NrG Partnership

July 6, 1998
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El Paso Exits NrG Partnership

El Paso Energy sold its 25% interest in NrG Information Services to NrG's remaining partners, NOVA Gas Transmission., TransCanada PipeLines, and Westcoast Energy. "This decision allows El Paso Energy to continue focusing on its core businesses, including natural gas transmission, gas gathering and processing, energy marketing, and international project development," said Graciela E. Martinez, El Paso vice president.

NrG is an electronic service for arranging transportation on Iroquois Gas Transmission, NOVA Gas Transmission, TransCanada Pipelines, and Westcoast Energy. The partnership change follows several months of restructuring at NrG. The company is focusing on computer software products and services for existing pipeline customers and their shippers.

"The change in ownership does not affect our commitment to our customers or to our continued product development," said Peter Krenkel, president of Calgary-based NrG. "NrG's restructured, leaner organization is moving forward with product enhancements and new Web developments...."

Joe Fisher, Houston

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