PP&L Inc. named John Cotter vice president-energy marketing& trading. Cotter, who has more than 20 years of experience inthe marketing and trading of electricity, gas and oil, has servedas senior vice president-marketing for PP&L EnergyPlus,PP&L Inc.’s electricity sales subsidiary. He replaces MichaelT. Steffes, who last week resigned from PP&L, Inc. to pursueother interests. Cotter has been serving in the PP&L EnergyPlussenior vice president position since October.
Archive / Author
SubscribeNGI Staff Reports
Articles from NGI Staff Reports
Transportation Notes
ANR notified interruptible storage customers under the DDS andMBS rate schedules that they will be limited to zero net injectionsduring the Sept. 1-Oct. 31 period. Injections will be allowed intoDDS/MBS accounts only if the customer withdraws an equal or greateramount of gas prior to Nov. 1.
August 30, 1999
Independents Dominate Lackluster Lease Sale
If the results of last week’s Gulf of Mexico lease sale are any indication, the federal government is now feeling the effects of weak commodity prices and industry consolidation.
August 30, 1999
Calpine Flexes Its M&A Muscles; Buys Cogeneration Corp., Sheridan
Calpine Corp. jumped into the center of the energy industryM&A activity last week, as it made bids to purchase Houston,TX-based Sheridan Energy and acquire 80% of Cogeneration Corp. ofAmerica (CGCA). Both mergers are expected to be completed by theend of the year.
August 30, 1999
CP&L Buying Florida Power Parent
Fresh from a deal annexing its first natural gas assets, Carolina Power & Light Co. (CP&L) plans to grow considerably by acquiring Florida Progress Corp., parent of Florida Power, for $5.3 billion.
August 30, 1999
Production Deficit Driving Spot Prices
Analysts are escalating their spot gas price forecasts but it’snot the oft-cited storage fill that’s driving them.
August 30, 1999
TransCanada To Auction Capacity
The first fruit has fallen from the new Canadian tree ofcompetition among natural gas transporters, as TransCanadaPipeLines prepares to auction spare capacity that is developing onits system.
August 30, 1999
Go Back to Drawing Board on OCS NOPR, FERC Told
Neither the interstate pipelines nor gas producers wereparticularly enamored with FERC’s latest attempt to create a morebalanced, lighter-handed system for regulating gas pipelines on theOuter Continental Shelf (OCS). They both agree the Commission fellshort of its goal in the July proposed rulemaking.
August 30, 1999
KN, Kinder Morgan Deal on Track for 4thQ Completion
The proposed marriage of KN Energy Inc. and Kinder Morgan Inc.has passed federal antitrust review and has been verbally approvedby Colorado regulators, which puts the deal on track to becompleted in the early fourth quarter, the companies said.
August 30, 1999
Kinder Morgan to Move Aux Sable Liquids
Kinder Morgan Energy Partners LP will provide pipelinetransportation services for Aux Sable Liquid Products LP in theChicago area for liquids from Alliance Pipeline. Aux Sable isconstructing natural gas liquids (NGL) extraction and fractionationfacilities in Channahon, IL, about two miles east of KinderMorgan’s Morris, IL, liquids pipeline, storage and truck loadingfacility. Aux Sable’s facilities will initially process up to 1.6Bcf/d from Alliance and remove from the gas stream up to 40,000barrels of ethane, 19,000 barrels of propane, 8,000 barrels ofbutane (both normal butane and isobutane) and 3,000 barrels ofnatural gasoline. The facilities are targeted for completion byOct. 1, 2000.
August 30, 1999