IntercontinentalExchange, founded earlier this year by leadingU.S. and European financial institutions and energy and naturalresource firms, has chosen IXnet, a Global Crossing, Ltd. company,to fully manage its global transaction network. IXnet is thedeveloper of an intelligent, high-performance global Extranetdesigned principally for the financial services community.IntercontinentalExchange is scheduled to begin trading preciousmetals in August, with OTC energy products, including natural gas,slated for Q4. The exchange’s partners include American ElectricPower, Aquila Energy, BP Amoco, Deutsche Bank AG, Duke Energy, ElPaso Energy, Goldman Sachs, Morgan Stanley Dean Witter, ReliantEnergy, Royal Dutch/Shell Group, SG Investment Banking, SouthernCompany Energy Marketing, Totalfina Elf, and Continental PowerExchange

AEC Suffield received approval from the National Energy Board(NEB) to construct and operate a natural gas pipeline fromsoutheastern Alberta to southwestern Saskatchewan. The 16-inchpipeline will travel approximately 60 miles from just west of theSuffield Military Training Block to its tie-in with thepre-existing AEC Suffield meter station, which connects withTransCanada Pipeline Limited’s system near Burstall, SK. The $22.3million project will have a capacity of 190 MMcf/d and is expectedto be in operation on Nov. 1, 2000.

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