Bangor Gas said it has started deliveries to Bucksport EnergyLLC located at International Paper’s paper mill in Bucksport, ME.Under a 15-year contract with Hydro Quebec Energy Services, BangorGas will deliver 48 MMcf/d of gas to the new 174 MW cogen, whichwill produce power and steam for the mill. The plant is a jointventure between International Paper and Hydro Quebec. With the mainlateral to serve the plant now in place, Bangor Gas said it willfocus on developing a distribution system to serve residential andcommercial customers in Bucksport

Avista-STEAG LLC and NRG Energy Inc. have formed a partnershipto build, operate and manage a 633 MW natural gas fired merchantplant in Fort Bend County, outside of Houston. Avista-STEAG willretain 51% ownership in the Brazos Valley project, with NRG owning49%. Construction will begin in early 2001, with commercialoperation expected in January 2003. STEAG is Germany’s leadingindependent power producer. Avista is headquartered in Spokane, WAand NRG is headquartered in Minneapolis.

EnerMark Income Fund has announced a friendly takeover of CabreExploration Ltd. of Calgary under which EnerMark will make an offerof 3.25 trust units and one warrant to purchase an EnerMark trustunit until Dec. 15, 2001 at a price of $4.71 per unit per commonshare of Cabre. The offer, which has the support of both boards,does not include a value for the Vanguard shares, which are to bedistributed to Cabre shareholders before closing. The offerpresents a 33.7% premium over the closing price Nov. 3 of Cabre of$11.60, and the aggregate value of the offer is $350 million. J.Douglas Kay, Cabre’s CEO, said the deal will enhance shareholdervalue, and Cabre’s “extensive exploratory assets can be readilymonetized with third parties seeking farm-in opportunities.”

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