1999

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.

Southern California Gas Co.’s proposed restructuring plan hasbeen pushed aside by six new confidential alternatives becausecertain aspects of the utility’s plan have been deemedanticompetitive and have the potential to allow gaming at theTopock, AZ, receipt point, according to participants in settlementdiscussions taking place at a downtown Los Angeles hotel.

PG&E declared a system-wide OFO with a 7% tolerance with aStage I non-compliance charge of $1.00/Dth due to high inventoryfor the weekend.

The increase in prices is primarily attributable to increased demand for electric generation and storage injections.

Texas Eastern Transmission (Tetco) has asked FERC to schedule aconference to take a “hard look” at “viable alternatives” – notablythose using turned-back capacity – to the controversialIndependence-MarketLink pipeline projects and perhaps the proposedMillennium Pipeline.

After five years as head of one of Canada’s largest energy companies, George Watson submitted his resignation to TransCanada’s board of directors last week citing “personal reasons.” The resignation, which becomes effective July 31, comes just weeks before the company plans to announce a structural shake-up designed to support its strategic direction. No details of the reorganization are being divulged at this time, a company spokesman said.

With at least 800 MMcf/d and potentially more than 1 Bcf/d ofgas supply to sell, the Minerals Management Service (MMS) will be amajor force in the gas market come October when its Gulf of MexicoRoyalty In-Kind (RIK) pilot program begins. MMS’ total royaltyshare of Gulf production is 2.5 Bcf/d and it expects at least athird of that will be taken in kind by next spring.

Enron Corp. and the American Public Energy Agency (APEA), aNebraska-based tax-exempt financing conduit for public powerentities, have struck a unique $295 million deal to supply about 32MMcf/d over four years to four municipal electric utilities inCalifornia and Washington.

Enron Corp. and the American Public Energy Agency (APEA), aNebraska-based tax-exempt financing conduit for public powerentities, have struck a unique $295 million deal to supply about 32MMcf/d over four years to four municipal electric utilities inCalifornia and Washington.