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2004

Dynegy Puts Restructuring Before Growth Through 2004

Dynegy Inc. CEO Bruce Williamson told shareholders Thursday that even though the company had a successful first quarter, it has to focus on restructuring before considering any growth opportunities. First, he said, will be refinancing debt due in 2005, which will be completed before anything else is considered.

June 6, 2003

IDACORP to Half Trading Staff by 2004 — 60 Jobs to be Cut

The energy merchant sector took another hit Friday, after Boise-based IDACORP Inc. announced plans to wind down its power marketing business and cut in half its 120-member trading staff in the next year and a half. The decision was made to reaffirm “its commitment to maintain a strong investment credit rating.” IDACORP’s news mirrored announcements by Aquila Inc. to close its Merchant Services unit on Tuesday, and Dynegy Corp.’s decision to stop online trading on Wednesday (see Daily GPI, June 19; June 21).

November 6, 2002

Methanex Extends Medicine Hat Shutdown, Expands in Trinidad

Despite the drop in natural gas prices, Vancouver-based Methanex said Tuesday that the shutdown of its 470,000 tons/year Medicine Hat, AB facility, which uses natural gas in its methanol production, has been extended for an “indeterminate period” because of the plant’s “current non-competitive cost structure.” However, Methanex said it would move ahead on construction of a new facility in Trinidad, which it said will be less costly to operate.

August 30, 2001

Newport Generation Plans 1,300 MW Plant

Newport Generation Inc. last Monday said it plans to build a 1,300 MW power plant in Rathdrum, ID, 32 miles northeast of Spokane, WA.

April 23, 2001

Newport Generation Plans 1,300 MW Plant

Newport Generation Inc. yesterday said it plans to build a 1,300 MW power plant in Rathdrum, ID, 32 miles northeast of Spokane, Wash.

April 17, 2001

Shareholder Return Tops Chevron’s List

In an effort to achieve the best shareholder return among oil majors from 2000 to 2004, Chevron Chairman Ken Derr and Chairman-elect Dave O’Reilly told security analysts last week the company plans to increase worldwide oil and gas production at an annual growth rate of 4 to 4.5%.

November 22, 1999

Shareholder Return Tops Chevron’s List

In an effort to achieve the best shareholder return among oilmajors from 2000 to 2004, Chevron Chairman Ken Derr andChairman-elect Dave O’Reilly told security analysts yesterday thecompany plans to increase worldwide oil and gas production at anannual growth rate of 4 to 4.5%.

November 19, 1999
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