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BP further has cemented its position as the top natural gasproducer in North America by acquiring the outstanding minorityinterest in Houston-based independent producer Vastar ResourcesInc.

BP further cemented its position as the top natural gas producerin North America last week when it acquired the outstandingminority interest in Houston-based independent producer VastarResources Inc.

Houston-based Adams Resources & Energy, Inc. is expandingits natural gas business, setting up a downstream office inProvidence, RI to market to industrial and commercial customers.

To help expand its Canadian business, Houston’s El Paso EnergyCorp. has formed a strategic affiliation with The Enerplus Group,one of Canada’s oldest and largest managers of public and privateoil and gas income funds, which manages assets of more than $1billion. The Enerplus Group includes the EnerMark Income Fund, theEnerplus Resources Fund and several private pension resourcecorporations.

Add a few letters, along with a few major acquisitions, and”Dynegy” is quickly becoming “Dynamo” in the power generatingbusiness. Last week, the Houston company said it was buying twoupstate New York fossil fuel power plants for $903 million, adding1,700 MW of electricity to its portfolio, but more important,increasing its geographic impact on the generation marketnationwide.

Add a few letters, along with a few major acquisitions, and”Dynegy” is quickly becoming “Dynamo” in the power generatingbusiness. Yesterday, the Houston company said it was buying twoupstate New York fossil fuel power plants for $903 million, adding1,700 MW of electricity to its portfolio, but more important,increasing its geographic impact on the generation marketnationwide.

The Pennsylvania, New Jersey and Maryland (PJM) Independent System Operator (ISO) has received approval for transmission facilities to interconnect more than 40 new power generating stations to the grid. In a meeting last week, PJM’s board of managers approved the remaining elements of what is the first coordinated regional transmission expansion under the PJM ISO structure.

With between $50 million and $100 million in spending money inits first year of operation, Pacific Venture Capital LLC, a companylaunched last week by PG&E Corp., plans to build and manage aportfolio of capital investments in growing energy andtelecommunications companies.

With between $50 million and $100 million in spending money inits first year of operation, Pacific Venture Capital LLC, a companylaunched yesterday by PG&E Corp., plans to build and manage aportfolio of capital investments in growing energy andtelecommunications companies.