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Cinergy Corp. yesterday reported that its non-regulated affiliate, Cinergy Capital & Trading, is in the process of adding almost 1,000 MW of electricity to its generating portfolio in the southeastern United States through an acquisition of two of Enron North America’s power plants.

Cinergy Corp. yesterday reported that its non-regulatedaffiliate, Cinergy Capital & Trading, is in the process ofadding almost 1,000 MW of electricity to its generating portfolioin the southeastern United States through an acquisition of two ofEnron North America’s power plants.

In almost a carbon copy of Monday’s session, natural gas priceserupted higherTuesday morning only to spend much of the remainderof the session checking lower as traders took profits amidintra-day technical weakness and storage uncertainty. Ending athree-day, $1.25 dollar price rally, the January contract slipped4.9 cents to close at $7.384. Meanwhile, the 12-month strip tumbledconvincingly, down 13.6 cents to $5.555.

Almost five months after Procter & Gamble (P&G)announced it intended to use EnergyGateway.com’s natural gasmarketplace to acquire gas supply for all of its manufacturingfacilities in the United States and Canada, the branded companylabeled its online experience a success.

After being on the divestiture road for almost a year andshedding $3 billion worth of non-core assets, TransCanada PipeLinesLtd., reported that its first nine months of 2000 and third quartershowed progress over the equivalent time periods of 1999. Netearnings before asset sales and long-term natural gas contractlosses were $433 million ($0.91 per share) for the first ninemonths of 2000, compared to $402 million ($0.86 per share) duringthe same period last year. The company attributed the 8% increaseto higher income from the power and gas marketing businesses aswell as reduced financial and preferred equity charges. Beforeadding special items, the company posted third quarter net earningsof $151 million ($0.32 per share), compared to $141 million ($0.30per share) for the third quarter of 1999.Deliveries of natural gason the Canadian Mainline and the BC system were approximately thesame for the first nine months of 2000 and 1999. The CanadianMainline delivered about 7.3 Bcf/d for both periods, while the BCsystem delivered approximately 1.1 Bcf/d. The Alberta system didexperience a decline. For the first nine months of 2000 itdelivered an average of 12.2 Bcf/d, compared with the same periodduring 1999 when it delivered 12.4 Bcf/d. Marketing also stumbled abit, as the company marketed about 6.1 Bcf/d for the first ninemonths of 2000, compared to 6.6 Bcf/d for the first nine months of1999. TransCanada took a beating on some long-term natural gascontracts it had entered into to support various pipelineinvestments and other business initiatives. Due to growing naturalgas demand in Alberta, and excess pipeline capacity leaving theprovince, the price differential between the Western CanadaSedimentary Basin and eastern market areas continued to shrink.TransCanada was forced to enter into third party arrangements tocrystallize the negative value of its long term natural gascontracts and the company reported taking a $124 million after-taxcharge associated with the losses.

Almost a month and a half after being excommunicated fromColumbia Gas of Ohio’s Customer Choice program for failure todeliver gas to its customers in August, Ohio marketer Energy Maxhas found itself at the epicenter of a complaint lodged by the OhioConsumers Council (OCC) in the interests of the marketer’scustomers.

Almost a month and a half after being kicked out of Columbia Gas of Ohio’s Customer Choice program for failure to deliver gas to its customers in August, Ohio marketer Energy Max has found itself at the epicenter of a complaint lodged by the Ohio Consumers Council (OCC) in the interests of the marketer’s customers.

Almost four months after its scheduled date, Maine Natural Gas(MNG), a joint venture between the CMP Group and Energy East, begandelivery of natural gas yesterday to Calpine Corp.’s new 540 MWelectric generating facility located in Westbrook, ME. The companyalso began supplying the University of Southern Maine (USM) andparts of Gorham, ME.

Electric restructuring is almost a reality for Ohio consumersstatewide as American Electric Power’s (AEP) transition plan andMonongahela Power’s plan were approved by the Public UtilitiesCommission of Ohio. AEP’s and Monongahela’s Ohio customers will nowjoin the customers of the other three utilities in enjoying thefreedom of choosing their electricity supplier, with servicestarting as early as Jan. 1.