America

Allegheny Energy’s delivery business, Allegheny Power, plans to buy Mountaineer Gas Co. (MGC), a wholly owned subsidiary of Energy Corp. of America (ECA), for $323 million, including assumption of $100 million in debt. The deal would give Allegheny its second gas distribution system, assuming the previously announced plan to acquire UtiliCorp’s West Virginia Power division goes through.

Independent power company Calpine Corp. of San Jose, CA,completed its acquisition of 80% of Cogeneration Corp. of America’s(CGCA) common stock for about $146 million. The deal growsCalpine’s gas-fired power production by 20% to 2,476 net megawattsof capacity.

Allegheny Energy’s delivery business Allegheny Power plans tobuy Mountaineer Gas Co. (MGC), a wholly owned subsidiary of EnergyCorp. of America (ECA), for $323 million, including assumption of$100 million in debt. The deal would give Allegheny its second gasdistribution system, assuming the previously announced plan toacquire UtiliCorp’s West Virginia Power division goes through.

Natural Gas Pipeline Co. of America’s (NGPL) interpretation of aNovember order addressing its auctioning practices was dead wrong,FERC said last week in denying the pipeline’s request forrehearing.

Independent power company Calpine Corp. of San Jose, CA,completed its acquisition of 80% Cogeneration Corp. of America’s(CGCA) common stock for about $146 million. The deal growsCalpine’s gas-fired power production by 20% to 2,476 net megawattsof capacity.

Alliance Pipeline, the largest initial pipeline project in NorthAmerica, is on track to begin service on its scheduled date of Oct.1, 2000, the project’s CEO said last week. All of the constructiongoals for 1999 have been met and currently 77% of the mainline hasbeen installed.

Alliance Pipeline, the largest initial pipeline project in NorthAmerica, is on track to begin service on its scheduled date of Oct.1, the project’s CEO said yesterday. All of the construction goalsfor 1999 have been met and currently 77% of the mainline has beeninstalled.

Producers and marketers have asked FERC to send Natural GasPipeline Co. of America (NGPL) back to the drawing board to makethe changes to its auction tariff procedures that were ordered bythe Commission.

A large negotiated rate contract between Northern Natural andits affiliated Enron North America Corp. made it through FERC lastweek, but not without a promise of further regulatory scrutiny.FERC accepted the deal, which covers about one-third of Northern’sfirm space, on the condition that the pipeline submit a detailedexplanation of how the various pricing options work. The follow-upreview is based largely on a protest filed by Northern shipper GPMGas.