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PP&L Inks Major Power Marketing Deal with ENE

PP&L, Inc., a subsidiary of Allentown, PA-based PP&LResources, said it expects to sign an agreement to providewholesale electric power marketing, trading and risk-managementservices on a “round- the-clock” basis to Energy New England LLC,an energy cooperative organization formed to provide energy andrelated services to public power entities in New England. ENErepresents about 700 MW of peak load and 850 MW of energy supply.It is the largest wholesale aggregator of public power system loadand generation assets in the New England region.

January 7, 1999

Sempra Granted Mexican Permit

Mexico’s Comisi¢n Reguladora de Energ¡a (CRE) granted a permitto Transportadora de Gas Natural de Baja California, a subsidiarycompany of U.S.-based Sempra Energy International, for transportinggas to the Presidente Jurez thermoelectric station in Rosarito,Baja California. Enova and Pacific Enterprises won the bid calledfor gas to supply the generating station. The projected 30-inchdiameter pipeline will span 23 miles and is designed to operatewith a compression capacity of 810 MMcf/d and operative capacity of270 MMcf/d.

January 5, 1999

California Looks at Next Step in Electric Deregulation

As part of a broad-based statewide investigation the first halfof 1999, California will explore possibilities for opening upelectricity distribution to competition as an extension of thestate’s ongoing energy industry restructuring. Potential impact onthe natural gas industry will be part of the investigation orderedearlier this month by the California Public Utilities Commission.

December 28, 1998

California Explores Competiton in Distribution

As part of broad-based statewide investigation the first half of1999, California will explore possibilities for opening upelectricity distribution to competition as an extension of thestate’s ongoing energy industry restructuring. Potential impact onthe natural gas industry will be part of the investigation orderedearlier this month by the California Public Utilities Commission.

December 24, 1998

NYMEX, London Exchange Discuss Merger

The International Petroleum Exchange (IPE), based in London,accepted an offer from NYMEX last week to look into a possiblemerger, which would create a “single global energy exchange.” Anagreement to join the exchanges would affect companies which sellcommodities internationally in both markets. The domestic gasmarkets in both countries, however, would see little impact.

November 23, 1998

FERC Freezes Florida’s Move Into Maine

The New England electric market is getting crowded, so crowdedthat a Florida-based utility poised to move into that market now istrying to get out of an $846 million deal to purchase Mainegenerating assets.

November 23, 1998

Anadarko Joins 3Q Blues Singers

Same story, different company. That summarizes third quarterresults reported recently by Anadarko Petroleum. Like everyoneelse, Anadarko suffered from lower gas and oil prices last quarter,and the hurt shows plainly in its financials.

November 4, 1998

Parker Drilling, Superior Energy Services Merge

Tulsa-based Parker Drilling Company with worldwide drillingoperations, and Superior Energy Services, which provides servicesin the Gulf of Mexico, have announced a definitive agreement tomerge in a transaction valued at approximately $168 million.

October 30, 1998

Energy Journalist Billy Thompson Dies

Billy G. Thompson, editor and publisher of the Austin-basednewsletter Texas Energy Week (TEn W), died at his home on Oct. 17,1998. He was 80.

October 26, 1998

RDI Tallies Gas-Fired Power Growth

In a new analysis of power demand growth, Colorado-basedResource Data International (RDI) projects slightly over 186,000 MWof primarily gas-fired electric generating capacity will have to beadded by 2010 nationwide to meet burgeoning demand and to replaceretiring nuclear and non-nuclear capacity. The cost approaches $90billion.

October 19, 1998