Berlin

Berlin, CT-based Yankee Gas Services said it is moving forward on a proposed 1.2 Bcf peak shaving liquefied natural gas (LNG) facility, which will be located at the company’s Eagle Street work center in Waterbury’s south end. The state Department of Public Utility Control approved the facility and Yankee has awarded the construction contract to a subsidiary of Chicago Bridge & Iron (CB&I).

Berlin, CT-based Yankee Gas plans to break ground in spring 2004 on what it bills as the largest project ever undertaken by the natural gas utility — an estimated $53 million liquefied natural gas (LNG) storage facility.

Berlin, CT-based Yankee Gas plans to break ground in spring 2004 on what it bills as the largest project ever undertaken by the natural gas utility — an estimated $53 million liquefied natural gas (LNG) storage facility.

Mirant said it has completed the sale of its 44.8% ownership stake in Bewag, a Berlin-based utility to the Vattenfall group for $1.63 billion. Mirant received more than $1 billion in net proceeds after repayment of $600 million in debt associated with its Bewag investment. “Consistent with our announced business plan, this sale is yet another step in strengthening Mirant’s balance sheet and improving its liquidity,” said CEO Marce Fuller. “Other asset sales continue to be pursued by Mirant.”

The gas futures market toppled its Berlin Wall last week, atechnical downtrend that has confined trading since December 1996.A number of fundamental factors, including tightening supply,peaking cooling demand and some very significant technicalindicators, conspired to boost the near month contract up 34.1cents to $2.528/MMBtu and the 12 month strip up 19 cents to $2.61from the previous Friday.

The gas futures market toppled its Berlin Wall last week, atechnical downtrend that has confined trading since December 1996.A number of fundamental factors, including tightening supply andpeaking cooling demand, and some very significant technicalindicators conspired to boost the near month contract up 34.1 centsto $2.528/MMBtu and the 12 month strip up 19 cents to $2.60 fromthe previous Friday.

Aurora Natural Gas of Dallas sold its New England retailbusiness to Select Energy of Berlin, CT, for $26 million. Select isa wholly owned subsidiary of Northeast Utilities.