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Bulk

Conoco’s Canadian Play Continues

Conoco Inc.’s Canadian midstream arm, Conoco Canada Limited,said last week it has acquired the bulk of Petro-Canada’s naturalgas liquids (NGL) business, including the fifth largest natural gasprocessing plant in North America, for an undisclosed sum. Closingon the purchase is scheduled to be completed in the second quarterof 2000.

March 6, 2000

Conoco’s Canadian Play Continues

Conoco Inc.’s Canadian midstream arm, Conoco Canada Limited,said yesterday it has acquired the bulk of Petro-Canada’s naturalgas liquids (NGL) business, including the fifth largest natural gasprocessing plant in North America, for an undisclosed sum. Closingon the purchase is scheduled to be completed in the second quarterof 2000.

March 3, 2000

Industrials Bear the Brunt of SoCal’s Capacity Costs

In an $88.1 million switch, California regulators last weekdecided to reallocate the bulk of Southern California Gas Co.’s$161.8 million in 1997 step-down charges paid to El Paso NaturalGas and Transwestern interstate pipelines serving southernCalifornia from the mass regulated consumers to large industrial(noncore) customers. SoCalGas maintains that the buy-out eventuallywill save its customers between $320 and $525 million.

November 8, 1999

CP&L Buying Florida Power Parent

Carolina Power & Light Co. (CP&L) would bulk upconsiderably with its planned acquisition, announced yesterday, ofFlorida Progress Corp., parent of Florida Power, for $5.3 billion.The combined company would be worth about $17 billion and serve 2.7million customers, nearly 200,000 of them gas. It also would be thenation’s ninth-largest energy utility based on generating capacityof more than 18,500 megawatts.

August 24, 1999
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