To the surprise of absolutely no one, cash prices plunged acrossthe board Tuesday. It was an easy call to make considering theresidual effect of Monday afternoon’s steep screen dive and warmingweather trends that are likely to get even warmer next week,sources said.
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Dynegy, Illinova Make It Official
Dynegy and Illinova completed their merger to create a newcompany, called Dynegy, with market capitalization of more than $10billion. The company has interests in power plants with more than14,000 MW of domestic generating capacity, average worldwide gassales of more than 10 Bcf/d and more than 1.4 million retailcustomers. The combined company has more than $12 billion in assetsand $22 billion in projected annual revenues from energy operationsthroughout North America and Europe.
Left at the Altar, Southwest Goes to Court
Southwest Gas Corp. has sued Oneok, Inc. and Southern Union Co.following what it called “Oneok’s unjustified attempt to cancel themerger agreement between it and Southwest Gas.”
Northern Accused of ‘End-Run’ Around FERC
Shippers on the Northern Natural Gas system called on FERC toreject the pipeline’s latest tariff proposal because they say ittries to pass off index-based rates as “discounted” rates ratherthan negotiated rates.
Enron-El Paso Deal Could Mute Competition to CA
Fearing an end to pipeline competition in California, thestate’s regulators and Indicated Shippers have called on FERC tosummarily reject the three transportation agreements by which EnronNorth America Corp. has contracted for 1.25 Bcf/d of unsubscribedfirm capacity on El Paso Natural Gas.
Enron-El Paso Deal Could Mute Competition to CA
Fearing an end to pipeline competition in California, thestate’s regulators and Indicated Shippers have called on FERC tosummarily reject the three transportation agreements by which EnronNorth America Corp. has contracted for 1.25 Bcf/d of unsubscribedfirm capacity on El Paso Natural Gas.
INGAA: Power Bill Should Be Modeled After Gas Reforms
A major interstate pipeline group last week called on key Senateand House energy lawmakers to “move early in the new year” oncomprehensive legislation to restructure the electricity industry,and to mirror it after the reforms in the natural gas industry.
Power Bill Should Be Modeled After Gas Reforms: INGAA
A major interstate pipeline group has called on the Senate to”move early in the new year” on comprehensive legislation torestructure the electricity industry, and to mirror it after thereforms in the natural gas industry.
Alaska Urges FTC to OK BP Amoco-Arco Deal
Alaska Gov. Tony Knowles last week called on a hesitant FederalTrade Commission (FTC) to swiftly approve BP Amoco’s proposedacquisition of Atlantic Richfield Co. (Arco), which has beenstalled at the agency due to antitrust concerns.
Alaska Urges FTC to OK BP Amoco-Arco Deal
Alaska Gov. Tony Knowles last week called on a hesitant FederalTrade Commission (FTC) to swiftly approve BP Amoco’s proposedacquisition of Atlantic Richfield Co. (Arco), which has beenstalled at the agency due to antitrust concerns.