Capital

El Paso, Marathon Consider Scotian Pipe to NYC Market

A simultaneous blend of production capacity and capital dollars, tossed together with significant growth in electric generation, created the perfect “aligning of the planets” to finally make a serious go at building a subsea natural gas pipeline from Nova Scotia to the northeast United States, with a possible end point of New York City, said one of the executives involved in the planning.

May 7, 2001

New Pipeline Services Line Up to Serve Southeast

Pipeline construction season has officially begun as two natural gas pipeline companies formally announced on Tuesday their new proposed projects for the Southeastern region’s gas needs. As Southern Natural Gas Co. unveiled its intentions to expand its Sonat system for the third time in the last year to supply incremental demand in Alabama, Georgia and South Carolina, Duke Energy Gas Transmission (DEGT) launched a month-long open season to determine market interest in a new natural gas supply and transportation option called the Alabama-Georgia Energy System.

May 2, 2001

Black Hills Energy Adds Generating Projects

Black Hills Energy Capital, Inc., the independent powersubsidiary of Black Hills Corp., says it has signed a definitiveagreement to purchase a 240 MW gas-fired turbine generationfacility located near Colorado Springs, CO, from Enron NorthAmerica.

March 12, 2001

Industry Briefs

To strengthen its capital structure before an anticipated spinoff this year, Tulsa-based Williams Communications exchanged assetsfor shares of stock with its parent company Williams yesterday. Inthe agreement, Williams received 24.3 million common shares ofWilliams Communications, bringing its total ownership to 420million shares, or 86% of the outstanding stock. In return forequity, Williams Communications will purchase its outstandingpromissory note from Williams and acquire the 15-story,750,000-square-foot Williams Technology Center, scheduled forcompletion this summer adjacent to Williams’ headquarters in Tulsa.

March 1, 2001

Black Hills: Coal is Back

Black Hills Energy Capital Inc., the independent powersubsidiary of Black Hills Corp. announced it has initiated thepermitting process to build a coal-fired electric generatingfacility capable of up to 500 MW adjoining its other generatingplants near Gillette, WY.

February 27, 2001

Cinergy Acquires 1,000 MW From Enron

Cinergy Corp. yesterday reported that its non-regulated affiliate, Cinergy Capital & Trading, is in the process of adding almost 1,000 MW of electricity to its generating portfolio in the southeastern United States through an acquisition of two of Enron North America’s power plants.

December 18, 2000

Industry Briefs

Avista Advantage, a subsidiary of Avista Corp., has completed aninvestment agreement for an undisclosed amount with Wayne, PA-basedEnerTech Capital Partners to help refine, expand and market theSpokane, WA-based company’s suite of facility cost managementservice offerings. The agreement completes Avista Advantage’s firstround of private equity financing. Gary G. Ely, Avista Corp.’sacting CEO, said the agreement “will focus new attention on thisimportant market segment, and create new value growth opportunitiesfor both companies.” EnerTech, one of the Safeguard Scientificsfunds, is based in Wayne, PA. It specializes in companies poisedfor growth through deregulation, targeting the convergence of theenergy, utility and telecommunications industries.

November 3, 2000

Hebert Says FERC Ruling ‘Coddles’ New York ISO

The FERC majority’s ruling rejecting Morgan Stanley CapitalGroup Inc.’s efforts to participate in bidding in the New York bulkpower market “coddles” the New York Independent System Operator(NYISO), Commissioner Curt Hebert Jr. said last week.

October 16, 2000

Alliant Invests $10 Million in Venture Fund

Alliant Energy Resources Inc. has dropped a $10 millioninvestment into Nth Power Technologies Fund II, LP, a venturecapital fund that invests in emerging opportunities fromrestructuring in the energy industry both domestically andinternationally.

August 23, 2000

Industry Briefs:

PricewaterhouseCoopers and Landmark Graphics Corp. agreedyesterday to jointly market and implement capital allocation andperformance management software applications for the oil and gasindustry. The agreement will provide the oil and gas industry withautomated tracking services, and the ability to better manageshareholder value and related information. “With the globallandscape of oil and gas companies in continuous change, we areextremely excited about the opportunities our work with LandmarkGraphics will bring to the industry,” said Michael Olszewski,consulting managing partner of PricewaterhouseCoopers NorthAmerican Petroleum Practice. PricewaterhouseCoopers’ Global Energy& Mining Group serves more than 3,000 oil and gas companiesworldwide with problem solving and risk management. Landmark, awholly owned subsidiary of Halliburton Co., supplies integratedE&P technical and economic software and services for the oiland gas industry. Both are headquartered in Houston.

June 13, 2000