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Gov. Strikes Deal with Cal Edison

With the shadow of one major utility’s bankruptcy barely cast, California Gov. Gray Davis late Monday announced a “memorandum of agreement” with the state’s other major financially wounded investor-owned utility, Southern California Edison Co. in which the state will purchase the Edison transmission grid assets in return for a way out of its credit crunch and back to solvency.

April 10, 2001

Bush’s Cabinet Appointments Cast 1,000 Points of Light on Next Energy Policy

Just what can the energy industry expect to encounter underincoming President-elect George W. Bush’s administration? Theformer Midland, TX, oilman, paired with former Halliburton CEO DickCheney, appears to be more open to new exploration and production.Add to that Bush’s recent Cabinet picks, and it beams a thousandpoints of light on what industry may expect in the next four years.

January 8, 2001

Bulls Regain Control, Boost Futures 12%

Buoyed by private forecasts that cast doubt on governmentforecasts calling for a warm up, along with several constructivetechnical features, natural gas futures erupted higher yesterdaymorning as weak shorts exited their newly acquired positions. TheFebruary contract finished 77.7 cents higher on the day at $8.966after reaching a high at $9.189.

January 5, 2001

Cabinet Appointments Cast 1,000 Points of Light

Just what can the energy industry expect to encounter underincoming President-elect George W. Bush’s administration? Theformer Midland, TX, oilman, paired with former Halliburton CEO DickCheney, appears to be more open to new exploration and production.Add to that Bush’s recent Cabinet picks, and it beams a thousandpoints of light on what industry may expect in the next four years.

January 5, 2001

CA’s Electricity Drama Has Growing Cast; New Venue

As California kept its string of Stage One and Two power alertsgoing Thursday, the plot in its now six-month-old drama thickenedwith an endless array of actors and subplots. Without a break forintermission, the spotlight shifts to FERC today and what itsaction might bring in settling the chaotic western wholesaleelectricity market.

December 15, 2000

NiSource-Columbia Deal May Jeopardize Millennium

Events over the past year at the Federal Energy RegulatoryCommission have cast a dark cloud over the fate of the $650 millionMillennium Pipeline project, but that cloud got a lot darker lastweek. NiSource’s announcement that it is buying Columbia EnergyGroup, Millennium’s lead sponsor, for $6 billion with $2.5 billionin debt assumption, may have all but killed the pipeline project.

March 6, 2000

NiSource-Columbia Deal May Jeopardize Millennium

Events over the past year at the Federal Energy RegulatoryCommission have cast a dark cloud over the fate of the $650 millionMillennium Pipeline project, but that cloud got a lot darker lastweek. NiSource’s announcement that it is buying Columbia EnergyGroup, Millennium’s lead sponsor, for $6 billion with $2.5 billionin debt assumption, may have all but killed the pipeline project.

March 6, 2000

Oil Dominance Wanes; Clean Gas Takes the Lead

The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.

February 16, 1999

Oil Dominance Wanes as Clean Gas Takes the Lead

The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.

February 15, 1999

Court Ruling May Cast Shadow Over El Paso Settlement

The D.C. Circuit Court of Appeals has remanded an orderapproving the El Paso Natural Gas rate settlement for furtherreview, citing as its reason FERC’s refusal to give SouthernCalifornia Edison (Edison) the opportunity to challenge theagreement based on its status as an indirect customer of thepipeline.

December 21, 1998
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