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Alliance Pipeline Project declared it has come of age within itspeer group of Canadian natural gas transporters with a symbolicshuffle in its executive suite. Dennis Cornelson was replaced asAlliance president by the organization’s chairman since 1997,Norman Gish. Cornelson, a specialist in project and businessdevelopment rather than corporate administration, had said allalong he expected to leave when Alliance matured into atransportation company. The Alliance board of directors describedGish as an ideal choice. His industry experience has been as asenior executive of Canadian oil and gas-field service andproduction companies, the sector that launched Alliance againstfierce opposition by the pipeline establishment. He was presidentof North Canadian Oils, a leading gas production and marketinghouse when it was merged in 1993 into Norcen Energy Resources (nowthe Canadian arm of Union Pacific Resources). Gish also has arecord in other fields described as grooming him well for a role atthe helm of a pipeline. He has been a regulator, serving aschairman of the British Columbia Energy Commission in 1977-80. Hehas also been a professional diplomat. A lawyer, Gish started outas a trade commissioner, serving in Hong Kong and Ottawa in the1960s.

Key pieces of comprehensive legislation aimed at restructuringthe electric industry could very well come out of both the Houseand the Senate before lawmakers leave for recess in early August,Capitol Hill observers say.

Key pieces of comprehensive legislation aimed at restructuringthe electric industry could very well come out of both the Houseand the Senate before lawmakers leave for recess in early August,Capitol Hill observers say.

Something good did come out of the power market malfunctions oflast summer, according to Moody’s Investors Service. In a reportreleased yesterday, Moody’s said the experience has triggered a newcommitment to counterparty risk management by energy trading firmsthat will enhance credit quality in the energy sector and inspiregreater confidence in the market.

Oklahoma Corporation Commission (OCC) staff, ONEOK Inc. and itssubsidiaries Oklahoma Natural Gas (ONG) and Kansas Gas Service(KGS) reached negotiated settlement of a number of interim issueson rates, unbundling of assets and competitive bidding for gasservices. The stipulated agreement must still be approved by OCCcommissioners. Once that happens, it will hasten wholesale and thenretail unbundling in the state.

After three consecutive days marked by the bullish pattern ofhigher highs and higher lows, the futures market receded yesterdayon a wave of selling pressure by both commercial and local traders.June wilted into its daily close, tumbling 8.1 cents lower tofinish at $2.262.

Oklahoma Corporation Commission (OCC) staff, ONEOK Inc. and itssubsidiaries Oklahoma Natural Gas (ONG) and Kansas Gas Service(KGS) reached negotiated settlement of a number of interim issueson rates, unbundling of assets and competitive bidding for gasservices. The stipulated agreement must still be approved by OCCcommissioners. Once that happens, it will hasten wholesale and thenretail unbundling in the state.

Significant savings are increasingly hard to come by for large,multi-facility energy users even with the help of outside energyexperts, according to panelists last week discussing energymanagement outsourcing at NGI’s GasMart/Power ’99 in Dallas.

Significant savings are increasingly hard to come by for large,multi-facility energy users even when using outside energy expertsin the face of volatile commodity markets and increasing pressuresinside their companies to show significant returns on investments,according to panelists yesterday discussing energy managementoutsourcing Monday at GasMart/Power ’99 in Dallas.