Companies

NRG Strengthens Northeast Power Base

Consistent with both companies’ strategies for the future, NRGEnergy Inc. announced it would pay $325 million to Wisconsin EnergyCorp. for two Connecticut coal-fired power stations. NRG said theacquisition would help it maintain and develop a “top-threeposition in the Northeast,” while Wisconsin Energy said it wouldfocus its energy projects in the Midwest.

December 28, 2000

Powder River Bottleneck Not Seen Impacting 1Q

If the Wyoming Department of Environmental Quality slows downthe permit approval process for companies eager to begin coal bedmethane projects in the state, the largest producers already thereare expected to have no trouble meeting their drilling schedulesthrough at least the first quarter of 2001. Anticipating thehearings, many had already moved proposed drilling projects for2001 through the regulatory process.

December 11, 2000

Wyoming DEQ Approves 4 Pennaco Permits

Despite warnings to companies that it was slowing the process togrant water discharge permits for coalbed methane projects, theWyoming Department of Environmental Quality has issued four waterdischarge permits for Pennaco Energy Co.’s House Creek Project. Allwere approved following a 30-day public notice period.

December 8, 2000

Powder River Bottleneck Not Seen Impacting 1Q

If the Wyoming Department of Environmental Quality slows downthe permit approval process for companies eager to begin coal bedmethane projects in the state, the largest producers already thereare expected to have no trouble meeting their drilling schedulesthrough at least the first quarter of 2001. Anticipating thehearings, many had already moved proposed drilling projects for2001 through the regulatory process.

December 6, 2000

Texas Watchdog: More Pipeline Oversight Needed

The industry-friendly Texas Railroad Commission would do abetter job of determining the fees the energy companies pay intothe state’s Oilfield Cleanup Fund — but it needs to beef up itsrole in regulating pipelines — according to a report by the TexasSunset Advisory Commission. Some of the criticisms noted areexpected to be corrected in pending proposals at TRC.

December 4, 2000

CP&L/Florida Progress Receive Final Approval

Carolina Power and Light Energy (CP&L) realized its goallast week of becoming one of the 10 largest energy companies in thenation as its acquisition of Florida Progress Corp. (FPC) receivedthe final regulatory approval it needed from the Securities andExchange Commission.

December 4, 2000

Texas Watchdog: More Pipeline Oversight Needed

The industry-friendly Texas Railroad Commission would do abetter job of determining the fees the energy companies pay intothe state’s Oilfield Cleanup Fund — but it needs to beef up itsrole in regulating pipelines — according to a report by the TexasSunset Advisory Commission. Some of the criticisms noted areexpected to be corrected in pending proposals at TRC.

December 1, 2000

CP&L/Florida Progress Receive Final Approval

Carolina Power and Light Energy (CP&L) realized its goalMonday of becoming one of the 10 largest energy companies in thenation as its acquisition of Florida Progress Corp. (FPC) receivedthe final approval necessary from the Securities and ExchangeCommission.

November 29, 2000

Shell Forms Sales Pact with Essential.com

Shell Energy will be selling gas to Georgia retail customersthrough Essential.com, according to a partnership the two companiesannounced yesterday. Essential.com already provides a one-stop shopfor a broad range of energy and communications services.

November 17, 2000

Industry Brief

Skipping Stone Inc., based in Houston, has introduced e-Complete,an e-commerce development service for the energy industry that allowscompanies to establish a strategy, design an e-commerce system basedupon the strategy and launch a Web site. CEO Peter Wiegand saide-Complete is available only from Skipping Stone, which is anindependent energy consulting firm. See the Web site atwww.skippingstone.com for more information.

November 15, 2000