Companies

Alberta Energy Co. Ltd. wants to buy or lease another U.S.natural gas storage facility, but is remaining mum on what regionit is targeting and which companies it may be negotiating with. CEOGwyn Morgan would only say last week that his company isnegotiating to buy a storage unit for less than C$100 million, andhopes to complete the deal before year’s end.

Alberta Energy Co. Ltd. wants to buy or lease another U.S. natural gas storage facility, but is remaining mum on what region it is targeting and which companies it may be negotiating with. CEO Gwyn Morgan would only say last week that his company is negotiating to buy a storage unit for less than C$100 million, and hopes to complete the deal before year’s end.

A stable of some of the leading energy companies have partnered up to form TradeSpark, an electronic marketplace powered by developer eSpeed Inc., that will offer natural gas, electricity, coal, weather derivatives and emissions credits through the Internet, private enterprise or via voice brokers beginning this week.

Pipeline companies are having a hard time keeping up with therapidly growing coal-bed methane production in the Powder RiverBasin. Coastal Corp.’s Wyoming Interstate Company just put itsMedicine Bow lateral into service last November and the companyalready is filing plans for a second expansion, which will addanother 675,000 Dth/d of firm capacity, bringing the total to morethan 1 Bcf/d.

Pipeline companies are having a hard time keeping up with therapidly growing coal-bed methane production in the Powder RiverBasin. Coastal Corp.’s Wyoming Interstate Company just put itsMedicine Bow lateral into service last November and the companyalready is filing plans for a second expansion, which will addanother 675,000 Dth/d of firm capacity, bringing the total to morethan 1 Bcf/d.

A stable of some of the leading energy companies have partneredup to form TradeSpark, an electronic marketplace powered bydeveloper eSpeed Inc., that will offer natural gas, electricity,coal, weather derivatives and emissions credits through theInternet, private enterprise or via voice brokers beginning Oct. 2.

From coast to coast, utilities and local distribution companies(LDCs) are preparing for the peak natural gas-usage season thiswinter by filing rate hikes with regulators, and bracing theircustomers for inflated gas prices that are still to come.

From coast to coast, utilities and local distribution companies(LDCs) are preparing for the peak natural gas-usage season thiswinter by filing rate hikes with regulators, and bracing theircustomers for inflated gas prices that are still to come.

News Flash! Energy companies can be fun too. Such is the caseinvolving Williams employees, who according to the company, willattempt to complete the largest money raising bike ride fundraiserin the United States. Some 80 cyclists will embark on a relay-style2,000 mile journey departing from New York City on Sept. 25 andarriving at Williams Tower in Houston on Oct. 3. In the secondannual “Williams’ 2000 Riding The Line” fundraiser, each rider willcover approximately 60 to 70 miles a day, roughly tracing the pathof the company’s Transco natural gas pipeline andtelecommunications network. The fundraiser hopes to raise $5million for United Way, which if successful will be the singlelargest event in the charity’s 110-year history. The team raisedmore than $2 million dollars in the ride’s inaugural year.