The Maine Public Utilities Commission is allowing several gasdistribution companies to compete to provide new service tomultiple areas in the state. The commission approved, subject tocertain conditions, the formation of CMP Natural Gas by CentralMaine Power and Energy East Corporation (parent company of New YorkState Electric & Gas) last week and gave it authorization toplan gas distribution services in the Augusta, Waterville, Bangor,Windham, Bethel, Bath/Brunswick and the southern coastal areas, allof which would be receiving gas service for the first time.
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TransCanada PipeLines Limited and NOVA Corp. last week completedtheir merger, the largest ever undertaken by energy companies inCanada. The new TransCanada PipeLines Limited and NOVA Corp. begantrading in Canada July 3. Trading began in the United StatesMonday.
The Gas Research Institute rolled out the first line of targetedresearch offerings, in which companies can gain proprietary accessto technical solutions by forming a partnership with GRI andproduct manufacturers. It is GRI’s first step into the commercialworld where research is determined by market need.
More than 70% of gas consumed could be bought from suppliersother than local distribution companies under current and proposedLDC transportation programs, according to the American GasAssociation (AGA). But the choice option still is heavily weightedtoward large customers.
Energy Pacific launched a new energy service called Power ChoiceCalifornia, which will help companies make electricity buyingdecisions in a restructured marketplace. The company launched theservice through a pilot with Hewlett-Packard earlier this year andwill begin marketing the service in April. “We’re finding that manycustomers just don’t know where to begin when asking energyproviders for price quotes, or even what their energy options are,”said Eric Nelson, president of Energy Pacific, an unregulated jointventure of Pacific Enterprises and Enova Corp.
MCNIC Pipeline & Processing, a subsidiary of MCN EnergyGroup, and American Central Gas Companies, have formed apartnership to own and operate a gas gathering system in theCarthage field of East Texas. MCNIC Pipeline & Processing has a40% interest, and American Central holds 60%.
Six energy companies agreed to form Tri-States NGL Pipeline tobuild a natural gas liquids (NGL) pipeline from Alabama andMississippi to Louisiana fractionators. The line will link threegas processing plants under construction to new and expandedfractionators on the Mississippi River.
Union Pacific Resources Group (UPR) closed on its acquisition ofNorcen Energy Resources. The companies’ boards approved the dealJan. 26. UPR initiated a tender offer for the 51.5% of Norcen’s stock not owned or controlled by Noranda Inc., a shareholder of49.5% Norcen common stock.