Confirmed

Lehman Bros. U.S. Gas Production Has Turned the Corner

Lehman Brothers confirmed Friday that beneath the hefty first quarter earnings for oil and gas companies a more compelling tale is unfolding as both majors and independents operating in North America benefit from the move to the drill bit. Production numbers are mixed, but many report that production is up significantly — and some predict the best is yet to come.

April 30, 2001

CMS to Expand LNG Terminal

North America’s largest liquefied natural gas terminal isgetting bigger — CMS Energy officials confirmed yesterday theywill expand the Lake Charles, LA, terminal within a few months iffederal approval is received. The LNG facility, which now producesup to 700 MMcf/d could eventually increase its daily production to1.25 Bcf/d, CEO William McCormick said during a morning pressbriefing.

April 9, 2001

CMS to Expand LNG Terminal

North America’s largest liquefied natural gas terminal isgetting bigger — CMS Energy officials confirmed yesterday theywill expand the Lake Charles, LA, terminal within a few months iffederal approval is received. The LNG facility, which now producesup to 700 MMcf/d could eventually increase its daily production to1.25 Bcf/d, CEO William McCormick said during a morning pressbriefing.

April 4, 2001

SoCalGas to Make System Enhancements

Southern California Gas Co. confirmed plans to expand itsintrastate gas transportation system and make enhancements to itsstorage facilities to help meet record-setting gas demand byelectric generators in Southern California. SoCalGas Chairman EdwinA. Guiles informed California Public Utilities Commission PresidentLoretta Lynch of the plans in a March 27 letter.

March 29, 2001

CMS to Expand LNG Terminal, Customer Services

North America’s largest liquefied natural gas terminal is getting bigger — CMS Energy officials confirmed last week they will expand the Lake Charles, LA terminal within a few months if federal approval is received. The LNG facility, which now produces up to 700 MMcf/d could eventually increase its daily production to 1.25 Bcf/d, CEO William McCormick said.

February 26, 2001

New CA Plan Calls For State Stock Options

California’s governor late Friday confirmed that the latestplans call for the state to demand the equivalent of stock optionsin its two largest investor-owned utilities, Pacific Gas andElectric and Southern California Edison, in return for the state’sproposed plan to spend billions of dollars in the next few monthsto help the two utilities avoid bankruptcy and to bring order toCalifornia’s increasingly chaotic energy markets, some of which hasbeen caused directly by the negative cash flow plaguing bothcompanies.

January 29, 2001

Vector Delay Confirms Market’s Suspicions

Future shippers on the new Chicago-to-Dawn Vector Pipeline hadtheir fears confirmed last Tuesday when pipeline officialsannounced that the start-up date for the project, which wasscheduled for Nov. 1 to coincide with the start-up of thelong-awaited Alliance Pipeline, would be delayed a month until Dec.1.

October 9, 2000

Vector Delay Confirms Market’s Suspicions

Future shippers on the new Chicago-to-Dawn Vector Pipeline hadtheir fears confirmed Tuesday when pipeline officials announcedthat the start-up date for the project, which was scheduled forNov. 1 to coincide with the start-up of the long-awaited AlliancePipeline, would be delayed until Dec. 1.

October 4, 2000

PowerTrust.com to Acquire Perry Gas Subsidiaries

Two weeks after Perry Gas filed for bankruptcy and sued its retail client billing provider, PowerTrust.com, the marketer confirmed it has dropped the lawsuit and is selling its residential energy marketing units to that same provider (see NGI, Sept. 4).

September 18, 2000

PowerTrust.com to Acquire Perry Subsidiaries

Two weeks after Perry Gas filed for bankruptcy and sued its retailclient billing provider, PowerTrust.com, the marketer confirmed it hasdropped the lawsuit and is selling its residential energy marketingunits to that same provider (see Daily GPI, Aug. 31).

September 18, 2000