Budget cutbacks and consolidation within the natural gasindustry have prompted the Gas Research Institute (GRI) and theInstitute of Gas Technology (IGT) to consider the possibility ofmerging the two research and development groups.
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GRI, IGT Eye Merger as Funding Dries Up
Budget cutbacks and consolidation of the natural gas industryhave prompted the Gas Research Institute (GRI) and the Institute ofGas Technology (IGT) to consider the possibility of merging the twoR&D groups.
NYSEG Continues Consolidation, Buys Connecticut LDC
Energy East Corp., parent of New York State Electric &Gas, offered to buy Connecticut Energy Corp. (CNE) for $617 million Friday, paving the way for the combined utility to add 160,000 new gas customers and at the same time continuing to shrink the number of pure gas utilities. The board of directors for each company has agreed to the deal.
NYSEG Continues Consolidation, Buys Connecticut LDC
Energy East Corp., parent of New York State Electric & Gas,offered to buy Connecticut Energy Corp. (CNE) for $617 millionFriday, paving the way for the combined utility to add 160,000 newgas customers and at the same time continuing to shrink the numberof pure gas utilities. The board of directors for each company hasagreed to the deal.
Dominion Fishes Deals Upstream and Down
Fanning the flames of the convergence-consolidation bonfire,Dominion Resources (DRI) last week announced two plannedacquisitions that would add both wellheads and burner tips, not tomention assets in between.
PanCanadian Launches North American Marketer
PanCanadian Petroleum has established energy marketerPanCanadian Energy Services through the consolidation ofHouston-based National Gas & Electric and PanCanadian’s naturalgas marketing group in Calgary, AB. The company also operatesregional sales offices across the U.S. in Austin, TX, SanFrancisco, CA, Mobile, AL, and Atlanta, GA. Midwest customers areserved by PanCanadian affiliate National Energy Management, inChicago and Madison, WI. Pan Canadian Energy Services is based inHouston.