Dynegy Inc.’s ability to market natural gas creatively will help ChevronTexaco Corp. grow its gas presence in U.S. markets, as the major turns its long-term plan toward producing and delivering its substantial reserves, executives said Wednesday. As a 26.5% stakeholder in the Houston-based energy merchant, ChevronTexaco management, including Chairman Dave O’Reilly, made clear that Dynegy is its strategic marketing partner now and into the future.
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Reinstated Credit to Boost Burlington’s Earnings
Houston’s Burlington Resources said last week that a tax benefitreinstated by the Federal Energy Regulatory Commission in Septemberwill raise the independent’s earnings in the third quarter by 14cents, beating analysts’ expectations.
October 9, 2000
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