Designed

Enron Energy Services signed a six-year, $210 million energymanagement agreement with Sonoco yesterday that is designed toensure electricity savings at more than 150 Sonoco manufacturingplants and facilities nationwide.

Exxon Mobil launched a new organization structure built on aconcept of eleven separate global businesses designed to allow thecompany to compete more effectively in a changing worldwide energyindustry. Lee Raymond, CEO, said by mid-December the company willannounce a revised forecast of merger benefits that will likelyexceed the $2.8 billion annual level announced last year.

SCANA Corp. and Enermetrix.com have jointly announced SCANAOnline Energy, a gas and electricity auction marketplace designedfor use by business and industrial customers.

Thunder Creek Gas Services LLC, a joint venture of KN Energy andDevon Energy, has completed construction on a major new gatheringtrunkline designed to meet the expanding production in Wyoming’sPowder River Basin, which is being touted as the “most active”coal-bed methane play in the nation.

Thunder Creek Gas Services LLC, a joint venture of KN Energy andDevon Energy, has completed construction on a major, new gatheringtrunkline designed to meet the expanding production in Wyoming’sPowder River Basin, which is being touted as the “most active”coal-bed methane play in the nation.

In a stunning move designed to send a message to otherwhite-collar criminals, a D.C. federal court judge last weekremanded Nicholas J. Bush, former president of the Natural GasSupply Association (NGSA), to a halfway house pending sentencing ontwo felony charges for embezzling $2.8 million from the producergroup. The judge took this action after Bush pleaded guilty to thecharges.

Several House lawmakers have endorsed legislation that isdesigned to provide “some real relief” to small oil and natural gasproducers that have been “so hard hit” by the historically lowcrude oil prices.

The New York State Public Service Commission adopted a set ofbusiness practices yesterday that are designed to streamline themanner in which local utilities interact with gas and electricitymarketers, energy services companies (ESCOs) and customers whopurchase energy in New York’s competitive market. The measurescover a wide range of issues, including minimum standards ofESCO/marketer creditworthiness, customer information exchangedbetween the utility and the supplier, billing procedures, switchingof customers, customer slamming protections, and dispute resolutionprocedures.

Pennzoil Co. and Quaker State Corp. completed a majorrestructuring designed to separate the companies’ automotivebusinesses from exploration and production operations. Therestructuring includes the spin-off of Pennzoil’s Products Groupand combines the marketing, manufacturing and fast oil changebusinesses of Pennzoil with all of Quaker State. The combinedcompany, Pennzoil-Quaker State Co. trades on the New York StockExchange with the symbol PZL.