CIG, Paiute Plan New Nevada Pipe

Coastal’s Colorado Interstate Gas (CIG) has teamed up withSouthwest Gas subsidiary Paiute Pipeline on a new gas pipelineproject designed to deliver new coal-bed methane production in Utahto growing markets in Nevada and Southern California.

November 23, 1998

Supply and Demand Side Companies Merge

The supply-side energy marketer Strategic Energy Ltd. (SEL) andthe demand-side management company Custom Energy LLC (CustomEnergy) announced a merger last week designed to help customerslower energy use and cost.

November 9, 1998

ARCO Joins Belt-Tightening Trend

ARCO said it will implement a cost reduction program designed toreduce before-tax costs by more than $500 million over the next twoyears. Approximately $350 million of the cost savings are expectedin 1999. The cost reductions will fall largely into fourcategories: upstream operating and support costs; explorationspending; downstream operating and support costs; and costs for thecorporate center and support services. ARCO’s increasedconcentration on core exploration and production areas and therecent divesting of non-strategic assets have facilitated theadditional cost reductions.

October 16, 1998

Koch Plans 600 MMcf/d Expansion from Grand Isle

Koch Gateway Pipeline is planning a new 600 MMcf/d pipelineexpansion from the Grand Isle, LA, area to Koch’s mainline inLouisiana. The project is designed to meet increasing demand fromdeep-water Gulf of Mexico producers seeking new delivery capacityand will complement Koch’s recently proposed Sea Star Pipeline. SeaStar is expected to deliver 660 MMcf/d of gas to Grand Isleprocessing plants from the South Pass and West Delta South Additionof the Offshore Continental Shelf.

September 18, 1998

Maritimes & Northeast Receives Certificate

Maritimes & Northeast Pipeline (M&NE) has received acertificate for the last segment of an 800-mile system designed tocarry up to 530 MMcf/d of natural gas from Sable Island offshoreNova Scotia into New England and the U.S. Northeast.

August 4, 1998

NUI Downsizes, Streamlines Operations

NUI Corp., parent company of six eastern gas local distributioncompanies, announced a restructuring plan designed to streamlinethe company in preparation for a more competitive marketplace. Theplan includes greater emphasis on nonregulated business operationsand a voluntary early retirement program offered to 88 of its 1,161employees, including four members of NUI’s executive managementteam, among them Lyle Motley, president of the company’s southerndivision. Further downsizing is expected once the companydetermines where it can achieve greater efficiencies in its effortto generate higher revenues from its nonregulated businesses.

June 5, 1998

LG&E Offers Weather Risk Hedge

LG&E Energy Marketing (LEM), a subsidiary of LG&EEnergy, has introduced risk management products designed to manageweather-related risk.

March 13, 1998
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