A special commission formed by Florida Gov. Jeb Bush isrecommending the state break up its monopoly utilities and pave theway for competition in the power generation market by doing awaywith certain laws and amending others.
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Phillips, Apache To Market Canadian Assets
With oil and natural gas prices soaring, the market for Canadianproducing and development properties has been heating up, asevidenced by property sales announced recently by PhillipsPetroleum and Apache Canada.
Phillips, Apache To Sell Canadian Assets
With oil and natural gas prices soaring, the market for Canadianproducing and development properties has been heating up, asevidenced by property sales announced recently by Phillps Petroleumand Apache Canada.
Industry Brief
Skipping Stone Inc., based in Houston, has introduced e-Complete,an e-commerce development service for the energy industry that allowscompanies to establish a strategy, design an e-commerce system basedupon the strategy and launch a Web site. CEO Peter Wiegand saide-Complete is available only from Skipping Stone, which is anindependent energy consulting firm. See the Web site atwww.skippingstone.com for more information.
UtiliCorp CEO Advocates Deregulation Push
State-by-state regulation is holding back the development of amore competitive U.S. energy economy while other countries alreadyare benefiting from deregulation — something that regulators needto realize, the CEO of UtiliCorp United told energy executivesyesterday.
Westminster Sells Canadian Assets to AEC
To expand its exploration and development projects, Calgary’sWestminster Resources Ltd. will sell all of its Canadian oil andgas assets to AEC Oil & Gas for $62.7 million in cash under anagreement reached yesterday by the companies. Closing is set forOct. 19.
Senate Panel Marks Up Coalbed Methane Bill
The U.S. Senate Energy Committee passed S. 1950, the PowderRiver Basin Resource Development Act, by a voice vote yesterday.Sens. Craig Thomas and Mike Enzi (R-WY) said it provides for thefair and expeditious resolution of conflicts between oil and gasproducers and coal producers with overlapping leases in the PowderRiver Basin in Wyoming and southern Montana.
PPL Plans Five Eastern PA Peaking Plants
PPL Corp. announced that its development subsidiary will bespending between $400 and $450 million to install five compact,natural gas-fired generation facilities in eastern Pennsylvaniatotaling about 900 MW of generating capacity. The five facilitiesin Lancaster and Montgomery Counties are expected to go on-line bythe summer of 2002.
Williams Considering Canadian ‘Opportunities’
The Williams Co.’s natural gas pipeline unit is bullish on NorthAmerican development and is looking north to Canada for its nextproject.
Mitchell to Expand Processing Plant
Mitchell Energy & Development Corp. said it will expandprocessing capacity at its Bridgeport, TX, plant northwest of FortWorth from 210 to 310 MMcf/d. The expansion will handle rapidlyrising gas supplies from accelerated drilling by the company andother producers. Daily rich gas volumes delivered to Bridgeport areexpected to increase from 205 MMcf to almost 300 MMcf during thenext three years. Likewise, gas liquids production from the plantwould increase from 19,000 b/d to more than 27,000 b/d.