Directly

Ongoing power price spikes in the California market are directlyrelated to natural gas prices running $60 to $75/MMBtu, accordingto Kellan Fluckiger, COO of the Cal-ISO, who announced another day,Tuesday, of Stage One and Two power alerts.

Landowners – those most directly affected by pipeline projects -were given a greater role in the certificate process last week whenFERC issued a final rule that requires pipes to provide propertyowners with earlier and more-detailed notification of theirprojects.

Determined to fight to the end, NiSource took its $68/shareoffer ($5.6 billion) directly to Columbia Energy Group shareholderson Friday. It also filed litigation against Columbia and itsdirectors in the Delaware Chancery Court in an attempt to gain anopportunity to nominate a director to fill a vacant seat onColumbia’s board.

NiSource is taking its $68/share offer ($5.6 billion) directlyto Columbia Energy Group shareholders today and said it has filedlitigation against Columbia and its directors in the DelawareChancery Court in an attempt to gain an opportunity to nominate adirector to fill a vacant seat on Columbia’s board. The seat wasvacated in May when one of Columbia’s directors retired, butColumbia failed to call for a shareholder vote on a replacement atits annual meeting last month, NiSource said.

Texas Gov, George W. Bush Friday signed into law a bill torestructure the state’s $19 billion electric industry.