Directors

Taking a middle of the road approach, the board of directors at the New York Independent System Operator (NYISO) last Tuesday issued a request to market participants to work to develop what the board called a “balanced sanctions” proposal related to market power abuse by the middle of next month.

Taking a middle of the road approach, the board of directors at the New York Independent System Operator (NYISO) yesterday issued a request to market participants to work to develop what the board called a “balanced sanctions” proposal related to market power abuse by the middle of next month.

The board of directors of Southern Company elected President and CEO Allen Franklin as its chairman. Franklin replaces retiring Chairman A.W. “Bill” Dahlberg as the board’s new leader. Prior to the board electing him to the CEO position last month, Franklin had served as president and COO of Southern since 1999. From 1994 to 1999, he was president and CEO of Georgia Power, Southern’s largest subsidiary.

The Board of Directors of the Interstate Natural Gas Associationof America (INGAA) elected Stanley C. Horton, CEO of EnronTransportation Services Co., as INGAA’s chairman for 2001. Hortonsucceeds David A. Arledge, CEO of Coastal Corp. INGAA completed itsslate of officers by electing Michael E. J. Phelps, CEO ofWestcoast Energy Inc., as first vice chairman and John W.Somerhalder II, executive vice president of El Paso Energy PipelineGroup, as second vice chairman. Jerald V. Halvorsen was re-electedpresident of INGAA.

Canada’s fuel cell industry got a charge this week when theboard of directors of Fuel Cells Canada inaugurated a privatesector, not-for-profit organization designed to offer services andsupport to developers.

The board of directors of the New York Mercantile Exchange hasamended plans to move up the start-up time for natural gas futurestrading because of the overlap with crude oil markets, which sharean options ring with natural gas. Daily gas futures trading nowwill commence at 9:30 a.m. rather than 9:45. The board hasscheduled expanded energy trading hours to begin with the Sept. 8trading session.

The Boards of Directors of the North Texas Oil and GasAssociation (NTOGA) and the West Central Texas Oil and GasAssociation (WeCTOGA) have approved a plan to merge the twoorganizations, which when completed, would become the largestmembership association of any state oil and gas group in thecountry. Both were organized in the early 1930s to representindependent oil and gas companies that primarily explore for andproduce crude oil and natural gas.

The Boards of Directors of the North Texas Oil and GasAssociation (NTOGA) and the West Central Texas Oil and GasAssociation (WeCTOGA) have approved a plan to merge the twoorganizations, which when completed, would become the largestmembership association of any state oil and gas group in thecountry. Both were organized in the early 1930s to representindependent oil and gas companies that primarily explore for andproduce crude oil and natural gas.

Ranger Oil Ltd.’s board of directors announced last week thatafter almost three months of unacceptable bids it’s ready to make arecommendation to its shareholders to sell all outstanding sharesto another Calgary-based producer, Canadian Natural Resources Ltd(CNRL).