Duke Energy said Friday it is discontinuing proprietary trading at its North American merchant energy businesses, Duke Energy North America (DENA) and Duke Energy Merchants, to focus on more profitable businesses.
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EnCana Plans to Sell Marketing, Trading Unit
EnCana Corp. mentioned in releasing its first quarter results that it plans to discontinue energy marketing and trading operations to focus on core exploration and production activities in the United States and Canada. A company spokesman said last week that EnCana, which was formed by the merger of PanCanadian Energy and Alberta Energy Co., already has received some offers for the marketing unit, which includes 100 Houston employees and 2.3-2.7 Bcf/d of gas sales.
May 6, 2002
Peoples Gas Cutting Jobs
TECO Energy’s Peoples Gas unit is cutting up to 240 jobs due toits decision to discontinue the gas piping, appliance installationand repair business effective July 15.
May 20, 1998
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