Major trade groups for interstate natural gas pipelines andlocal distributors last week rallied to defend their membersagainst allegations that painted them and other energy deliverysystems as ticking “time bombs.”
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Hungry Energy East Buys CTG
After swallowing two energy distributors in two months most observers expected Energy East to enter a digestion phase, but the company came back for a third helping last week. The parent company of New York State Electric and Gas (NYSEG) said it is adding CTG Resources, Inc., parent of Connecticut Natural Gas (CNG), to its plate, which already is loaded with CMP Energy and Connecticut Energy.
Hungry Energy East Adds CTG to its Plate
After swallowing two energy distributors in two months mostobservers expected Energy East to enter a digestion phase, but thecompany came back for a third helping yesterday. The parent companyof New York State Electric and Gas said it is adding CTG Resources,Inc., parent of Connecticut Natural Gas (CNG), to its plate, whichalready is loaded with CMP Energy and Connecticut Energy.
Producers, LDCs Attack Construction NOPR
Producers and distributors last week indicated they generallybacked the thrust of FERC’s proposed rule to expand the blanketconstruction and abandonment certificate authority for pipelinesunder the Commission’s Part 157 regulations, but they – like thepipelines – saw some major problem areas with it.
Electric Industry Seen Swamping Gas
The electric industry will swallow up the majority of thenatural gas distributors over the next 10 years, predicted amarketing executive last week, adding that the doubters of thisscenario are forgetting or just don’t know how “extremely big”electricity is.
Star Watch: Columbia, El Paso, Enron
The current financial stars in the pipeline firmament areColumbia Energy, El Paso Energy and Enron Corp., while distributorsto watch are AGL Resources, MarketSpan, Peoples Energy and UGICorp., according to Curt Launer, vice president of Donaldson,Lufkin & Jenrette.Prospects are good for the companiesnamed, although a biannual report by the New York investment houseshows the overall interstate gas pipeline group “has not been doingvery well” so far in 1998, with stock prices significantlyunderperforming the Standard & Poor’s 500 Index.
Yankee Gas Swaps With TV’s Martha Stewart
At a time when the gas distributors and marketers are spendingbig bucks importing celebreties to popularize their brand names inthe retail market, Yankee Gas in Meriden, CT has engineered a swapwith one – none other than the ultimate TV homemaker, MarthaStewart – in its own back yard.
Names to Watch: Columbia (CG), El Paso (EPG), Enron (ENE)
The current financial stars in the pipeline firmament areColumbia Energy, El Paso Energy and Enron Corp., while distributorsto watch are AGL Resources, MarketSpan, Peoples Energy and UGICorp., according to Curt Launer, vice president of Donaldson,Lufkin & Jenrette. Prospects are good for the companies named,although a biannual report by the New York investment house showsthe overall interstate gas pipeline group “has not been doing verywell” so far in 1998, with stock prices significantlyunderperforming the Standard & Poor’s 500 Index.
Yankee Gas Swaps Line for Publicity With Martha Stewart
At a time when the gas distributors and marketers are spendingbig bucks importing celebreties to popularize their brand names inthe retail market, Yankee Gas in Meriden, CT, has engineered a swapwith one – none other than the ultimate TV homemaker, MarthaStewart – in its own backyard.
Integrated Software Offered to Unbundling LDCs
Southern California Gas and TransEnergy Management have formed apartnership to market an integrated software product to unbundlinglocal distributors who are struggling with exponentially greaternumbers of transportation contracts.