Columbia Electric Corp. and Westcoast Power Inc. are developinga 500 MW gas-fired generation plant in Pennsylvania. Each companywill own a 50% interest.
Articles from Each
Six of Top 10 Gas Marketers Make Top 10 in Power
Yet another example of gas-power convergence shows up in NGI’sranking of the top gas and power marketers based on third quartervolumes. Three of the top five marketers of each commodity and sixof the top 10 appear on both lists.
Amoco Swaps WY Properties With Snyder
Amoco Corp. and Snyder Oil Corp. traded interests in Wyomingproperties to help each company focus its gas operations in theGreen River Basin. Amoco acquired Snyder’s interest in asubstantial portion of the Jonah field in Sublette and Sweetwatercounties. In exchange, Amoco gave Snyder 75% of its interest in theBeaver Creek Unit in Fremont County, WY. Amoco retained 25%interest in Beaver Creek. The deal involved property only.
Enron Reports 1Q Earnings Growth
Enron Corp. announced first quarter earnings and reportedincreased operating results in each of its core business groups.The company also reported another loss for Enron Energy Servicesdue to start-up costs.
Producers, Pipelines Debate Procedures
Natural gas producers and interstate pipelines squared offagainst each other at FERC’s symposium on reform of its complaintprocess Monday. Both sides agreed that expedited handling ofcomplaints by the Commission was a top priority, but they partedsharply on the need for formal complaints to be processed anddisposed of by FERC by certain deadlines.