Embarked

The Bureau of Ocean Energy Management (BOEM) said Monday a team of scientists has embarked on a three-week expedition to study marine life in the Hanna Shoal area of the Chukchi Sea, a prerequisite to opening areas in offshore Alaska to oil and natural gas leasing.

EnronOnline embarked on a new e-commerce strategy last week thatinvolves alliances with independent energy trading platforms. Enronsigned memorandums of understanding with HoustonStreet.com andTrueQuote.com and anticipates signing deals with other platforms inthe near futures. The deals allow Enron to post its prices on theother platforms and to carry out North American natural gas andelectricity transactions through those other sites.

Public Service Co. of New Mexico (PNM) said it embarked on a$17.3 million stock repurchase plan last week after announcing theNew Mexico Supreme Court rejected a $112 million rate cut imposedby the state’s outgoing Public Utility Commission (PUC) late lastyear.

Public Service Co. of New Mexico (PNM) said it embarked on a$17.3 million stock repurchase plan Tuesday after announcing theNew Mexico Supreme Court rejected a $112 million rate cut imposedby the state’s outgoing Public Utility Commission (PUC) late lastyear.

Washington Water Power’s (WWP) energy marketing affiliate,Avista Energy, embarked on a two-day expansion spree last week byacquiring Vitol Gas and Electric Co. and Coast Pacific ManagementCo., and in the process became a top-10 power marketer. Supportingthese additions is WWP’s joint venture with Cogentrix Energy Inc.,announced Dec. 11, to build or buy gas-fired electric generationprojects in the Pacific Northwest. Terms for deals were notdisclosed.