Enterprise

Sonat reported being notified by plant operator Enterprise Operating Partners LLC that the Toca II processing plant in southeast Louisiana for 10 days of maintenance beginning Monday. Sonat said it would post new PTR (plant thermal reduction) percentages shortly. The pipeline said it expects a richer gas stream, mainly on its south system, as a result of the outage, but does not anticipate any gas quality problems at this time.

Sonat reported being notified that Enterprise Operating Partners LLC is delaying until further notice an outage of its Toca 1 processing plant in southeast Louisiana. The outage had previously been set to begin April 17 and last two to three weeks (see Daily GPI, April 8). Sonat planned to post a message about new PVR loss percentages on its bulletin board last Friday.

Public Service Enterprise Group (PSEG) beat Wall Street estimates and avoided the large one-time negative charges of a year ago in announcing earnings from continuing operations for the second quarter of $150 million, or 66 cents/share, compared to a loss of $227 million, or $1.10/share.

Public Service Enterprise Group (PSEG) beat Wall Street estimates and avoided the large one-time negative charges of a year ago in announcing earnings from continuing operations for the second quarter of $150 million, or 66 cents/share, compared to a loss of $227 million, or $1.10/share.

As it prepares to open its enterprise to outside contractors, Mexico’s Petroleos Mexicanos Exploration & Production (Pemex E&P) has signed a $60 million, two-year contract with Schlumberger Ltd. to manage its upstream asset information.

As Argentina’s political and economic waters continue to roil, New Jersey-based Public Service Enterprise Group (PSEG) recently said that if its PSEG Global Inc. indirect subsidiary is forced, under a worst case scenario, to halt all operations in that country, such a move would result in a pre-tax write-off of approximately $632 million and a loss of an anticipated annual earnings contribution of 16 cents per share of common stock.

Scott N. Smith has joined American Electric Power (AEP) as vice president and chief risk officer. He will be responsible for enterprise-wide risk management, including oversight of commodity, operational, credit, interest rate and currency risk across all business units and functional areas. Smith, 37, previously was vice president of risk management for Global Consumer Bank, a division of Citigroup.

Altra Energy Technologies Inc. and Junot Systems Inc., anenterprise application integration (EAI) solutions provider, madean alliance to provide gas pipelines with Altra Web as astand-alone GISB-compliant web-based electronic bulletin boardsolution. Altra Web provides compliance with GISB requirements anduses the latest in Internet technology.

The recent sale of one million shares of Tom Brown Inc. stock toan undisclosed investor garnered Lakewood, CO-based KN Energy about$29 million in cash and should help the company digest itsacquisition of Kinder Morgan Inc.