Enters

Taking yet another step in stabilizing the company’s financials through the divestiture of assets, CMS Energy Corp.’s pipeline subsidiary, CMS Panhandle Eastern Pipe Line Co., said it has entered into a definitive agreement to sell its one-third equity interest in Centennial Pipeline LLC to Centennial’s two other partners for $40 million.

Taking yet another step in stabilizing the company’s financials through the divestiture of assets, CMS Energy Corp.’s pipeline subsidiary, CMS Panhandle Eastern Pipe Line Co., said it has entered into a definitive agreement to sell its one-third equity interest in Centennial Pipeline LLC to Centennial’s two other partners for $40 million.

Marking the international company’s first venture into the United States, Vancouver-BC-based Valkyries Petroleum Corp. (previously known as Santa Catalina Mining) said it has paid approximately US$1.1 million to acquire a major share in a large natural gas exploration project in one of the newest major gas producing regions in South Texas.

As the gas industry enters the peak summer demand period, market perception has largely flip-flopped from fear of shortage to the assumption of adequate supply for power generation and storage injections despite the growth of power demand this year, according to Energy Security Analysis, Inc. (ESAI). “We can make it now,” appears to be the prevailing attitude, the research and consultation firm said.

As the gas industry enters the peak summer demand period, market perception has largely flip-flopped from fear of shortage to the assumption of adequate supply for power generation and storage injections despite the growth of power demand this year, according to Energy Security Analysis, Inc. (ESAI). “We can make it now,” appears to be the prevailing attitude, the research and consultation firm said.

As the gas industry enters the peak summer demand period, market perception has largely flip-flopped from fear of shortage to the assumption of adequate supply for power generation and storage injections despite the growth of power demand this year, according to Energy Security Analysis, Inc. (ESAI). “We can make it now,” appears to be the prevailing attitude, the research and consultation firm said.

Bankrupt NewPower Holdings, Inc., parent of The New Power Co., signed an agreement with Vectren Source, a non-regulated subsidiary of Vectren Corp., for the sale of NewPower’s current natural gas customers within the Columbia Gas of Ohio and Dominion East Ohio Gas territories.

The National Transportation Safety Board (NTSB) indicated last week that it was entering the final stages of its investigation into the cause of the August 2000 explosion on the El Paso Natural Gas South Mainline system that killed 12 members of two extended families in southeastern New Mexico.

Quanta Services Inc. announced that its subsidiary, Haines Construction, has been contracted by Enbridge Midcoast Energy to build over 50 miles of natural gas pipeline in northwestern Alabama. Enbridge Midcoast Energy is a subsidiary of Alberta-based Enbridge Inc.