Exodus

Calling the wholesalers’ mass exodus of retail energy marketing a “cyclical” process, Compass Energy Services Inc. President Chris Ziegler said he expects the large companies to return to the segment at some point, but not in the near future.

In the wake of the Enron debacle, the mass exodus from the energy merchant segment that immediately followed has forced natural gas producers to once again throw their respective hats into the marketing arena to sell their own supplies.

In the wake of the Enron debacle, the mass exodus from the energy merchant segment that immediately followed has forced natural gas producers to once again throw their respective hats into the marketing arena to sell their own supplies.

Top Washington D.C.-based energy trade associations are listedamong the casualties of Sempra Energy’s and Kinder Morgan Inc.’smove to prune their corporate budgets as they enter the newmillennium.

AGL Resources Inc. said it expects operating earnings for itsfourth quarter of fiscal 1999 to be lower than analysts’ estimates,although the company expects a modest profit from operations forthe quarter. Current estimates have the company earning $0.17/shareduring the quarter ending Sept. 30 compared to $0.12/share lastquarter.

While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas LightCustomers have chosen alternate suppliers.

While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas Lightcustomers have chosen alternate suppliers.