The Energy Information Administration (EIA) will discuss its plans for a new weekly natural gas storage survey as part of the GasMart/Power 2002 program exploring the wholesale gas and power markets. It will be held March 18-20 in Reno, NV, and hosted by Intelligence Press Inc.
Exploring
Articles from Exploring
PG&E Sues to Recover $3 Billion
Exploring yet another legal avenue, Pacific Gas and Electric Co.Wednesday filed in San Francisco’s federal district court askingfor a judicial ruling that will mandate that it can recover all ofthe nearly $3 billion in uncollected wholesale electricity coststhat have been mounting since May when price spikes in Califonia’smarket left the state’s major investor-owned utilities vulnerablebecause their retail power rates are frozen at 1996 levels.
NEB Prepares for Northern Review
National Energy Board (NEB) principals, fresh from summer tripsto Alaska, the Yukon and the Northwest Territories, are exploringways to deal with megaproject proposals for development andtransportation of northern resources.
Western Resources Explores Merger, Sale
Kansas-based Western Resources is exploring “several strategic alternatives” for its electric utility operations, which include finding a merger partner as it attempts to separate its regulated and unregulated assets and strengthen its market position. If a merger partner can’t be found, Western plans to look at other options for its two electric utilities, KPL and KGE. It may form a strategic alliance with other companies, partner with another electric or gas utility or possibly even sell them outright.
Western Resources Explores Merger, Sale
Kansas-based Western Resources is exploring “several strategicalternatives” for its electric utility operations, which includefinding a merger partner as it attempts to separate its regulatedand unregulated assets and strengthen its market position. If amerger partner can’t be found, Western plans to look at otheroptions for its two electric utilities, KPL and KGE. It may form astrategic alliance with other companies, partner with anotherelectric or gas utility or possibly even sell them outright.
Oxy Selling CanOxy Stake For C$1.2 Billion
After exploring its options, Occidental Petroleum Corp. of LosAngeles agreed to sell for C$29.61/share its 29.2% stake inCanadian Occidental Petroleum Ltd. for gross proceeds of C$1.2billion Canadian. Of Occidental’s 40.2 million CanOxy shares, 20.2million will be sold to the Ontario Teachers Pension Plan Board.The remaining 20 million will be sold to CanOxy. Once the deal iscomplete, Occidental will no longer hold an equity interest inCanOxy.
Oxy Selling CanOxy Stake For C$1.2 Billion
After exploring its options, Occidental Petroleum Corp. of LosAngeles agreed to sell for C$29.61/share its 29.2% stake inCanadian Occidental Petroleum Ltd. for gross proceeds of C$1.2billion Canadian. Occidental expects after-tax net proceeds to beUS$700 million and to report a gain of US$300 million.
PG&E Gas Transmission Scouts Sale of TX Assets
PG&E Corp. is exploring the possibility of selling itsTexas-based natural gas pipeline, processing and liquids assets,according to an 8-K form filed at the Securities and ExchangeCommission last week.
PG&E Gas Transmission Scouts Sale of TX Assets
PG&E Corp. is exploring the possibility of selling itsTexas-based natural gas pipeline, processing and liquids assets,according to an 8-K form filed at the Securities and ExchangeCommission yesterday.
Parker Dispels Rumors of AGA-EEI Union
American Gas Association President David Parker yesterdaydismissed industry speculation that the gas LDC group is exploringthe prospect of combining with its electric counterpart, the EdisonElectric Institute.