Fact

The California Public Utilities Commission (CPUC) thinks DynegyPower Marketing Inc. doth protest too much.

The California Public Utilities Commission (CPUC) thinks DynegyPower Marketing Inc. doth protest too much.

The California Public Utilities Commission (CPUC) thinks DynegyPower Marketing Inc. doth protest too much.

Undeterred by the fact that this week’s arctic cold front wascovering its largest area yet and showing little inclination forgoing away before the weekend, cash prices took a cue from thescreen and dropped by more than a dollar at almost all pointsTuesday. In a seeming pullback from the brink of market chaos,California and the Pacific Northwest registered plunges from about$11 to nearly $25.

Consolidation hasn’t stopped and, in fact, will play a big rolein the future for both large and small players in the oil and gasindustry, said David Moore, a strategic practices consultant forAndersen Consulting.

Consolidation hasn’t stopped and, in fact, will play a big rolein the future for both large and small players in the oil and gasindustry, said David Moore, a strategic practices consultant forAndersen Consulting.

Two preliminary underground natural gas storage projects in theWest, separated by more than 1,000 miles, are textbook examples ofthe fact that demand and market location alone are only part of thestrategic considerations for making new merchant storageeconomically viable.

Two preliminary underground natural gas storage projects in theWest, separated by more than 1,000 miles, are textbook examples ofthe fact that demand and market location alone are only part of thestrategic considerations for making new merchant storageeconomically viable.

Despite the fact that bids were considered well below whatgovernment officials hoped, Alberta soon expects to be the firstCanadian province to successfully deregulate its power industryafter five companies won the rights to sell electric power in thecoming retail marketplace, which opens Jan. 1, 2001.