First

Chevron announced last week it has filed a petition asking theU.S. Supreme Court to hear a $742 million breach-of-contract casefirst brought against Gulf Oil Co. in 1982 by Cities Service Co.,which was bought by Occidental in 1984. Dawn Soper, a Chevronspokesperson, said it is now up to the court to rule on thepetition.

Chevron announced it has filed a petition asking the U.S.Supreme Court to hear a $742 million breach-of-contract case firstbrought upon Gulf Oil Co. in 1982 by Cities Service Co., which wasbought by Occidental in 1984. Dawn Soper, a Chevron spokesperson,said it is now up to the court to rule on the petition.

By Congressional mandate, Uncle Sam is supposed to get out ofthe utility business in the first few years of the new century. Howthe government can accomplish the feat at hundreds of militaryinstallations around the globe will become a little clearer by theend of this year when a current round of “requests for interest”(RFI) should be submitted by various private sector companies. Noone has an overall price tag on the facilities worldwide, but itprobably will be in the billions of dollars. There are thousands ofmiles of gas piping, water conduits and electrical lines to besold.

By Congressional mandate, Uncle Sam is supposed to get out ofthe utility business in the first few years of the new century. Howthe government can accomplish the feat at hundreds of militaryinstallations around the globe will become a little clearer by theend of this year when a current round of “requests for interest”(RFI) should be submitted by various private sector companies. Noone has an overall price tag on the facilities worldwide, but itprobably will be in the billions of dollars. There are thousands ofmiles of gas piping, water conduits and electrical lines to besold.

Illinova Corp. of Decatur, IL, parent of Illinois Power Co., could be the first energy company in the country to spin off its generation assets to an unregulated subsidiary.

Illinova Corp. of Decatur, IL, parent of Illinois Power Co.,could be the first energy company in the country to spin off itsgeneration assets to an unregulated subsidiary.

All eyes were on the electric utility industry yesterday as itreadied for the first industry-wide test of the preparedness of itscomputer systems for the transition to the year 2000. At the sametime, Energy Secretary Bill Richardson announced that eight majorelectric utilities still were either not Y2K ready or Y2K readywith limited exceptions. Also 16 municipal utilities and ruralcooperatives have yet to report on their Y2K progress to theAmerican Public Power Association and the National Rural ElectricCooperative Association.

The first fruit has fallen from the new Canadian tree ofcompetition among natural gas transporters, as TransCanadaPipeLines prepares to auction spare capacity that is developing onits system.

The first fruit has fallen from the new Canadian tree ofcompetition among natural gas transporters, as TransCanadaPipeLines prepares to auction spare capacity that is developing onits system.