The Center for the Advancement of Energy Markets (CAEM) in Washington has branched out with a new affiliate, CAEM Canada, which has as its first major policy initiative, the Canadian Energy Restructuring Forum.
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Aquila Unloads Energy Manager Service Business
Continuing along its chosen path of focusing on its wholesale and energy risk management businesses, Kansas City, MO-based Aquila Inc. said on Monday that it has sold the retail energy manager services business of UtiliCorp Energy Solutions to Energy Management Resources Inc., a nationwide provider of energy supply management services to commercial and industrial customers throughout the United States.
SSB: Independents Limited Only by Projects, Personnel
The majors are focusing more of their spending attention on the domestic natural gas market, gobbling up gas-rich acquisitions, which has lowered their finding and development costs. Meanwhile, the independents’ spending is limited only by the lack of “drill ready” projects and experienced geoscience personnel, according to the latest exploration and production study by Salomon Smith Barney’s analysts Robert Morris and Michael Schmitz.
SSB: Independents Limited Only by Projects, Personnel
The majors are focusing more of their spending attention on the domestic natural gas market, gobbling up gas-rich acquisitions, which has lowered their finding and development costs. Meanwhile, the independents’ spending is limited only by the lack of “drill ready” projects and experienced geoscience personnel, according to the latest exploration and production study by Salomon Smith Barney’s analysts Robert Morris and Michael Schmitz.
Cross Bay Sponsors Asked to Defend Pipe Project
FERC last week directed the Cross Bay Pipeline Co. L.L.C. torespond to a series of questions mostly focusing on the East Coastproject’s byzantine financial and capacity-lease arrangements thathave prompted protests from customers.
Oneok’s Midcontinent Binge Nears End
Oneok Inc. closed its $307.7 million acquisition of Dynegy’smidstream assets yesterday, and now is focusing on its other majorMidcontinent deal with Kinder Morgan.
Pepco Preps for Competitive Power Market in D.C.
Potomac Electric Power Co.’s (Pepco) strategy of getting out ofpower generation, focusing on its wires and distribution businessesand emphasizing its non-regulated side is in full swing, says theutility’s top executive.
Pepco Preps for Competitive Power Market in D.C.
Potomac Electric Power Co.’s (Pepco) strategy of getting out ofpower generation, focusing on its wires and distribution businessesand emphasizing its non-regulated side is in full swing, says theutility’s top executive.
Houston Exploration Possibly Up for Grabs
KeySpan Energy, which has been focusing increasingly ondownstream and electric power activities, is considering the saleof its 64% ownership interest in E&P arm Houston Exploration.An announcement last week said KeySpan and Houston Exploration hadbegun a process to review “a full range of strategic transactions”and hired J.P. Morgan Securities Inc. as financial advisor.
Houston Exploration Potentially Up for Grabs
KeySpan Energy, which has been focusing increasingly ondownstream and electric power activities, is considering the saleof its majority ownership of E&P arm, Houston Exploration. Anannouncement Monday said KeySpan and Houston Exploration had beguna process to review “a full range of strategic transactions” andhired J.P. Morgan Securities Inc. as financial advisor.