Forged

Peachtree Natural Gas, the bankrupt supplier to over 170,000customers in Georgia, and Atlanta Gas Light (AGL), Peachtree’sbiggest creditor, forged an interim solution in bankruptcy courtyesterday in which Peachtree will continue serving its customersuntil the court reconvenes on Nov. 15. Both the LDC and the courthave been assured that Peachtree can reliably provide service forthe 10-day period.

Continuing an arrangement first forged in 1981, Conoco announced a definitive agreement last week to manage DuPont’s gas supply needs. DuPont is one of the largest U.S. industrial gas consumers and Conoco’s largest supply customer. Neither the financial terms nor energy volumes were disclosed.

Conoco continued an arrangement first forged in 1981 by announcing a definitive agreement yesterday to manage DuPont’s gas supply needs. DuPont is one of the largest U.S. industrial gas consumers and Conoco’s largest supply customer. Neither the financial terms nor energy volumes were disclosed.

After a convincing 7-cent gain to kick off the week, the futuresmarket forged higher yesterday morning amid continuedshort-covering mixed with some fresh buying activity. The Aprilcontract was bumping up against the March 12 high of $1.825 inmid-day trading, but in the afternoon the buying dried up, leavingonly sellers to determine the market direction. The resulting priceslide-7 cents in 45 minutes-send the prompt month spiraling lowerto finish at $1.754.

Similar to a deal the two companies made last May involvingthree power plants in the Los Angeles Basin, Williams and AESforged an agreement last week in which Williams will supply thefuel and market the power produced from an AES-built and -operatedpower facility in Pennsylvania. The AES Ironwood plant will belocated in South Lebanon Township and will have a capacity toproduce 700 MW. Financial terms of the transaction were notdisclosed.