BP Energy Co. has signed an agreement in principle to lend its extensive supply expertise, marketing and trading knowledge, financial products and information technology to a strategic alliance with the four Energy East Corp. distribution companies in New York and New England, the companies said last Thursday.
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BP Forms Alliance with Energy East
BP Energy Co. has signed an agreement in principle to lend itsextensive supply expertise, marketing and trading knowledge,financial products and information technology to a strategicalliance with the four Energy East Corp. distribution companies inNew York and New England, the companies said Thursday.
NewPower Forms ‘Smart Homes’ Alliance
Once only envisioned in cartoon families like The Jetsons or infuturistic movies, a strategic alliance between national energyprovider The New Power Co. and Internet gateway provider CoactiveNetworks is zooming in on the first complete “smart homes” for U.S.consumers and small businesses.
U.S. Forms Energy Groups with Mexico, Canada
Energy Secretary Spencer Abraham met with Mexican EnergySecretary Enesto Martens and Canadian Energy Minister Ralph Goodalein Mexico City last week to establish a North American EnergyWorking Group to develop a comprehensive energy strategy for thecontinent.
Shell Forms Sales Pact with Essential.com
Shell Energy will be selling gas to Georgia retail customersthrough Essential.com, according to a partnership the two companiesannounced yesterday. Essential.com already provides a one-stop shopfor a broad range of energy and communications services.
Honeoye Storage Holds Open Season
Honeoye Storage Corp. has announced an open season from Nov. 1to Nov. 15 for two key forms of interruptible gas storage servicefrom its facility in Ontario County, NY.
Trans Energy Forms Acquisition Subsidiary
West Virginia-based Trans Energy Inc. is creating a wholly-ownedsubsidiary, Trans Energy Acquisition, to aggressively pursueacquisitions and mergers within the oil and natural gas sector,appointing industry veteran Gary Lawyer to the executiveacquisition committee.
Trans Energy Forms Acquisition Subsidiary
West Virginia-based Trans Energy Inc. is creating awholly-owned subsidiary, Trans Energy Acquisition, to aggressivelypursue acquisitions and mergers within the oil and natural gassector, appointing industry veteran Gary Lawyer to the executiveacquisition committee.
AGA Forms New Council for Members
The American Gas Association (AGA) has formed a new LeadershipCouncil to serve as a forum for member company senior executives tomanage and participate in association activities. The council willinclude senior executives not serving on the AGA board.
PG&E Forms Venture Capital Firm, Adds Power
With between $50 million and $100 million in spending money inits first year of operation, Pacific Venture Capital LLC, a companylaunched last week by PG&E Corp., plans to build and manage aportfolio of capital investments in growing energy andtelecommunications companies.