Los Angeles Department of Water and Power (LADWP) is striking out into new gas supply ventures, looking at buying the undeveloped California portion of Questar Corp.’s converted oil-to-natural gas Southern Trails pipeline, preparing to sign its first of three pre-paid, 10-year natural gas supply deals with a Native American tribe, and joining with other Southern California munis to line up natural gas reserves behind a new power plant in Burbank, CA.
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Aquila Affiliate Takes $1.7 M Charge, Cuts 60 Employees
Citing a restructuring plan formulated to deal with poor 1998earnings, Aquila Energy’s Aquila Gas Pipeline Corp. (AQP)announced Tuesday it will cut 60 people from its staff of 310. Thecuts will inflict a $1.7 million pre tax charge on the company’searnings.
March 8, 1999
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