Fronts

Battling on several fronts, El Paso Corp. affiliates last week defended against charges from California interests that it used market power to manipulate the market, claiming opposing testimony was rigged, and its own hedging losses argue against any attempt to withhold pipeline capacity from the market.

As the nation continues to creep warily forward into natural gasand electricity deregulation on all fronts, Cinergy Corp.understands that in order to take advantage of the full potentialof its companies it must change as well. The company announcedyesterday that it is embracing a new organizational structure thatwill increase the autonomy of its subsidiaries and focus on thegrowing importance of non-regulated markets.

As the nation continues to creep warily forward into natural gasand electricity deregulation on all fronts, Cinergy Corp.understands that in order to take advantage of the full potentialof its companies it must change as well. The company announcedyesterday that it is embracing a new organizational structure thatwill increase the autonomy of its subsidiaries and focus on thegrowing importance of non-regulated markets.

In what may turn out to be a Pyrrhic victory, bulls weresuccessful on two fronts Friday — testing resistance at $3.00 andposting a gain for the third straight session. However, thoseachievements may have come at a price because even dyed in the woolbulls were shaking their heads after watching heavy selling enterthe market once prices reached over the $3.00 mark.

An epic battle with multiple fronts is shaping up in Canada overan appeal by the Northwest Territories government for the NationalEnergy Board to take jurisdiction over the Nova pipeline grid awayfrom Alberta.

An epic battle with multiple fronts is shaping up in Canada over an appeal by the Northwest Territories government for the National Energy Board to take jurisdiction over the Nova pipeline grid away from Alberta.