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Williams Seeks Breakup of Energy, Communications

In a move analysts predict will help both companies realizetheir full value, Williams has begun the first steps to separateits energy division from its communications businesses. The boardof directors of the Tulsa, OK-based company voted July 23 to beginthe process, which is expected to take about 18 months.

July 31, 2000

Dynegy Starts Up 800 MW Plant in NC

Dynegy Inc. has started full-scale operations at the RockinghamPower Plant, a simple-cycle generating facility in RockinghamCounty, NC. The 800 MW plant, developed in just 12 months, is thethird generation facility Dynegy has put on line this summer.

July 31, 2000

Dynegy Starts Up 800 MW Plant in NC

Dynegy Inc. has started full-scale operations at the RockinghamPower Plant, a simple-cycle generating facility in RockinghamCounty, NC. The 800 MW plant, developed in just 12 months, is thethird generation facility Dynegy has put on line this summer.

July 28, 2000

Williams Seeks Breakup of Energy, Communications

In a move analysts predict will help both companies realizetheir full value, Williams has begun the first steps to separateits energy division from its communications businesses. The boardof directors of the Tulsa, OK-based company voted Sunday to beginthe process, which is expected to take about 18 months.

July 25, 2000

Petrobank Gives Ranger Access Deadline

Petrobank Energy and Resources gave the board of directors ofRanger Oil an ultimatum yesterday: Give full access to Ranger’sconfidential data room under Petrobank’s terms no later than 5 p.m.(MDT) on Thursday, or Petrobank will not amend or extend its offer toacquire all of the common shares of Ranger. (see Daily GPI, June 9) This would mean Petrobank’sexisting offer would run out next Monday, at 9 a.m. Calgary time.

June 14, 2000

Sempra Energy Makes Big Push in Energy Services

It is becoming increasingly obvious that San Diego-based SempraEnergy is going to make a full-court press in its nonutilitybusiness units, seeking to get one-third of its earnings from thosebusinesses collectively in less than three years, according to itssoon-to-be CEO Steve Baum, the current president and COO. To hitthe earnings goal, Sempra’s nonutility businesses need to approach$275 million in collective profits, Baum told employees recently.

May 29, 2000

New DOE Gas Center Opens Doors

The Department of Energy (DOE) has opened a new Strategic Centerfor Natural Gas that will oversee a full range of the agency’sgas-related activities.

May 29, 2000

Sempra Energy Makes Big Push in Energy Services

It is becoming increasingly obvious that San Diego-based SempraEnergy is going to make a full-court press in its nonutilitybusiness units, seeking to get one-third of its earnings from thosebusinesses collectively in less than three years, according to itssoon-to-be CEO Steve Baum, the current president and COO. To hitthe earnings goal, Sempra’s nonutility businesses need to approach$275 million in collective profits, Baum told employees recently.

May 23, 2000

NEW DOE Gas Center Opens Doors

The Department of Energy (DOE) last week opened a new StrategicCenter for Natural Gas that will oversee a full range of theagency’s gas-related activities.

May 23, 2000

Williams Inks Power Deal with Hoosier Energy

Williams said its new 170 MW gas-fired power plant underconstruction in Worthington, IN, will support a full requirementsagreement with Bloomington-based Hoosier Energy and that Hoosierwill have an option to buy the plant at the end of the contractterm.

May 22, 2000