Goal

The goal won praise but the means failed to draw support when Arctic Resources Co. unveiled the most detailed version yet of its proposal for combined transportation of natural gas from Alaska and Canada’s Northwest Territories. Territorial Premier Stephen Kakfwi described the Arctic plan as mostly a distraction.

The goal won praise but the means failed to draw support when Arctic Resources Co. unveiled the most detailed version yet of its proposal for combined transportation of natural gas from Alaska and Canada’s Northwest Territories. Territorial Premier Stephen Kakfwi described the Arctic plan as mostly a distraction.

Carolina Power and Light Energy (CP&L) realized its goallast week of becoming one of the 10 largest energy companies in thenation as its acquisition of Florida Progress Corp. (FPC) receivedthe final regulatory approval it needed from the Securities andExchange Commission.

Carolina Power and Light Energy (CP&L) realized its goalMonday of becoming one of the 10 largest energy companies in thenation as its acquisition of Florida Progress Corp. (FPC) receivedthe final approval necessary from the Securities and ExchangeCommission.

TransCanada PipeLines has completed sales of two more midstreamprocessing plants for $63 million, moving the company about a thirdof the way toward its goal of divesting $3 billion in midstream andinternational assets this year.

Tri-Valley Corp.’s “Project Ekho” exploration program in KernCounty, CA, reached its final depth of 19,100 feet Wednesday.Project backers now begin a 30- to 60-day period of self-imposedsilence to review drilling logs and records before continuing todevelop significant new supplies of oil and gas at thesub-15,000-foot levels in the extensively drilled central SanJoaquin Valley.

Northern Border Pipeline has amended its Project 2000 extensionagain, but this time it’s goal is to comply with the “no subsidy”requirement of FERC’s new policy statement on new pipelineconstruction..

The magical 30 Tcf annual natural gas market goal is very much arealistic prospect on the demand side, but much more problematicfrom a U.S. supply perspective, according representatives of largeand small producers addressing a national meeting of stateregulators this week.

The Building Owners and Managers Association (BOMA) of GreaterTucson, AZ, chose New Energy Ventures as the energy serviceprovider for its members with the goal of lowering members’electricity costs.