Indiana-based ProLiance Energy has been awarded atwo-and-a-half-year portfolio management contract by the TennesseeValley Supply Group (TVSG), of municipal energy buyers.
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ProLiance to Serve Tennessee Valley Supply Group
Indiana-based ProLiance Energy has been awarded atwo-and-a-half-year portfolio management contract by the TennesseeValley Supply Group (TVSG), of municipal energy buyers.
Storm News Puts Wind in the Sails of Cash Prices
Prices continued to build Monday on the strong foundationdeveloped in the latter half of last week. Only the NorthernCalifornia points of Malin and the PG&E citygate failed to gaina dime or more.
Dynegy Commits $$$ to Broadband
Dynegy Inc. has signaled its commitment to addtelecommunications to its natural gas and power interests with aninvestment of more than half a billion dollars, including the $152million purchase of a Colorado-based communications solutions andnetwork company.
Dynegy Commits Large $$$ to Broadband
Dynegy Inc. has signaled its commitment to addtelecommunications to its natural gas and power interests with aninvestment of more than half a billion dollars, including the $152million purchase of a Colorado-based communications solutions andnetwork company.
Special Forward-Market Purchases Proposed for SDG&E on Cal-PX
By the end of last week with rising temperatures, peak demandand political heat, San Diego Gas and Electric Co. and theCalifornia Power Exchange (Cal-PX) worked out a proposal for theutility to purchase fixed price electricity through forward marketsalready in place at the Cal-PX over a longer term five- tonine-month period into next spring. SDG&E has asked stateregulators to okay the purchases at their Aug. 3 meeting.
AEP, CSW Sticking to Core Wholesale, Delivery
After waiting two and a half years, American Electric Powercompleted its $4.6 billion purchase of Central and South West Corp.last week following approval from the Securities and ExchangeCommission (SEC). The deal creates the U.S.’s largest electricutility with annual revenues of $12.5 billion, assets of more than$35 billion, more than 4.8 million customers in 11 states, and38,000 MW of power generation in the U.S.
Prices Fall as Expected, But Another Reversal Seen Today
The market was beginning to show more signs of volatilityWednesday, although the swings weren’t quite as wide-ranging asmost of those last week. Cash numbers fell by 10-15 cents at nearlyall points but were expected to rebound again today after futurestraders treated AGA’s afternoon storage report as bullish.
Dominion Will Cut 700 Jobs this Year
Dominion Resources said yesterday it will eliminate 700 jobs asa result of its merger with Consolidated Natural Gas. About half ofthe employees affected already have left, the company said. The jobcuts and improved efficiencies created by the merger are expectedto save the company at least $75 million in 2000.
CA Aggregator Throws in the Towel
One of California’s largest retail natural gas aggregators, anonprofit coalition of school districts throughout the southernhalf of the state, has decided to throw in the towel out offrustration with Southern California Gas and an inability torealize savings generated in the earlier years of the program,which dates back to 1991. The Retail Energy Management Association(REMAC), representing 151 school districts with a total annual gasload of 17 to 25 MMcf, will phase out of core aggregation bymid-year, according to Tom Solberg, an executive heading thecoalition.