After holding back for 14 years, TransCanada PipeLines Ltd. isjumping into door-to-door retail sales competition – and on a scaleto match its stature as the nation’s biggest natural gastransporter and trader. TransCanada announced last week it isteaming up with department store retailer Sears Canada to make astart on a national campaign by initially selling gas toresidential consumers in Ottawa. The move by wholly-ownedsubsidiary TransCanada Energy out-classed on-going retailoperations such as Suncor Inc.’s Sunoco service station chain inOntario or pioneering efforts in central Canada by Direct EnergyMarketing of Calgary.
Holding
Articles from Holding
$500M Deal Grows BP Amoco Gas Holdings
BP Amoco strengthened its position as North America’s No. 1 gasproducer through a $500 million deal to buy a significant part ofRepsol-YPF’s holding in Crescendo Resources, a major gas producerand processor in Texas and Oklahoma.
November 15, 1999
$500M Deal Grows BP Amoco Gas Holdings
BP Amoco strengthened its position as North America’s No. 1 gasproducer through a $500 million deal to buy a significant part ofRepsol-YPF’s holding in Crescendo Resources, a major gas producerand processor in Texas and Oklahoma.
November 12, 1999
Allegheny Energy to Supply 360 MW to Industrials
Allegheny Power Supply, Greensburg, PA, the unregulatedaffiliate of Allegheny Energy, an electric utility holding company,has snagged the largest power contract so far in New Jersey’sunbundling market. The power supplier signed to deliver 360 MW overthe next 14 months to 64 industrial users aggregated by theChemical Industry Council (CIC) of New Jersey.
November 11, 1999
Sempra to Campaign Against Unbundling
A new California law restricting future natural gas unbundlingfits the “vision” of the $5 billion utility holding company, SanDiego-based Sempra Energy said, and it intends to “activelypromote” similar restrictions in other states in which it operates.
November 8, 1999
Sempra Promotes CA Unbundling Restrictions in Other States
A new California law restricting future natural gas unbundlingfits the “vision” of $5-billion utility holding company SanDiego-based Sempra Energy said, and it intends to “activelypromote” similar restrictions in other states in which it operates.
November 8, 1999
Investor Group Buys MidAmerican Energy Holdings Co.
An investor group including Berkshire Hathaway Inc., a holdingcompany primarily involved in the property and casualty insurancebusinesses, jumped into the energy sector yesterday by purchasingMidAmerican Energy Holdings Co. for over $2 billion. Overall, thetotal enterprise value of the transaction is $9 billion.
October 26, 1999
PNGTS Holds Open Season for HubLine
Portland Natural Gas Transmission System is holding an open season through Oct. 22 on its PNGTS Pipeline to elicit interest regarding new transportation services such as access to an interconnect with Algonquin’s HubLine project and consequently, to the lucrative Boston power generation market.
October 4, 1999
Pinnacle to Build 2,120 MW Palo Verde Gas Plant
Pinnacle West Capital Corp., the holding company for ArizonaPublic Service and 30% owner of the Palo Verde Nuclear GeneratingStation, is making the leap into natural gas in a big way,developing one of the largest gas-fired electric generatingfacilities alongside its Palo Verde switchyard.
October 1, 1999
Eastern Express Still Seeking Customers
Tennessee Gas Pipeline Co. hasn’t given up on targeting New England power generation demand for gas. The pipeline is holding an open season for its Eastern Express: New England Expansion through 2 p.m. CST Oct. 15.
September 20, 1999
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