House

“Clean” energy retail marketer GreenMountain.com cleaned houselast week, attracting a $100 million investment from BP Amoco andothers, striking a marketing and energy supply alliance with BPAmoco and forming a marketing arrangement with Web powerhouseLycos.

“Clean” energy retail marketer GreenMountain.com cleaned houseyesterday, attracting a $100 million investment from BP Amoco andothers, striking a marketing and energy supply alliance with BPAmoco and forming a marketing arrangement with Web powerhouseLycos.

In a fiscal year 1999 performance report card submitted toCongress and the White House, the Federal Energy RegulatoryCommission gave itself high marks for furthering competition in thenatural gas and electricity markets, citing the mega gas rule(Order 637), the RTO decision (Order 2000) and its FERC Firstinitiative as proof of its progress.

In a fiscal year 1999 performance report card submitted toCongress and the White House, the Federal Energy RegulatoryCommission gave itself high marks for furthering competition in thenatural gas and electricity markets last year, citing the mega gasrule (Order 637), the RTO decision (Order 2000) and its FERC Firstinitiative as proof of its progress.

The electricity restructuring legislation that survived markupby the House Energy and Power Subcommittee last Wednesday is ashell of the bill that was sponsored by Chairman Joe Barton (R-TX),energy industry lobbyists say.

The electricity restructuring legislation that survived markupby the House Energy and Power Subcommittee late Wednesday is ashell of the bill that was sponsored by Chairman Joe Barton (R-TX),energy industry analysts say.

KN Energy cleaned house last week, starting with a corporate yard sale with tags on everything but the kitchen sink. It also continued the shake-up among top management that began with the sudden departure of former CEO Larry Hall last month when KN’s merger with Kinder Morgan was first announced (see NGI July 12).

KN Energy has been cleaning house and started a corporate yardsale yesterday with tags on everything but the kitchen sink.Although it wouldn’t estimate the total value of the assets beingsold, the list is long and encompasses properties and assets innearly every division of KN’s operations.

Pennsylvania Gov. Tom Ridge signed House Bill 1331 last Tuesday, deregulating many aspects of the states gas industry and paving the way for statewide customer choice to begin Nov. 1.