In the second announcement this month about expanding pipeline capacity for the growing and hungry gas-fired power generation market in the Southeast and Mid-Atlantic regions, Duke Energy Gas Transmission said it plans to extend its East Tennessee Natural Gas System with a 95-mile extension from Virginia into North Carolina.
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Sempra CEO Sees Trading, Generation Boom
While condemning the wholesale gas and power volatility thissummer and profit-hungry generator/marketers, San Diego-basedSempra Energy CEO Steve Baum painted a bright picture last Thursdayfor his company and utility consumers, noting that San Diego Gasand Electric customers are now paying on average less for theirelectricity than they did a year ago.
Sempra CEO Sees Trading, Generation Boom
While condemning the wholesale gas and power volatility thissummer and profit-hungry generator/marketers, San Diego-basedSempra Energy CEO Steve Baum painted a bright picture last Thursdayfor his company and utility consumers, noting that San Diego Gasand Electric Co. customers are now paying on average less for theirelectricity than they did a year ago.
DEGT Plans Expansion of East Tennessee System
In the second announcement this month about expanding pipelinecapacity for the growing and hungry gas-fired power generationmarket in the Southeast and Mid-Atlantic regions, Duke Energy GasTransmission said it plans to extend its East Tennessee Natural GasSystem with a 95-mile extension from Virginia into North Carolina.
Calpine Corp. to Build 540-MW Facility in Ohio
San Jose’s Calpine Corp. has gobbled up the development rightsto build, own and operate a 540 MW natural gas-fired electricitygenerating facility in the energy-hungry Midwest. During periods ofhigh demand, the new Fremont Energy Center in Ohio, which isscheduled to go online in mid-2003, could generate more than 700MW.
Energy East CTG Merger Passes State Review
Hungry Northeast utility giant Energy East said ConnecticutDepartment of Public Utility Control approved its merger withConnecticut Natural Gas parent CTG Resources yesterday. Thecompanies are awaiting Securities and Exchange Commission approvalunder the Public Utility Holding Company Act, which is expected byJune 2000. CTG shareholders overwhelmingly approved the merger onOct. 18.
Hungry Energy East Buys CTG
After swallowing two energy distributors in two months most observers expected Energy East to enter a digestion phase, but the company came back for a third helping last week. The parent company of New York State Electric and Gas (NYSEG) said it is adding CTG Resources, Inc., parent of Connecticut Natural Gas (CNG), to its plate, which already is loaded with CMP Energy and Connecticut Energy.
Hungry Energy East Adds CTG to its Plate
After swallowing two energy distributors in two months mostobservers expected Energy East to enter a digestion phase, but thecompany came back for a third helping yesterday. The parent companyof New York State Electric and Gas said it is adding CTG Resources,Inc., parent of Connecticut Natural Gas (CNG), to its plate, whichalready is loaded with CMP Energy and Connecticut Energy.
Poor Results Distributed To LDCs, Too
Producers may be walking around barefoot and hungry after thefinancial struggle in 1998, but LDCs’ wallets are thin as well. Theexceptionally warm year cut gas distribution throughputsignificantly and several local distribution companies ended theyear in the red. Average net income declined 10% for 19 gas andcombination utilities that reported earnings last week or the weekprior.