Improved

Ax Continues to Fall on TransCanada Assets, Jobs

TransCanada Pipelines put down the scalpel last week and took upthe ax. Having determined the path toward improved financial healthmust involve some painful surgery, the company decided to lop off15% of its asset base in exchange for expected proceeds of about$3.6 billion (net $3 billion), which will be used to pay down debt.It also decided to trim its dividend by a hefty 30% to $0.80/share.

December 13, 1999

Transportation Notes

Tennessee said operating conditions had improved enough Monday toallow it to lift an OFO Action Alert implemented Saturday (see DailyGPI, Nov. 12). Weekend OFOs by PacificGas & Electric, Southern California Gas and Northern Natural Gasalso were no longer in effect Monday.

November 16, 1999

AGL Income Hit by Sales Customer Exodus

While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas LightCustomers have chosen alternate suppliers.

August 2, 1999

AGL Income Hit by Sales Customer Exodus

While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas Lightcustomers have chosen alternate suppliers.

August 2, 1999

Reliant Energy Increases Midwest Power Presence

Reliant Energy improved its West Coast portfolio last week byannouncing a six-year agreement with the Springfield, IL municipalutility City Water, Light and Power (CWLP) to market its total 600MW generation. Financial terms of the deal were not disclosed.

February 22, 1999

El Paso Energy Grew Earnings 16%

El Paso Energy’s two pipelines combined lost $2 million, but thecompany still turned in improved earnings. Third quarter earningswere 43 cents/diluted share, an increase of 16% from 37 cents in Q31997.

October 26, 1998
1 10 11 12 Next ›