Includes

Pengrowth Energy Trust of Calgary has agreed to acquire Calpine Corp.’s oil and gas holdings in British Columbia for US$248 million (C$387 million).

The first northern pipeline proposal to reach Canadian regulators includes an unintended reminder of who controls the Arctic natural gas agenda — producers rather than transporters.

The first northern pipeline proposal to reach Canadian regulators includes an unintended reminder of who controls the Arctic natural gas agenda — producers rather than transporters.

Legislation to reauthorize the Office of Pipeline Safety and enhance pipeline security and safety in light of the Sept. 11 terrorist attacks was introduced in the House of Representatives on Thursday by the leaderships of the Transportation and Infrastructure Committee and the Energy and Commerce Committee.

Legislation to reauthorize the Office of Pipeline Safety and enhance pipeline security and safety in light of the Sept. 11 terrorist attacks was introduced in the House of Representatives on Thursday by the leaderships of the Transportation and Infrastructure Committee and the Energy and Commerce Committee.

Denver-based MarkWest Hydrocarbon Inc. has acquired an Alberta gathering system for C$3.1 million (US$2.0 million). The purchase includes six miles of pipelines and compression facilities that currently gather 5,500 Mcf/d. MarkWest plans to expand the system to 10,000 Mcf/d by early 2002. The new addition in southeastern Alberta is located in the Bantry field, where MarkWest already has wells and drilling locations.

CMS Energy announced a major reorganization plan that includes a $2.4 billion sale of its non-strategic international power generation and distribution assets. The sales are expected to strengthen its balance sheet, provide more predictable earnings and lower its business risk by focusing its future business growth primarily on its Michigan utility, interstate pipeline assets and energy trading operations in North America. However, the transactions will have a significant negative short-term impact on net income, forcing a $613 million asset write-down and a third quarter net loss of $569 million. Investors pushed down the company’s stock price by 3% in early trading Friday.

CMS Energy announced a major reorganization plan that includes a $2.4 billion sale of its non-strategic international power generation and distribution assets. The sales are expected to strengthen its balance sheet, provide more predictable earnings and lower its business risk by focusing its future business growth primarily on its Michigan utility, interstate pipeline assets and energy trading operations in North America. However, the transactions will have a significant negative short-term impact on net income, forcing a $613 million asset write-down and a third quarter net loss of $569 million. Investors pushed down the company’s stock price by more than 2% in trading Friday.

National Fuel is holding an open season for up to 1 Bcf winter firm storage and transportation services (Nov. 1-Feb. 28). The service includes maximum injection of 10,000-30,000 Dth/d and a maximum withdrawal of 33,333 Dth/d. Receipt and delivery points include Columbia (Independence), Dominion (Ellisburg), Tennessee (Rose Lake), TransCanada (Niagara), Transco (Leidy) and Transco (Wharton). Bid sheets are available at National Fuel’s web site or by calling (716) 857-7740. For details call Jim Zernentsch (716) 857-7509.