Independent

Independent gas marketer Apollo Gas says it will appeal theAlberta government’s decision to yank its license over consumercomplaints about the manner in which it solicited business. Thelicense was revoked effective April 1; however, the company hasbeen issued a two-month conditional license so it can supply gas toexisting customers until May 31. After that, Apollo may sell itscontracts “at the agreed-upon price” to another marketer or alloweach account to revert back to the customer’s original utility.

Anadarko Petroleum Corp. laid the foundation to more than doubleits reserves and production with its purchase of independentproducer Union Pacific Resources (UPR) last week. While marketreaction to the deal was mixed initially, most analysts agreed thatonce complete the move will give Anadarko a major presence invirtually every producing territory in North America.

Independent gas marketer Apollo Gas says it will appeal theAlberta government’s decision to yank its license over consumercomplaints about the manner in which it solicits business. Thelicense was revoked effective April 1; however, the company hasbeen issued a two-month conditional license so it can supply gas toexisting customers until May 31. After that, Apollo may sell itscontracts “at the agreed-upon price” to another marketer or alloweach account to revert back to the customer’s original utility.

EnergyUSA-TPC, a subsidiary of NiSource, is making good use ofits high deliverability storage expertise, signing on to managesupply for utilities and independent generators while a subsidiaryadds new storage facilities in the Northeast and Mississippi.

Stung by a negative financial report from an independentnewsletter that dropped its stock price 17%, San Jose, CA-basedCalpine Corp. reacted quickly last week to reiterate its aggressivestrategy for developing groups of gas-fired merchant power plantsthroughout the U.S. over the next five to 10 years. It also said itwould continue to grow its related power and gas marketingoperations.

Stung by a negative financial report from an independentnewsletter that left its stock price down $18/share, or about 17%on Friday, San Jose, CA-based Calpine Corp. reacted quickly Mondayto reiterate its aggressive strategy for developing groups ofgas-fired merchant power plants throughout the U.S. over the nextfive to 10 years. It also said it would continue to grow itsrelated power and gas marketing operations.

The Independent Petroleum Association of America elected BarryRussell as its new president last week, replacing Gil Thurm. Thechange was immediately effective.

The Independent Petroleum Association of America elected BarryRussell as its new president yesterday, replacing Gil Thurm. Thechange was immediately effective.

Admitting the possibilities for market abuse in its currentsystem, California’s Independent System Operator (Cal-ISO) lastweek responded to federal regulators’ criticism of its congestionmanagement approach. The ISO suggested interim changes for the restof this year while it works out a broadly based congestion plan.Both the Federal Energy Regulatory Commission and Cal-ISO agreedthere is “a serious flaw in the existing intra-zonal managementscheme” for the California grid operations.