Industry

Northern Border Expansion Starting Near Full Capacity

Warm winter weather normally means trouble for the gas industry,but for Northern Border, which is attempting to completeconstruction of a major pipeline expansion/extension project, ithas been a blessing. After a month and a half delay because summerrains set back construction, the pipeline company is expecting tohave its project in service some time between Thursday, Dec. 17,and Sunday, Dec. 20, with the entire 700 MMcf/d capacity beingfully utilized “almost immediately,” said Robert Hill, vicepresident of marketing and business development for the pipeline.

December 14, 1998

Northern Border Expansion to Start This Week Nearly Full

Warm winter weather normally means trouble for the gas industry,but for Northern Border Pipeline, which is attempting to completeconstruction of a major expansion/extension project, it has been ablessing. After a month and a half delay because summer rains setback construction, the pipeline company is expecting to have itsproject in service some time between Thursday, Dec. 17, and Sunday,Dec. 20, with the entire 700 MMcf/d capacity being fully utilized”almost immediately,” said Robert Hill, vice president of marketingand business development for the pipeline company.

December 14, 1998

Price Data of NGI and Others ‘Reliable,’ Joint Study Says

A joint study to be released today reveals that the price datareported by the gas industry’s three major publications – NaturalGas Intelligence, Inside Ferc and Gas Daily – is both consistentand reliable.

December 8, 1998

CMS Buys Panhandle, Trunkline to Feed Midwest Power

CMS Energy surprised the industry early last week when itreached south from its Michigan gas and electric distribution baseto buy the Panhandle Eastern and Trunkline Gas pipeline companies -pipes, storage and LNG terminal – from Duke Energy, locking in itsown supply line to the Midcontinent and Gulf Coast. The companyalso articulated a strategy to capitalize on demand for gas-firedpower generation in the Midwest, and ended the week bydemonstrating it.

November 9, 1998

Sempra Solutions Guides Distributor Energy Use

Thanks to energy industry deregulation, Sempra Energy Solutions,a Sempra Energy subsidiary, entered into a contract Thursday to actas energy consultant to W.W. Grainger Inc., a leading distributorof maintenance, repair, and operating supplies. “We recognize thatenergy is no longer a one-point, one-choice, one-price service,”said Craig Kozak, real estate project manager for W.W. GraingerInc., “For this reason, we have contracted with Sempra EnergySolutions to assist us through the landscape of today’s competitivemarketplace.”

November 6, 1998

Duke’s Diversity Yields Better Earnings

Duke Energy credited a diverse portfolio for insulating it fromthe energy industry’s downturn. The company reported 1998 thirdquarter basic earnings of $1.18/share, up 42% from 83 cents/sharefor the same quarter in 1997. Duke posted earnings of $423.8million for the third quarter, compared to $298.4 million for thesame quarter in 1997. Overall earnings before interest and taxes(EBIT) for the third quarter of 1998 was $870.9 million versus$632.2 million for the third quarter of 1997.

October 26, 1998

Gas Regulators Get Praise, Advice from IEA

While efforts to deregulate the electric industry at both thestate and federal level drag on, at least one internationalobserver found U.S. gas deregulation worthy of praise. RobertPriddle, executive director of the International Energy Agency(IEA) in Paris, told reporters at the 17th Congress of the WorldEnergy Council that the United States leads the world in gascompetition.

September 21, 1998

Northern Border Expansion on Track

Industry reports that the start-up of the Canada-to-IllinoisNorthern Border Pipeline expansion, which has been planned forearly December, may be delayed are unfounded, said an officialassociated with the project.

September 16, 1998

U.S. Ahead in Gas Deregulation, IEA’s Priddle Says

While efforts to deregulate the electric industry at both thestate and federal level drag on, at least one internationalobserver found U.S. gas deregulation worthy of praise. RobertPriddle, executive director of the International Energy Agency(IEA) in Paris, told reporters at the 17th Congress of the WorldEnergy Council that the United States leads the world in gascompetition. Priddle said he is heartened by the Federal EnergyRegulatory Commission’s (FERC) decision to review pipeline rateregulation. Priddle gave his talk to highlight findings of theIEA’s report card on U.S. energy policy. The findings stem from a1998 review and are published by the agency in a 152-page book.

September 16, 1998

Energy Firms Join Cooperative Marketing Effort

Prosper Business Development Corp., along with Energy.com Corp.,has launched the energy industry’s first cooperative marketingcampaign aimed at eliminating the confusion about gas retail choiceat the small commercial and residential level, and at making itaffordable for gas marketing companies to target these two customerclasses.

August 17, 1998