Consolidated Edison announced it plans to sell two-thirds (5,500MW) of its New York City electric generation plants in an auctionstarting this summer. Its plants will be divided into threebundles. Each bundle will include a major generating facility-theRavenswood Generating Station in Long Island City, the AstoriaGenerating Station in Astoria, or the Arthur Kill Station on StatenIsland-and gas turbine generating facilities in Queens andBrooklyn. The company plans to sell two of the bundles throughauction and retain the remaining bundle, which has not yet beenidentified. It expects to receive authorization from the New YorkState Public Service Commission (PSC) by July 1. The auctionprocess would begin later that month, with the winning bidders tobe announced in January 1999.
Articles from Industry
ONEOK Resources has signed a definitive agreement with OXY USAto purchase some of its natural gas and oil reserves including morethan 400 wells in Oklahoma and Kansas outside the Hugoton field forapproximately $135 million before adjustments. Net production isapproximately 30 MMcf/d and 400 b/d. The properties havelower-risk development potential for increased reserves. WhileONEOK’s previous reserve acquisitions have been concentrated inOklahoma, this purchase includes significant reserves in Kansaswhere ONEOK recently acquired Kansas Gas Service, an LDC servingtwo-thirds of the state. David Kyle, president and chief operatingofficer of ONEOK, Inc., said the acquisition will almost doubleONEOK’s oil and gas reserve base. The acquisition includes a gassweetening plant located in the Aledo Field in Oklahoma.
Sonat Energy Services purchased a 50-percent limited partnershipinterest in GPU International’s Mid-Georgia Cogen L.P. power plant.”Our experience in both natural gas and power marketing has shownus that investing in state-of-the-art natural gas-fired electricpower generation is a key ingredient to providing our customerswith the services they need in today’s competitive market,” saidSonat Energy Service s President Richard Bates. The 300 MWcogeneration power plant is a dispatchable natural gas-fired,combined cycle facility located in Kathleen, GA. It is scheduled toenter commercial operation in the second quarter of 1998. Inaddition to providing thermal energy to a Frito-Lay snack foodprocessing plant and electrical capacity to Georgia Power, thefacility also will be available to sell wholesale energy to avariety of customers. Mid-Georgia Cogen is the first independentpower project developed in Georgia.
The National Energy Board has started preparing a reportentitled Canadian Energy Supply and Demand 1998-2025, which isscheduled to be published in 1999. It will provide an analysis ofenergy trends, issues and developments impacting Canada over thenext quarter century. The Board will be taking public comments toobtain the views of interested parties. Written comments or papersmust be received no later than May 12. The first round of publicconsultations will take place in informal workshops in April invarious cities across the country. The Board has identified thefollowing tentative dates and locations for these publicconsultations: Calgary (April 8), Toronto (April 15), Montreal(April 17), Halifax (April 20), Ottawa (April 22) and Vancouver(April 28). Specific dates and locations will be finalizedfollowing the receipt of responses by interested parties. Fordetails see NEB’s website at www.neb.gc.ca/home.htm, or contactLorna Patterson at (403) 299-3987. Registration to participate inpublic discussion groups must be received no later than March 20
Rebecca McDonald, president and CEO of Amoco Energy Development,was named the 1998-1999 chairman of the Natural Gas SupplyAssociation last week. J. Larry Nichols, president of Devon EnergyCorp., was selected as vice chairman; Richard J. Sharples, vicepresident of marketing for Anadarko Petroleum, was madesecretary/treasurer.