Initial

Because its initial open season period of Oct. 5 through Dec. 5included the Thanksgiving holidays, Dominion is extending thedeadline to Dec. 19 for its previously announced GreenbrierPipeline project in order to continue to gauge customer interest.

CMS Energy Corp. announced last Wednesday it has filed for aninitial public offering (IPO) in the first quarter next year for upto 49% of the stock in its exploration and production subsidiary,CMS Oil and Gas Co. The sale, in which CMS hopes to realize $400million, is part of a “value enhancement” program announced lastmonth aimed at strengthening its balance sheet.

CMS Energy Corp. announced last Wednesday it has filed for an initial public offering (IPO) in the first quarter next year of up to 49% of stock in its exploration and production subsidiary, CMS Oil and Gas Co. The sale, in which CMS hopes to realize $400 million, is part of a “value enhancement” program announced last month aimed at strengthening its balance sheet.

The proposed Florida-bound Buccaneer Gas Pipeline and GulfstreamNatural Gas System have received initial environmental clearancesfrom FERC, with staff proposing that the two pipeline projects bejoined at the hip in Polk County in the central part of the state,west of Tampa.

Except for a few western points, the September aftermarket gotoff to a generally strong beginning. In swing deals done Thursdayfor the first (and in some cases for flow through Tuesday), mostmarkets registered double-digit increases over last-of-Augustlevels and also were well above September indexes.

The proposed Florida-bound Buccaneer Gas Pipeline and GulfstreamNatural Gas System have received initial environmental clearancesfrom FERC, with staff proposing the two pipeline projects be joinedat the hip in Polk County in the central part of the state, east ofTampa.

Canada’s Petrobank Energy and Resources Ltd. has extended thedeadline of its initial offer to purchase all shares of Ranger OilLtd.’s common stock for another two weeks. Petrobank also hasentered a binding deal with Alberta Energy Co. to sell certainnatural gas assets currently held by Ranger for $262 million if thehostile takeover bid succeeds.

Canada’s Petrobank Energy and Resources Ltd. extended thedeadline of its initial offer today to purchase all shares ofRanger Oil Ltd.’s common stock. Petrobank also has entered abinding deal with Alberta Energy Company to sell certain naturalgas assets currently held by Ranger for $262 million.

NRG Energy Inc.pulled off a respectable first day on the New York Stock Exchange, asthe independent power subsidiary of Northern States Power saw itsinitial public offering (IPO) close well above its set price of$15. NRG opened at $15.88 and closed the day at $16.63 on a volume of8.1 million shares.