Investments

Burlington Reduces ’02 Capital Budget, Plans 70% E&P in Canada, US

Burlington Resources Inc. said Tuesday it would lower its capital investments in 2002 to $1.3 billion, compared with combined full-year expenditures by the company and merger partner Canadian Hunter Exploration Ltd. of $1.6 billion this year. Totals for both years exclude capital for acquisitions. Next year, about 40% of Burlington’s exploration and production budget will be spent in Canada, with another 30% allocated to develop the San Juan Basin and Midcontinent areas of the United States. Another 30% will be spent on major development programs around the world.

December 19, 2001

Residential Customers Not Plugged Into the Energy Web

“Significant web-based investments directed at residential consumers can only be justified on the basis of faith–not rational financial analysis,” according to a survey by Primen which found virtually no consumers interacting with energy companies on the internet.

July 10, 2001

PJM’s Second Transmission Expansion Plan Gets Go-Ahead

A plan that calls for more than $420 million of transmission facility additions and reinforcements in the PJM region has been given the green light by PJM Interconnection’s board of managers. PJM Interconnection’s board of managers signed off on the second regional transmission expansion plan (RTEP) for the PJM region last Tuesday.

June 11, 2001

PJM’s Second Transmission Expansion Plan Gets Go-Ahead

A plan that calls for more than $420 million of transmission facility additions and reinforcements in the PJM region has been given the green light by PJM Interconnection’s board of managers. PJM Interconnection’s board of managers signed off on the second regional transmission expansion plan (RTEP) for the PJM region on Tuesday.

June 8, 2001

People

Robert Ray took on a new position with Dynegy Inc. yesterday.The nine-year company veteran was named vice president of StrategicInvestments, a job which entails strategic planning, valuation ofcorporate mergers and acquisitions, as well as the company’sinvestment in other business opportunities. Ray has held a numberof positions within Dynegy, most recently the title of vicepresident of Corporate Finance.

September 6, 2000

CA Regulators Ease PX Control

Looking beyond rate freezes and charges for strandedinvestments, California regulators last Thursday opened the doorfor greater retail electric price fluctuations in a decisionallowing the state’s three major investor-owned electric utilitiesto buy and sell some of their power outside the state-mandatednonprofit power exchange (Cal-PX).

June 12, 2000

California Regulators Ease PX Control

Looking beyond rate freezes and charges for strandedinvestments, California regulators Thursday opened the door forgreater retail electric price fluctuations in a decision allowingthe state’s three major investor-owned electric utilities to buyand sell some of their power outside the state-mandated nonprofitpower exchange (Cal-PX).

June 9, 2000

Pipelines, Producers Argue Investments, Returns

Producers are eating a bigger slice of the revenue pie,pipelines claim. Pipelines, however, are piling up a much greaterreturn for a much smaller investment, producers retort. And that’sjust the beginning of the arguments spawned by FERC’s probing thepossibility of lighter-handed regulation of pipelines, includingnegotiated terms and conditions.

April 22, 1999

Williams Earnings Fall Short in ’98

None of Williams’ three main subsidiaries matched 1997 earningslevels, the company said Thursday, as it announced a total 1998 netincome of $140.7 million, or $0.31 per diluted share, down from$368.3 million, or $0.85 per diluted share in 1997. For the fourthquarter, Williams posted a net loss of $20.2 million or $0.05 perdiluted share versus a net income of $57.5 million or $0.13 perdiluted share in 1997. Company officials blamed poor marketconditions, large accrual and impairment amounts, and disappointingresults in the communications business as reasons for the poorperformance.

January 22, 1999

GRI Tests Market for Investments in 14 Research Offerings

The Gas Research Institute rolled out the first line of targetedresearch offerings, in which companies can gain proprietary accessto technical solutions by forming a partnership with GRI andproduct manufacturers. It is GRI’s first step into the commercialworld where research is determined by market need.

June 24, 1998
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