The Northeast differentiated itself from the rest of the marketyet again yesterday. Contrary to Friday’s results when manyNortheast points gained more than 20 cents, however, theNortheast’s attention-grabbing price activity yesterday felldecidedly on the bearish side as Transco Zone 6-NY fell $1 andTetco M3’s average dropped from the high $3.20’s to $3.
Itself
Articles from Itself
Alberta Regulators Approve New Distance-Based Rates
TransCanada PipeLines won the opening heat in its race to equipitself for the new era of competition in Canadian gastransportation, but much remains to be decided by a regulatory andnegotiating marathon.
February 14, 2000
Florida Power Issues RFP for 530 MW in 2003
In an attempt to decide between buying third-party capacity orbuilding the facilities to generate the capacity itself, FloridaPower Corp. issued an RFP yesterday, seeking bids from companiesinterested in generating 530 MW for the electric company beginningin Nov. 2003.
January 27, 2000
ComEd, APX Team Up to Form Power Exchange
Separating itself from government-created organizations like theCalifornia Power Exchange, the privately funded California-basedAutomated Power Exchange (APX) yesterday (July 27) announced plansto set up shop with a cash-based exchange in Illinois this fallwhen customer choice begins (Oct. 1) in the electricity industry.The announcement was made in Chicago in conjunction with localinvestor-owned utility Commonwealth Edison, whose transmissionsystem will be used to create a competitive power market inIllinois.
July 28, 1999
Altra Moves to Bolster European Presence
Setting itself up to enter the deregulating European energymarket, Altra Energy Technologies Inc. announced that Sema Group,an international information technology (IT) and business servicescompany, has agreed to be Altra’s exclusive European distributor.
July 21, 1999
Lawsuit Seeks to Quash Wisconsin Utility Merger
WICOR Inc., parent of Wisconsin Gas, says it intends to”vigorously defend” itself against a shareholder class-actionlawsuit that seeks to put the brakes to the company’s proposedacquisition by Wisconsin Energy Corp.
July 13, 1999
LG&E Picks Up Leading Pipeline Construction Co.
LG&E Energy Corp. positioned itself to take advantage of theexpanding pipeline construction industry last Friday by purchasingCRC Holdings Corp., parent of the pipeline construction equipmentcompany CRC-Evans Pipeline International, for a total of $83.5million. The deal closed last Friday. No layoffs are expected.
July 13, 1999
LG&E Picks Up Leading Pipeline Construction Co.
LG&E Energy Corp. positioned itself to take advantage of theexpanding pipeline construction industry last week by purchasingCRC Holdings Corp., parent of the pipeline construction equipmentcompany CRC-Evans Pipeline International, for a total of $83.5million. The deal closed on Friday. No layoffs are expected.
July 12, 1999
Futures Higher as Traders Position for Expiration Day
After posting 7.3 cent rally to kick off the week Monday, thefutures market found itself in a spirited see-saw battle pittingprice-optimistic bulls versus price skeptical bears Tuesday. In theend however, the market sided with the trend as the bulls came awaywith their fifth gain in as many days by nudging the May contract3.2 cents higher to $2.331. The May contract expires today at 3:10EST.
April 28, 1999
Dominion Buying Canadian Producer
Dominion Resources Inc. (DRI) made its third move of 1999 andits second in less than a week to position itself as a major gasand power player in the Northeast and Midwest. Following on theheels of Monday’s announcement that DRI will acquire ConsolidatedNatural Gas (CNG), subsidiary Dominion Energy said Wednesday itwill make a $34 million (C$50 million) cash offer for RemingtonEnergy Ltd., a publicly traded gas E&P company headquartered inCalgary, AB.
February 25, 1999
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