Pennsylvania Enterprises Inc and subsidiaries and Southern UnionCo. said the Pennsylvania Public Utility Commission (PPUC) approvedthe merger of the two companies.
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Open Season Starts For Atlantic Alliance
El Paso Energy’s Tennessee Gas Pipeline and CNG’s CNG Transmission announced an open season for their joint venture, the Atlantic Alliance Project, which started last week and will extend to Thursday, Sept. 30. Shippers will be asked to submit binding precedent agreements for service commencing November 2001 as part of the open season.
Open Season Starts for Atlantic Alliance
El Paso Energy’s Tennessee Gas Pipeline and CNG’s CNGTransmission announcedan open season for their joint venture, theAtlantic Alliance Project, begins today and will extend toThursday, Sept. 30. Shippers will be asked to submit bindingprecedent agreements for service commencing November 2001 as partof the open season.
Millennium Opposes Conference Bid
The joint request of Texas Eastern Transmission (Tetco) andAlgonquin Gas Transmission (AGT) for FERC to hold a conference toreview alternatives to the proposed Millennium Pipeline and otherprojects is an attempt to block new pipeline competition in theNortheast and should be rejected outright, Millennium said.
Southern’s Power Sales Rise, Gas Sales Fall
Southern Company Energy Marketing (SCEM), a joint venture ofSouthern Co. and Vastar Resources, said its second quarterelectricity sales jumped 21% to 48.2 million MWh from last year’ssecond quarter. Natural gas sales, however declined by 8% to 4.3Bcf/d.
Range Resources, First Energy Form Appalachian Giant
Range Resources Corp. and FirstEnergy Corp. announced Thursdaythe formation of a $1 billion joint venture in the AppalachianBasin. Each company will own 50% of the yet-to-be-named venture.The deal is expected to close within 60 days.
Germany’s STEAG AG Joins Avista in U.S. Power Market
Avista Corp. affiliate Avista Power and STEAG AG, Germany’slargest independent power producer agreed to form a joint ventureto develop, build and/or buy electric generation assets throughoutNorth America. Initial regions of interest include the Northwest,the Southwest and the Southeast. Projects of interest include thosepowered by natural gas, coal and hydro.
Avista Join Germans in Power Pact
Avista Corp. affiliate Avista Power and STEAG AG, Germany’slargest independent power producer agreed to form a joint ventureto develop, build and/or buy electric generation assets throughoutNorth America. Initial regions of interest include the Northwest,the Southwest and the Southeast. Projects of interest include thosepowered by natural gas, coal and hydro.
Palmetto Pipeline Declares Open Season
The Palmetto Pipeline, a proposed joint venture between CarolinaPower & Light (CP&L) and Sonat, announced an open seasonMonday seeking interest from potential firm gas transportationservice customers for terms of at least 20 years. The open seasonbegan April 1 and will continue through May 31.
Partnership Building TX Power Plant
Panda Energy International Inc. and PSEG Americas, part ofPublic Service Enterprise Group, announced 50-50 joint ventureTexas Independent Energy to develop and operate high efficiency,low-cost electric power generating plants in Texas.